19 August

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Asian shares fall, dollar gains after Fed minutes By Reuters

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By Alun John HONG KONG (Reuters) - Asian shares fell on Thursday while the dollar reached multi-month highs against peers, after minutes from the U.S. central bank's last meeting showed the increasing prospect of reduced monetary stimulus this year. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.63%, heading back towards 2021 lows set last month, with Chinese blue chips down 0.21%, Australia falling 0.54% and Hong Kong off 0.45%. Japan's Nikkei dropped 0.37%. Carlos Casanova, senior Asia economist at UBP, said the main drivers for markets this week were weaker economic activity data in...

19 August

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Australian jobless rate drops, but lockdowns muddy the data By Reuters

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By Wayne Cole SYDNEY (Reuters) - Australia's unemployment rate dived unexpectedly in July to a 12-year low, but the drop was largely due to people falling out of the labour force as coronavirus lockdowns limited their ability to look for work. Analysts cautioned the true hit to jobs and unemployment would become more apparent in August and September data, confirming the economy likely contracted sharply this quarter. Thursday's report from the Australian Bureau of Statistics (ABS) showed the jobless rate slid to 4.6% in July, when analysts had expected a tick up to 5.0%. Employment rose...

19 August

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Sri Lanka becomes first in Asia to raise interest rates since pandemic By Reuters

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By Swati Bhat and Chris Thomas MUMBAI (Reuters) - The Central Bank of Sri Lanka (CBSL) became the first in Asia on Thursday to raise interest rates since the pandemic began, as it acted to stem inflationary pressures and high imports, one of the factors behind the rupee's 8% depreciation this year. The central bank increased the standing deposit facility rate and the standing lending facility rate by 50 basis points each to 5.00% and 6.00%, respectively. It also increased the statutory reserve ratio by 200 basis points to 4% with effect from Sept. 1....

19 August

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British consortium formed to develop solid state EV batteries By Reuters

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By Nick Carey LONDON (Reuters) - A group of seven British organisations including battery materials firm Johnson Matthey (LON:JMAT), start-up Britishvolt and Oxford University said on Thursday they had formed a consortium to develop solid-state batteries for electric vehicles. The consortium will build a facility to develop prototypes and technologies for the mass production of solid-state batteries. It also includes the government-funded Faraday Institution, which aims to help UK businesses develop and manufacture EV batteries. "Delivering enhanced range and safety...

19 August

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Tencent says more regulations set to come as quarterly profit jumps By Reuters

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By Brenda Goh SHANGHAI (Reuters) -China's Tencent Holdings (HK:0700) said on Wednesday that the internet industry should brace for more regulations and uncertainty, but it believed Beijing ultimately wanted to forge a long-term sustainable path for the sector. The gaming and social-media giant, which beat forecasts with a 29% jump in second-quarter profit, has been among companies that have borne the brunt of regulatory actions Chinese authorities have unleashed on the tech industry and other sectors. "There will be short-term uncertainties and there will be a lot of new regulations that will be coming," Tencent...

19 August

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Robinhood sees retail traders taking a breather in third quarter By Reuters

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By Sohini Podder, John McCrank and Sinéad Carew (Reuters) - Robinhood Markets Inc (NASDAQ:HOOD) expects retail investors to become less active in the third quarter, after frantic trading in crypto currencies helped more than double its revenue, the online brokerage said in its first earnings report as a public company. A slowdown in retail trading, which has been one of the standout phenomena of the pandemic-era, comes as the U.S. eased some coronavirus restrictions in recent weeks. One analyst said the resumption of sports and other activities likely took some of the retail...

19 August

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No need for COVID booster jabs for now – WHO By Reuters

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GENEVA (Reuters) - Current data does not indicate that COVID-19 booster shots are needed, the World Health Organization (WHO) said on Wednesday, adding that the most vulnerable people worldwide should be fully vaccinated before high-income countries deploy a top-up. The comments came just before the U.S. government said it planned to make the booster shots widely available to all Americans starting on Sept. 20 as infections from the Delta variant of the coronavirus rise. WHO chief scientist Soumya Swaminathan, asked about the need for boosters to increase protection against the disease, told a Geneva news conference:...

19 August

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Fed Taper Debates Heat Up as Economy Makes Progress Toward Threshold: Fed Minutes By Investing.com

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By Yasin Ebrahim Investing.com – Federal Reserve policymakers acknowledged that the economy continued to progress toward the threshold to begin tapering, but consensus on the timeline remained elusive. At the conclusion of its previous meeting on July 28, the Federal Open Market Committee kept its benchmark rate in a range of 0% to 0.25% and the pace of bond purchases at a $120 billion monthly clip. "No decisions regarding future adjustments to asset purchases were made at this meeting," The Fed's minutes showed. "Most participants judged that the Committee's standard of "substantial further progress" toward the...

19 August

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Haitians grow impatient for quake aid as hungry crowd gathers By Reuters

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By Laura Gottesdiener LES CAYES, Haiti (Reuters) -A hungry crowd gathered outside an airport in southern Haiti on Wednesday as people left homeless by an earthquake that killed some 2,000 people voiced anger that government aid was slow to arrive five days after the disaster, leaving many without food and water. Prime Minister Ariel Henry, who flew to visit the worst-affected town of Les Cayes in southwest Haiti soon after Saturday's quake of magnitude 7.2, had praised the dignity shown by survivors and promised a rapid escalation of aid. But following another night of rains,...

18 August

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Ryanair hits back at Italian authority over seat surcharges By Reuters

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MILAN (Reuters) - Budget airline Ryanair has hit back at Italy's civil aviation authority ENAC in a dispute over extra fees for seats assigned to adults accompanying minors and disabled people, saying the authority had made incorrect claims. ENAC had on Tuesday warned it could fine Ryanair after preliminary checks showed it had not yet adapted its IT and operating systems to ensure a supplement is not charged when booking seats next to underage passengers or people with disabilities. ENAC previously urged airlines operating in Italy to cancel the seat surcharges by Aug. 15,...

Меню

Asian shares fall, dollar gains after Fed minutes By Reuters

Australian jobless rate drops, but lockdowns muddy the data By Reuters

Sri Lanka becomes first in Asia to raise interest rates since pandemic By Reuters

British consortium formed to develop solid state EV batteries By Reuters

Tencent says more regulations set to come as quarterly profit jumps By Reuters

Robinhood sees retail traders taking a breather in third quarter By Reuters

No need for COVID booster jabs for now – WHO By Reuters

Fed Taper Debates Heat Up as Economy Makes Progress Toward Threshold: Fed Minutes By Investing.com

Haitians grow impatient for quake aid as hungry crowd gathers By Reuters

Ryanair hits back at Italian authority over seat surcharges By Reuters

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