27 May

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In widening Chinese bitcoin crackdown, Sichuan to probe cryptomining – official By Reuters

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SHANGHAI (Reuters) - Energy regulators in China's Sichuan province will soon meet local power companies to gather information on cryptocurrency mining, an official said, potentially leading to a clampdown in the country's second-biggest bitcoin production hub. China's central government vowed last week to crack down on bitcoin mining and trading, while this week Inner Mongolia, also a major mining centre, proposed measures to root out the business. Such measures are accelerating a shift of mining activities to North America and Central Asia. An official at the Sichuan Energy Regulatory Office of National Energy Administration told...

27 May

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Bayer hit by failure to cap risk from weedkiller cases By Reuters

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By Ludwig Burger FRANKFURT (Reuters) -Bayer shares dropped as much as 5% on Thursday after a U.S. judge rejected its plan to try and limit the cost of future class action claims that its Roundup weedkiller causes cancer. The German group called into question the future sale of glyphosate-based products to residential users in the U.S., and said it would review plans to settle around 30,000 legal claims, after the judge called Bayer (DE:BAYGN)'s plan to end years of litigation "unreasonable" on Wednesday. "We will continue to assess financial risks as we move forward," finance chief...

27 May

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Belarusian flag carrier Belavia cancels flights to eight countries -statement By Reuters

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MOSCOW (Reuters) - Belarusian national flag carrier Belavia said on Thursday it had been forced to cancel flights to eight countries from May 27 to Oct. 30 due to flight bans. The European Union has urged its airlines to avoid Belarus and its airspace amid outrage over Sunday's forced landing in Minsk of a Ryanair jet en route to Lithuania from Greece and the arrest of a dissident journalist on board. ...

27 May

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EasyJet founder’s family sells small stake in airline By Reuters

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LONDON (Reuters) - The family of the founder of British airline easyJet (LON:EZJ) sold a small stake in the company, a regulatory filing showed on Thursday, reducing the Haji-Ioannou family's holding to 25.3% from 26.7%. Stelios Haji-Ioannou founded easyJet in 1995, and along with family members remains its biggest shareholder, although their holding has reduced from around 34% last year due to a share sale and after a placing by the airline. During the pandemic, Haji-Ioannou criticised easyJet's strategy, calling on it to scrap a large order for new Airbus jets. Shares in easyJet traded...

27 May

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Wirecard ‘wake-up call’ prompts EU company reporting reform By Reuters

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By Huw Jones LONDON (Reuters) - The European Union will apply lessons from the Wirecard scandal by proposing stricter rules next year for company financial reporting and auditors, its financial services chief said. The payments company collapsed in 2020 in Germany's biggest post-war fraud scandal after auditor EY could not confirm the existence of 1.9 billion euros ($2.32 billion) in cash balances. "Wirecard is a wake-up call. Wirecard told and sold a great story that wasn't true," Mairead McGuinness said in a speech to the European Policy Centre on Thursday. McGuinness will launch a public...

27 May

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German consumer morale improves less than expected heading into June – GfK By Reuters

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BERLIN (Reuters) - German consumer morale improved less than expected heading into June as shoppers remained cautious despite falling COVID-19 infections and an improving growth outlook for Europe's largest economy, a survey showed on Thursday. The GfK institute said its consumer sentiment index, based on a survey of around 2,000 Germans, edged up to -7.0 from a revised -8.6 in the previous month. The reading missed a Reuters forecast for a bigger rise to -5.2. Consumers were more optimistic regarding their personal income situation as well as overall economic development, but their propensity to buy...

27 May

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Johnson Matthey sees hit to short-term cash flow on higher metal prices By Reuters

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(Reuters) - Johnson Matthey (LON:JMAT) on Thursday forecast low-to-mid teens percentage growth this year, as automakers demand more car pollution filters and Asia faces tighter regulations, but the company warned that rising metal prices could hit its cash flow. One of Europe's leading producers of autocatalysts, Johnson Matthey saw a strong recovery in demand for its car pollution filters in the second half of 2020 after witnessing a slump from the auto sector during the initial lockdowns. The company's underlying operating profit fell 6% to 504 million pounds ($711.45 million) for the year ended...

27 May

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European shares hover below record highs, HSBC edges lower By Reuters

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(Reuters) - European shares opened flat on Thursday, with losses in energy stocks offset by gains in the mining sector, while British bank HSBC's decision to exit U.S. retail banking was met with a lukewarm reception. The pan-European STOXX 600 index was almost unchanged at 445.34 points in early trading, hovering just below a record high of 447.15 hit on Tuesday. Energy stocks fell about 0.3%, tracking declines in oil prices as concerns over Indian demand and increasing Iranian supplies weighed. But losses in the sector were offset by stronger mining stocks, which...

27 May

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Equiniti agrees to $949 million take private deal By Reuters

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LONDON (Reuters) - Equiniti Group Plc, a British administration services and payments specialist, said on Thursday it had agreed to be taken over by a new company backed by private equity firm Siris Capital in a 673 million pound ($949 million) deal. Equiniti said the deal, priced at 180 pence per share, represented a 56% premium to its closing stock price on Feb. 8 and directors intended to unanimously recommend approval of the deal. The acquisition will need approval via a court-sanctioned scheme, the company said in a statement. ($1 = 0.7090 pounds)...

27 May

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Asian shares step back from 2-wk highs, dollar firm By Reuters

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By Swati Pandey SYDNEY (Reuters) - Asian shares retreated from two-week highs on Thursday and China started on the backfoot on fears central banks were closer to considering winding back their emergency stimulus while the dollar held at a one-week top. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.5% at 691.76, still not too far from Wednesday's high of 696.76, a level last seen on May 10. Chinese shares started weaker with the blue-chip index off 0.2%. Australian shares were flat while New Zealand's benchmark index stumbled 0.9%, extending losses...

Меню

In widening Chinese bitcoin crackdown, Sichuan to probe cryptomining – official By Reuters

Bayer hit by failure to cap risk from weedkiller cases By Reuters

Belarusian flag carrier Belavia cancels flights to eight countries -statement By Reuters

EasyJet founder’s family sells small stake in airline By Reuters

Wirecard ‘wake-up call’ prompts EU company reporting reform By Reuters

German consumer morale improves less than expected heading into June – GfK By Reuters

Johnson Matthey sees hit to short-term cash flow on higher metal prices By Reuters

European shares hover below record highs, HSBC edges lower By Reuters

Equiniti agrees to $949 million take private deal By Reuters

Asian shares step back from 2-wk highs, dollar firm By Reuters

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