03 May

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Hong Kong’s Economy Set to Bounce Back After Long Decline By Bloomberg

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(Bloomberg) -- Hong Kong is finally turning the corner, with the economy expected to expand for the first time since 2019 as it slowly recovers from the pandemic and social unrest before that. First-quarter gross domestic product probably increased 3.6% from a year earlier, according to median estimate in a Bloomberg survey of economists, reversing a historic run of six straight quarters of declines. Quarter-on-quarter GDP growth, a better reflection of the economy’s momentum, probably accelerated to 0.4% from 0.2% in the fourth quarter. Financial Secretary Paul Chan said in the Legislative Council last week he...

03 May

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ECB can start phasing out emergency stimulus when vaccinations pick up – de Guindos By Reuters

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FRANKFURT (Reuters) - The European Central Bank can start to phase out emergency stimulus measures when the pace of coronavirus vaccinations reaches a critical level and the economy picks up speed, Luis de Guindos, the bank's vice president, told an Italian newspaper. The ECB will next meet on June 10 and conservative policymakers are already calling for a cut in bond purchases, while others, particularly from the bloc's south, are arguing for continued patience in clawing back support. "If by speeding up the vaccination campaign, we manage to have vaccinated 70% of Europe’s adult...

03 May

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TSMC says can catch up with auto chip demand by end June – CBS By Reuters

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TAIPEI (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd (TSMC) expects to be able to catch up with the "minimum requirement" of customer demand for auto chips by the end of June, its chairman told U.S. broadcaster CBS. Automakers around the world are shutting assembly lines due to the shortage of chips for the industry, which in some cases have been exacerbated by the former U.S. administration's actions against Chinese chip factories. Taiwan, home to a booming semiconductor industry, is front and centre of efforts to resolve that problem, and its chipmakers have vowed to ramp up...

03 May

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Siemens Healthineers raises outlook on demand for rapid COVID tests By Reuters

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BERLIN (Reuters) - German health technology company Siemens Healthineers raised its full-year sales and profit forecast on Monday, as the global COVID-19 pandemic continues to drive demand for its rapid antigen tests. The medical technology group now expects sales to grow 14%-17% in the year to September, up from a previous forecast for a rise of 8%-12%. Adjusted basic earnings per share are seen at 1.90-2.05 euros versus an earlier forecast of 1.63-1.82 euros. Siemens Healthineers said it now expected rapid antigen test revenues of around 750 million euros in 2021, up from 300-350 million...

03 May

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Australia Central Bank to Keep Stimulus Even as Economy Roars By Bloomberg

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(Bloomberg) -- Australia’s central bank will maintain its highly supportive policy settings despite surging growth and falling unemployment, as it faces up to the even bigger challenge of lifting wages and inflation from record lows. Reserve Bank of Australia Governor Philip Lowe is set to keep interest rates and the three-year yield target unchanged at 0.10% on Tuesday, while maintaining the current pace of longer-dated bond purchases under the quantitative easing program. He’s expected to defer a key decision on whether to rolls over the yield target maturity to November 2024 from April 2024. The RBA...

03 May

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Dollar holds gains as traders look to U.S. data for policy cues By Reuters

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By Tom Westbrook SINGAPORE (Reuters) - The dollar clung to a recent bounce on Monday as investors made a cautious start to a week crammed with central bank meetings and big-ticket U.S. economic data, looking for clues on the outlook for global inflation and for policymakers' response. Asia trade was thinned by public holidays in Japan and China that also kept a lid on volatility, leaving the greenback where it settled after a Friday leap. It steadied at $1.2029 per euro and bought 109.28 yen. The dollar index, measured against six major currencies, held at 91.242....

03 May

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BP is seeking second wind farms off Scotland – The Times By Reuters

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(Reuters) - BP (LON:BP) Plc is preparing to bid for the rights to build wind farms off Scotland, The Times reported early on Monday. (https:// The energy company's Chief Executive Officer Bernard Looney told the news media company that the firm was 'looking at bidding in the forthcoming Crown Estate Scotland auction.' ...

03 May

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Asia off to slow start ahead of U.S. data deluge By Reuters

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By Wayne Cole SYDNEY (Reuters) - Asian share markets got off to a slow start on Monday as holidays in China and Japan crimped volumes and investors awaited a raft of data this week which should show the U.S. leading a global economic recovery. MSCI's broadest index of Asia-Pacific shares outside Japan was all but flat after taking a bit of a spill on Friday. Japan's Nikkei was shut for a holiday, but Nikkei futures edged up 0.2%. Wall Street extended its bull run with Nasdaq futures and S&P 500 futures both up 0.3%. A busy...

03 May

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Intel will ‘focus’ less on buying back company stock -CEO By Reuters

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NEW YORK (Reuters) - The chief executive of the biggest U.S. chip-maker, Intel Corp (NASDAQ:INTC), said the company is going to curb its focus on buying back its own stock. "We will not be anywhere near as focused on buybacks going forward as we have in the past," Intel Chief Executive Officer Pat Gelsinger said in an interview on the CBS news magazine "60 Minutes" to air on Sunday night. Gelsinger's comments were in response to a question comparing how much Intel has spent buying its own stock compared to its investment...

03 May

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Dell nearing deal to sell cloud business Boomi – WSJ By Reuters

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(Reuters) - Dell Technologies Inc, is nearing a deal to sell its cloud business Boomi to private-equity firms TPG and Francisco Partners, The Wall Street Journal reported on Sunday. The deal values Boomi at $4 billion including debt, WSJ reported https://www.wsj.com/articles/tpg-francisco-partners-near-deal-to-buy-boomi-from-dell-11619996400?mod=latest_headlines, citing people familiar with the matter. ...

Меню

Hong Kong’s Economy Set to Bounce Back After Long Decline By Bloomberg

ECB can start phasing out emergency stimulus when vaccinations pick up – de Guindos By Reuters

TSMC says can catch up with auto chip demand by end June – CBS By Reuters

Siemens Healthineers raises outlook on demand for rapid COVID tests By Reuters

Australia Central Bank to Keep Stimulus Even as Economy Roars By Bloomberg

Dollar holds gains as traders look to U.S. data for policy cues By Reuters

BP is seeking second wind farms off Scotland – The Times By Reuters

Asia off to slow start ahead of U.S. data deluge By Reuters

Intel will ‘focus’ less on buying back company stock -CEO By Reuters

Dell nearing deal to sell cloud business Boomi – WSJ By Reuters

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