24 August

Sticky

Didi suspends UK launch plans amid China crackdown on tech firms – Telegraph By Reuters

Posted by admin

in News

(Reuters) -Chinese ride-hailing giant Didi Global Inc has suspended its plans to launch in Britain and continental Europe, The Telegraph reported on Monday, against the backdrop of a regulatory backlash at home over data privacy. Staff working on the planned launches have been told that they face possible redundancy and Didi has stopped hiring in Britain, pulling the launch plans for at least a year, according to the report. (https:// "We continue to explore additional new markets, liaising with relevant stakeholders in each and being thoughtful about when to introduce our services," a Didi spokesperson...

24 August

0 Comments

Sticky

Musk says Tesla’s self-driving software update ‘not great’ By Reuters

Posted by admin

in News

(Reuters) - Tesla Inc's Chief Executive Elon Musk said on Monday said that the electric-car maker was working on improving the much-awaited update to its self-driving software "as fast as possible." The billionaire entrepreneur tweeted https://twitter.com/elonmusk/status/1429903213726093315 that the Full Self-Driving Beta version 9.2 is "actually not great imo (in my opinion), but Autopilot/AI team is rallying to improve as fast as possible." "We're trying to have a single stack for both highway & city streets, but it requires massive NN (neural network) retraining." Tesla had recently come under the scrutiny of U.S. safety regulators,...

23 August

0 Comments

Sticky

Euro zone bond yields higher on risk sentiment, flash PMIs By Reuters

Posted by admin

in News

By Dhara Ranasinghe LONDON (Reuters) - Euro zone bond yields rose on Monday as world stocks rebounded from last week's sell off and a closely watched gauge of business activity suggested that the bloc's economy is holding up well and price pressures are rising. IHS Markit's euro zone Flash Composite Purchasing Managers' Index, seen as a good guide to economic health, fell to 59.5 in August from 60.2 last month, but remained well above the 50-mark separating growth from contraction. The survey also showed that supply chain disruption continued to push up firms' costs - a...

23 August

0 Comments

Sticky

MARKET WRAP: FTSE 100 jumps, oil rebounds after weakness, Bitcoin above $50K By Investing.com

Posted by admin

in News

Key Points Sainsbury’s leads midcaps to all-time highs GBP stronger, USD falls Oil rebounds from seven day losing streak Gold back above $1,800/oz Bitcoin retakes $50,000 By Samuel Indyk Investing.com – The FTSE 100 jumped on Monday amid a broad risk-positive trading day which saw most of the major global stock indices trade in the green. Sainsbury 's (LON:SBRY) shares surged higher after the company is reportedly a target of private equity groups. The reported interest helped the shares rally almost 15% and led the FTSE 250 to fresh all-time highs. Energy giants BP...

23 August

0 Comments

Sticky

IMF’s $650 billion reserves distribution is ‘shot in arm’ for global economy – Georgieva By Reuters

Posted by admin

in News

By Andrea Shalal WASHINGTON (Reuters) - The IMF will distribute about $650 billion in new Special Drawing Rights to its members on Monday, providing a "significant shot in the arm" for global efforts to combat the COVID-19 pandemic, Managing Director Kristalina Georgieva said. The International Monetary Fund's largest-ever distribution of monetary reserves will provide additional liquidity for the global economy, supplementing member countries’ foreign exchange reserves and reducing their reliance on more expensive domestic or external debt, Georgieva said in a statement. "The allocation is a significant shot in the arm for the world and, if...

23 August

0 Comments

Sticky

European shares end higher on commodity recovery after bruising week By Reuters

Posted by admin

in News

By Sruthi Shankar and Ambar Warrick (Reuters) -European stocks recovered from their biggest weekly loss in nearly six months on Monday, helped by mining and oil stocks as commodity prices bounced back from steep losses driven by uncertainty over U.S. monetary policy and rising COVID-19 cases. The pan-European STOXX 600 index closed 0.7% higher after losing nearly 1.5% last week. Oil and mining were the best performing sectors, rising about 2.1% and 1.5% respectively. Sentiment appeared to have improved after growing uncertainty over when the U.S. Federal Reserve would begin tightening policy, which sparked...

23 August

0 Comments

Sticky

Branson’s Virgin Orbit to go public through $3.2 billion SPAC merger By Reuters

Posted by admin

in News

(Reuters) - Billionaire Richard Branson's Virgin Orbit is going public through a merger with a blank-check vehicle in a deal that values it at $3.2 billion and includes an investment from Boeing (NYSE:BA) Co, it said on Monday. The small satellite launch service provider's deal with NextGen Acquisition Corp. II also includes a private investment in public equity (PIPE) of $100 million. Boeing and AE Industrial Partners participated in the PIPE round, besides other investors. Shares of NextGen were up 2.4% in premarket trading. Firefly, U.S.-New Zealand startup Rocket Lab, and Branson's Virgin Orbit...

23 August

0 Comments

Sticky

UK orders 35 million more Pfizer/BioNTech COVID vaccines By Reuters

Posted by admin

in News

LONDON (Reuters) - Britain has agreed to buy 35 million more doses of the Pfizer/BioNTech COVID-19 vaccine, to be delivered from the second half of next year, as part of its preparations for booster shots and any new variants that could emerge. "While we continue to build this wall of defence from COVID-19, it's also vital we do everything we can to protect the country for the future too – whether that's from the virus as we know it or new variants," health minister Sajid Javid said. ...

23 August

0 Comments

Sticky

Fed chief Powell’s record ‘mixed,’ think tank says By Reuters

Posted by admin

in News

By Ann Saphir (Reuters) - A think tank highly critical of Federal Reserve Chair Jerome Powell's record on banking regulation released an assessment of his four-year tenure on Monday that is by turns scathing and complementary, highlighting the competing considerations as U.S. President Joe Biden weighs whether to reappoint him. The 23,000-word report from Better Markets, released ahead of the Fed's annual Jackson Hole central banking conference, now being held virtually, highlights Powell's "very poor" record on banking regulation and his "inexplicably slow" response to climate-related risks. It also praises his "exemplary" handling of...

23 August

0 Comments

Sticky

Rockefeller’s Fleming Says Fed Is ‘About to Move’ on Tapering By Bloomberg

Posted by admin

in News

(Bloomberg) -- The Federal Reserve will soon begin slowing its stimulus program as employment and the U.S. economy continue to rebound, according to Greg Fleming, head of wealth adviser Rockefeller Capital Management. “Given the relevant risks here, they’re about to move on tapering,” Fleming said in an interview with Bloomberg Television. “I do think they’re watching very closely on the jobs reports, so if you have another strong jobs report coming up and they think the economy continues to heal and to move forward they will absolutely begin to taper.” Most Fed officials agree the U.S....

Меню

Didi suspends UK launch plans amid China crackdown on tech firms – Telegraph By Reuters

Musk says Tesla’s self-driving software update ‘not great’ By Reuters

Euro zone bond yields higher on risk sentiment, flash PMIs By Reuters

MARKET WRAP: FTSE 100 jumps, oil rebounds after weakness, Bitcoin above $50K By Investing.com

IMF’s $650 billion reserves distribution is ‘shot in arm’ for global economy – Georgieva By Reuters

European shares end higher on commodity recovery after bruising week By Reuters

Branson’s Virgin Orbit to go public through $3.2 billion SPAC merger By Reuters

UK orders 35 million more Pfizer/BioNTech COVID vaccines By Reuters

Fed chief Powell’s record ‘mixed,’ think tank says By Reuters

Rockefeller’s Fleming Says Fed Is ‘About to Move’ on Tapering By Bloomberg

FINSPECTION MANAGEMENT LTD

FINSPECTION PLC LTD

FINACOM MANAGEMENT NV