By Yadarisa Shabong (Reuters) -Energy group BP (LON:BP) said on Tuesday it expects to have hit its $35 billion net debt target in the first quarter of this year, sooner than expected and paving the way for it to deliver on its promise of buying back shares. "This is a result...
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LONDON (Reuters) - The chief executive of British airline easyJet (LON:EZJ) criticised some of the government's plans to restart travel, saying COVID-19 tests should not be required for passengers travelling to low-risk destinations. Britain's airlines and travel industry were left disappointed by Prime Minister Boris Johnson's warning on Monday that it was too soon to say when international holidays could resume,...
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By Stephen Jewkes and Isla Binnie MILAN/MADRID (Reuters) - Europe's biggest utilities Enel (MI:ENEI) and Iberdrola (MC:IBE) saw the clean energy transition coming decades ago when others baulked at the high cost of producing energy from the sun and wind and instead stuck with coal and oil. Thanks to...
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LONDON (Reuters) - Pubs and restaurants won't require vaccine certificates when they reopen under the current plans for an exit from lockdown in England, Minister for COVID Vaccine Deployment Nadhim Zahawi said on Tuesday. Step 2 out of the roadmap will see shops and pub gardens reopen next week, while the reopening of indoor hospitality venues in step 3 is slated for...
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(Reuters) - BP (LON:BP) expects to reach its $35 billion net debt target in the first quarter of 2021, the energy group said on Tuesday, following earlier-than-expected proceeds from disposals and a "very strong" quarter. BP said it expects sale proceeds in 2021 to be at the top end of...
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By Brenna Hughes Neghaiwi ZURICH (Reuters) - Credit Suisse (SIX:CSGN) on Tuesday said it was replacing senior managers, halting its share buyback programme and slashing its 2020 dividend as it grapples with the estimated 4.4 billion Swiss franc ($4.69 billion) fallout from its relationship with Archegos Capital Management LP. Chief Risk Officer Lara Warner and investment banking head Brian Chin...
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By Tetsushi Kajimoto TOKYO (Reuters) - Japan would agree on a new allocation of special drawing rights (SDR) as long as the International Monetary Fund and World Bank help ensure transparency in providing the increased money for poor countries, Finance Minister Taro Aso said on Tuesday. "There would be no point to it if SDR expansion is used for paying back debts...
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By Dhirendra Tripathi Investing.com – Trimble (NASDAQ:TRMB) reached a 52-week high on Monday following Thursday’s topping up of the company’s shares by Cathie Wood's ARK Investment. The stock rose almost 5% to touch the day’s high of $84.61. ARK Investment's main active ETF, ARK Innovation ETF (NYSE:ARKK), bought 453,214 shares. ARK’s ARK Autonomous Technology & Robotics ETF (NYSE:ARKQ) holds more than 2.4 million...
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By Matt Scuffham NEW YORK (Reuters) - Credit Suisse (SIX:CSGN) Group AG will on Tuesday detail losses from its relationship with Archegos Capital Management LP after dumping over $2 billion worth of stock to end exposure to the troubled investor, two sources familiar with the matter said. The episode, which...
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By Chibuike Oguh (Reuters) - Asian equities are poised to rise on Tuesday after the S&P 500 and Dow indexes set records as a streak of strong U.S. economic data fueled optimism even as a smaller-than-expected climb in 10-year Treasury notes eased inflation concerns. Investor sentiment was buoyed by a survey from the Institute for Supply Management (ISM) on Monday showing activity...
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