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21 January
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Swiss financial watchdog reprimands Julius Baer for failings over money laundering By Reuters

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ZURICH (Reuters) - Switzerland's financial industry watchdog FINMA has reprimanded two people at private bank Julius Baer following an investigation into serious failings over money laundering, it said on Thursday. The regulator launched proceedings in one case, and dropped its inquiries in another, after an executive resigned in the case related to alleged corruption in Venezuela. ...

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21 January
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Bank of Japan Leaves Interest Rates Unchanged Amid Gloomy Outlook By Bloomberg

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(Bloomberg) -- The Bank of Japan stood pat on its massive easing program while taking a gloomier view of the current state of the economy amid rising virus cases and a widening state of emergency. The BOJ left its interest rates and main asset purchases unchanged, according to a statement from the central bank Thursday. All 44 economists surveyed by Bloomberg forecast no...

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21 January
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Analysis: Jack Ma’s reappearance fails to soothe all investor concerns By Reuters

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By Megan Davies, John McCrank and Ross Kerber NEW YORK/BOSTON (Reuters) - Jack Ma's 50-second video reappearance may have buoyed Alibaba (NYSE:BABA) Group's shares, yet it has done little to resolve the Chinese e-commerce giant's troubled relationship with regulators that is making some investors hesitate about owning its stock. The company's American Depositary Receipts (ADRs) rose more than 5%...

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21 January
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Malaysia Airlines’ parent co gets British court approval for restructuring By Reuters

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KUALA LUMPUR (Reuters) - The parent company of Malaysia Airlines, Malaysia Aviation Group (MAG), said it had obtained British court approval to proceed with a major component of its debt restructuring efforts. The approval allows the group to convene a creditors' meeting to consider a scheme. The outcome of the meeting will be reported back to the court at a sanction hearing...

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21 January
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British to face ban on entering EU under German plan to shut borders – The Times By Reuters

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(Reuters) - European governments would be allowed to ban all UK residents from entering their countries and cut all passenger transport links with Britain under a German proposal to the European Union, the Times reported on Thursday. EU member states are free to impose temporary bans on entry and on transporting passengers entering from non-EU countries with virus variant areas, the Times...

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21 January
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ECB Just Can’t Escape Grip of Virus on Economy: Decision Guide By Bloomberg

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(Bloomberg) -- European Central Bank officials will confront a frustrating outlook when they hold their first policy meeting of the year on Thursday, as stricter lockdowns and a slow vaccine rollout across the region threaten to leave the economy jammed up for months on end. A resurgent outbreak of the coronavirus and worries about new strains of the disease are testing the assumption...

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21 January
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Beyond’s Veggie Patties Out, Bring Back Twinkies & Chips By Investing.com

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By Christiana Sciaudone Investing.com -- Out with the veggies patties, bring on the Twinkies! Hostess Brands Inc (NASDAQ:TWNK) is up 1.5% after Stephens initiated it as a buy-equivalent alongside chip maker (the potato kind, not the tech kind) Utz Brands Inc (NYSE:UTZ), which jumped 5%.  Beyond Meat (NASDAQ:BYND), on the other hand, got a smackdown from BTIG, which downgraded the stock to neutral...

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21 January
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Dow Hits Record High as Biden Takes Helm; Netflix Rallies 17% By Investing.com

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By Yasin Ebrahim Investing.com – The Dow, S&P 500 and Nasdaq closed at record highs Wednesday, underpinned by Netflix-led rally in tech amid backdrop of growing optimism on further stimulus as Joe Biden was sworn in as U.S. President. The Dow Jones Industrial Average rose 0.83%, or 257 points to $31,188.38, above its previous all time high of 31,097.97. The S&P 500 was...

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21 January
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United Airlines Holdings Earnings, Revenue Miss in Q4 By Investing.com

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United Airlines Holdings (NASDAQ:UAL) on Wednesday reported fourth quarter earnings that missed analysts' forecasts and revenue that fell short of expectations. This will be a rebuilding year, the airline said, as the entire travel industry continues to cope with the economic damage of Covid. First quarter operating revenue is expected to all 65% to 70% against the first quarter 2019, though accelerated...

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