05 March

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Bond Sell-Off, Payrolls, China GDP Target, Oil Surges – What’s up in Markets By Investing.com

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By Geoffrey Smith Investing.com -- The sell-off in U.S. bonds reverberates through global markets, but Wall Street looks set for a modest bounce at the open. Non-farm payrolls are expected to have picked up smartly from January’s level; OPEC’s decision not to raise output send oil rallying and analysts scrambling to raise their forecasts. And China has set its GDP growth target for this...

05 March

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Credit Suisse winds down $10 billion Greensill-linked funds By Reuters

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By Brenna Hughes Neghaiwi and Abhinav Ramnarayan ZURICH (Reuters) - Credit Suisse (SIX:CSGN) said on Friday it is winding down its $10 billion supply chain finance funds, which were mostly invested in notes backed by speciality finance firm Greensill. London-based Greensill group is preparing to file for insolvency and is in talks to sell parts of its business to U.S....

05 March

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UK watchdog looks to ‘open banking’ apps to help boost competition By Reuters

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By Huw Jones LONDON (Reuters) - Britain's competition watchdog wants a new independent banking industry body to accelerate take-up of "open banking" apps to spawn new fintech companies and offer more choice to consumers. Open banking allows third-party internet based applications to compete with big banks by accessing a customer's accounts to make payments, or find better deals on loans and other...

05 March

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Volkswagen core brand to accelerate electric vehicle shift By Reuters

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FRANKFURT (Reuters) - Volkswagen (DE:VOWG_p)'s namesake brand plans to more than double the share fully electric vehicles have in total European sales by 2030, the company said on Friday, in a bid to accelerate the carmaker's shift towards battery-powered cars. Fully electric vehicles are expected to account for more than 70% of total...

05 March

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Sterling weakens against resurgent dollar By Reuters

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LONDON (Reuters) - The British pound lost ground against a resurgent dollar on Friday, as currency traders took some risk off the table amid rising U.S. bond yields. U.S. Federal Reserve Chair Jerome Powell failed to soothe investor concerns about a recent surge in borrowing costs as he spoke at a Wall Street Journal forum on Thursday, pushing the safe-haven dollar higher....

05 March

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UK’s Frasers flags possible store closures after ‘near worthless’ govt support By Reuters

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(Reuters) - Mike Ashely-owned Frasers Group on Friday warned of possible store closures after it reviews its estate, as the company said government aid for the coronavirus-battered retail sector was not good enough. Britain will extend a year-long business rates exemption for retail, hospitality and leisure businesses to the end of June, finance minister Rishi Sunak said on Wednesday as part of...

05 March

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India shares lower at close of trade; Nifty 50 down 0.95% By Investing.com

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Investing.com – India equities were lower at the close on Friday, as losses in the Metals, Public Sector Undertakings and Power sectors propelled shares lower. At the close in NSE, the Nifty 50 lost 0.95%, while the BSE Sensex 30 index fell 0.87%. The biggest gainers of the session on the Nifty 50 were Oil And Natural Gas Corporation Ltd (NS:ONGC),...

05 March

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Travel industry bets on vaccine passports to draw Brits to Med By Reuters

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By Sarah Young, Clara-Laeila Laudette and Laurence Frost LONDON/MADRID/PARIS (Reuters) - The race to roll out vaccination passports is spurring competition among travel companies and tourist destinations for the large number of Britons set to receive COVID-19 shots before the summer. Thanks to its swift vaccine deployment https://graphics.reuters.com/world-coronavirus-tracker-and-maps, Britain is the only major...

05 March

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UK shares fall as higher bond yields weigh By Reuters

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(Reuters) - London's FTSE 100 fell on Friday, as a persistent rise in bond yields globally led to fears of higher inflation and borrowing costs, while energy stocks rose on higher crude oil prices. The blue-chip FTSE 100 index fell 0.7%, with banking and mining stocks, including Prudential (LON:PRU) Plc, Lloyds (LON:LLOY) banking, Rio Tinto (LON:RIO), Anglo...

05 March

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Allied Irish Banks expects to bounce back from loss with new lending By Reuters

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DUBLIN (Reuters) - Allied Irish Banks (AIB) expects to return to profit and resume normal dividends this year, it said on Friday, predicting a recovery in lending after reporting that pandemic-related bad loan provisions drove it to a 931 million euro ($1.11 billion) loss in 2020. The Irish lender, which posted a 909 million euro first-half loss after front-loading most of the...

Меню

Bond Sell-Off, Payrolls, China GDP Target, Oil Surges – What’s up in Markets By Investing.com

Credit Suisse winds down $10 billion Greensill-linked funds By Reuters

UK watchdog looks to ‘open banking’ apps to help boost competition By Reuters

Volkswagen core brand to accelerate electric vehicle shift By Reuters

Sterling weakens against resurgent dollar By Reuters

UK’s Frasers flags possible store closures after ‘near worthless’ govt support By Reuters

India shares lower at close of trade; Nifty 50 down 0.95% By Investing.com

Travel industry bets on vaccine passports to draw Brits to Med By Reuters

UK shares fall as higher bond yields weigh By Reuters

Allied Irish Banks expects to bounce back from loss with new lending By Reuters

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