20 April

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Goldman names new co-head of internal client services initiative By Reuters

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NEW YORK (Reuters) - Goldman Sachs Group Inc (NYSE:GS) named Kim Posnett as the new co-head for an internal client services initiative called One Goldman Sachs, according to a memo seen by Reuters on Monday. Posnett, currently the global head of investment banking services, will work with co-head Sam Morgan to integrate the bank's business divisions and improve how Goldman serves some of its biggest clients, according to the memo, which was signed by Chief Executive Officer David Solomon. The initiative has been part of Solomon's vision for how to grow the bank...

20 April

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Vaccine hopes boost euro, dollar on back foot as yields off highs By Reuters

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By Hideyuki Sano TOKYO (Reuters) - The dollar wallowed near a six-week low against its peers on Tuesday as the euro led a rally on the back of a brightening outlook for the region's vaccination programme. The dollar had already been losing traction as U.S. bond yields have hovered below a 14-month peak touched last month, reducing the greenback's yield attraction. The euro rose to $1.2038, having touched a six-week high of $1.2048 on Monday while the British pound gained 1% overnight, its second biggest daily gain so far this year, and last stood at $1.3989....

20 April

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China Needs Structural Reform for Economy, Ex-IMF Official Says By Bloomberg

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(Bloomberg) -- China faces huge structural problems in its economy as the government fell back to its old playbook of investment-driven growth last year, said Zhu Min, a former deputy managing director of the International Monetary Fund. “In 2021, structural reform is the most important thing for China,” he said on a panel at the Boao Forum in the southern province of Hainan late Monday. “If we keep on the 2020 path, we have the risk of returning to the old model, which is what we don’t want to see.” China’s strong recovery from the...

20 April

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Biden Might Force Tobacco Companies to Cut Cigarette Nicotine Levels By Investing.com

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By Yasin Ebrahim Tobacco stocks were on the back foot Monday after The Wall Street Journal reported that the Biden administration is considering requiring tobacco companies to cut the nicotine levels in all cigarettes sold in the U.S. to make them less additive. Philip Morris International Inc (NYSE:PM), Altria Group (NYSE:MO), Reynolds Consumer Products Inc (NASDAQ:REYN) moved lower. The possible policy measure would force the companies to reduce the chemical in cigarettes to nonadditive or minimally addictive levels, to persuade smokers to quit or switch to less harmful alternatives such as e-cigarettes,...

20 April

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Asian shares up on China gains but tech worries weigh By Reuters

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By Alun John HONG KONG (Reuters) - Asian shares rose on Tuesday, led by a stronger Chinese opening and shaking off the initial drag from tech-driven Wall Street losses, while the dollar stayed at multiweek lows against other major currencies. MSCI's broadest index of Asia-Pacific shares outside Japan gained 0.2%, swinging into positive territory after Chinese blue chips rose 0.13%. South Korea gained 0.4%. Elsewhere, Japan's Nikkei dropped 1.84%, as the country continues to grapple with a resurgence in COVID cases. Australia slipped 0.33%. Hong Kong fell 0.11% although Chinese food delivery giant Meituan's shares rose...

20 April

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Britain launches expert group to prepare for future pandemics By Reuters

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LONDON (Reuters) - Britain on Tuesday said it would launch a new international expert group to help bolster the world's preparedness for the next pandemic and expedite the development of vaccines against future diseases when they emerge. Launched under Britain's Presidency of the Group of Seven (G7) rich nations, the Pandemic Preparedness Partnership (PPP) will report to the G7 leaders summit in June, and will advise on how to achieve Prime Minister Boris Johnson's target of developing vaccines against future diseases within 100 days. "As G7 President, the UK is determined to work with our partners...

20 April

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UK set to allow taller phone masts to boost rural coverage By Reuters

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LONDON (Reuters) - Britain has proposed new rules to help eliminate gaps in rural mobile coverage, including allowing new and existing phone masts to be five metres taller and two metres wider than currently permitted. It will also on Tuesday publish recommendations to boost the number of network equipment suppliers following last year's decision to ban China's Huawei from 5G networks. The planning reforms will speed up the installation of masts while minimising the number required and making it easier to build slimline 'monopole' masts, it said. Combined with the shared rural network announced by...

20 April

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UK car insurance premiums in Q1 drop to lowest level since 2015 – survey By Reuters

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(Reuters) - The cost of a comprehensive car insurance policy in Britain slumped 14% in the first quarter of 2021, to their lowest level since 2015, as different phases of lockdowns in the country kept motorists off the streets, a survey showed. UK motorists now have to pay 538 pounds ($747.01) on an average for their comprehensive car insurance premiums, according to the latest index from price comparison site Confused.com in association with insurance broker Willis Towers Watson (NASDAQ:WLTW). "The impact of fewer drivers on the roads has led to fewer claims, which have allowed shoppers...

20 April

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British lawmakers check on how banks are treating small businesses during pandemic By Reuters

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By Huw Jones LONDON (Reuters) - Britain's top banks may face action to make it easier for small businesses to open a bank account, British lawmakers said on Tuesday, after companies complained about lenders as they struggle during the COVID-19 pandemic. Mel Stride, the chair of parliament's Treasury Select Committee, said he has written to Natwest, Barclays (LON:BARC), Metro Bank, HSBC, Santander (MC:SAN) and Lloyds (LON:LLOY) to ask if they have changed their criteria for opening business accounts since the pandemic began. Lawmakers want to know by May 19 whether waiting times for opening...

20 April

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Johnson & Johnson, Netflix, Procter & Gamble: 3 Things to Watch By Investing.com

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By Liz Moyer Investing.com -- Stock indexes let off some steam on Monday ahead of a huge week for earnings. After notching several successful record highs last week, investors paused ahead of profit reports from big tech companies and consumer-oriented names. People will be hanging on the outlooks executives give for the next few months as economies reopen and consumers spend on entertainment like dining out. On Monday, Harley-Davidson (NYSE:HOG) bounced after it reported strong earnings and a rosy outlook for sales, as Americans hit the road after a year of hunkering down. There isn’t much in...

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Goldman names new co-head of internal client services initiative By Reuters

Vaccine hopes boost euro, dollar on back foot as yields off highs By Reuters

China Needs Structural Reform for Economy, Ex-IMF Official Says By Bloomberg

Biden Might Force Tobacco Companies to Cut Cigarette Nicotine Levels By Investing.com

Asian shares up on China gains but tech worries weigh By Reuters

Britain launches expert group to prepare for future pandemics By Reuters

UK set to allow taller phone masts to boost rural coverage By Reuters

UK car insurance premiums in Q1 drop to lowest level since 2015 – survey By Reuters

British lawmakers check on how banks are treating small businesses during pandemic By Reuters

Johnson & Johnson, Netflix, Procter & Gamble: 3 Things to Watch By Investing.com

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