26 November

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Global stocks bull run to race on, spurred by cheap cash, vaccine hopes – Reuters poll

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By Jonathan Cable and Rahul Karunakar LONDON/BENGALURU (Reuters) - The blistering rally in global stock markets is set to continue for at least six months, albeit at a shallower pace, amid hopes more cheap cash and a COVID-19 vaccine allow economies to heal and corporate earnings to recover, a Reuters poll found. With the coronavirus pandemic sweeping across the globe, economic activity...

26 November

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Poland, Hungary should go to EU court on rule of law, not block budget, Commission says

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BRUSSELS (Reuters) - Poland and Hungary should ask the European Union's top court to assess the link between access to EU money and observing the rule of law, instead of blocking the EU's 2021-2027 budget and recovery plan, the head of the European Commission said. The suggestion by Ursula von der Leyen is one of the possible ways EU officials have been...

26 November

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Stop ‘box ticking’ on best practice, UK watchdog tells companies

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By Huw Jones LONDON (Reuters) - Too many of Britain's companies use formulaic explanations about diversity, climate change policy and leadership that provide little detail for investors, the Financial Reporting Council (FRC) said on Thursday. The FRC supervises how companies comply with its Stewardship Code of governance best practice, requiring them to explain in a "clear and compelling" way if they choose...

26 November

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Hong Kong’s Lam says restoring ‘political system from chaos’ is priority

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By Twinnie Siu and Clare Jim HONG KONG (Reuters) - The Hong Kong government's priority is to "restore the political system from chaos", Chief Executive Carrie Lam said on Wednesday in her annual policy address, which did not deliver blockbuster steps to boost the economy or ease a housing crisis. Lam's lengthy address...

26 November

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Former World Bank chief and ‘voice for the poor’ Wolfensohn dies aged 86

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WASHINGTON (Reuters) - James Wolfensohn, a former investment banker who pushed through debt relief for the poorest nations during a decade at the helm of the World Bank, has died, the Bank said Wednesday. He was 86. Wolfensohn, a former Salomon Brothers partner, was appointed as president of the global development bank by then-U.S. President Bill Clinton and led the Bank from...

26 November

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Asian shares slip as investors pause for breath after massive rally

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By Katanga Johnson WASHINGTON (Reuters) - Asian shares dipped slightly on Thursday as the hot run up in global markets took a breather, with investors switching their focus from vaccine hopes to disappointing U.S. jobs data and new COVID-19 lockdowns. Investors refrained from extending a rally in equities that had been fueled by vaccine optimism. Stocks neared but missed the previous session's...

26 November

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U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 0.71%

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Investing.com – U.K. equities were lower at the close on Wednesday, as losses in the Oil Equipment Services & Distribution, Aerospace & Defense and Life Insurance/Assurance sectors propelled shares lower. At the close in London, the Investing.com United Kingdom 100 fell 0.71%. The biggest gainers of the session on the Investing.com United Kingdom 100 were Unilever PLC (LON:ULVR), which...

26 November

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IKEA investment arm in talks to buy city-centre retail property in big European cities

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By Anna Ringstrom STOCKHOLM (Reuters) - IKEA's Ingka Investments is in talks to buy commercial property in prime locations in several big European cities after it finalised its first-ever such acquisition last month, its managing director said. The investment arm of Ingka Group, which owns most IKEA stores, is pushing into the...

26 November

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Vaccine is no shot in the arm yet for emerging markets

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By Tom Arnold LONDON (Reuters) - Emerging markets have surged on the prospect that coronavirus vaccines will become widely available soon, but analysts think the rally is overplayed given the risks from slower rollouts for some economies that could delay their recoveries. Several vaccines are now close to fruition, including at least two produced in emerging markets Russia and China, but budgetary...

26 November

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Euro zone house prices set for reality check as pandemic bites: ECB

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FRANKFURT (Reuters) - House prices in the euro zone are in for a reality check as a pandemic-induced recession pushes more people out of work and hits household confidence, the European Central Bank said on Wednesday. Residential property prices were remarkably resilient during the first wave of the coronavirus pandemic, rising by 5% in the first half of 2020, thanks to loan...

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News

Global stocks bull run to race on, spurred by cheap cash, vaccine hopes – Reuters poll

Poland, Hungary should go to EU court on rule of law, not block budget, Commission says

Stop ‘box ticking’ on best practice, UK watchdog tells companies

Hong Kong’s Lam says restoring ‘political system from chaos’ is priority

Former World Bank chief and ‘voice for the poor’ Wolfensohn dies aged 86

Asian shares slip as investors pause for breath after massive rally

U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 0.71%

IKEA investment arm in talks to buy city-centre retail property in big European cities

Vaccine is no shot in the arm yet for emerging markets

Euro zone house prices set for reality check as pandemic bites: ECB

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