30 June

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Huawei CFO says HSBC emails disprove basis for U.S. extradition claim By Reuters

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By Moira Warburton VANCOUVER (Reuters) - Lawyers fighting the extradition of Huawei's chief financial officer to the United States on Tuesday presented internal emails from British bank HSBC that they said disproved U.S. claims that Huawei misled the bank. CFO Meng Wanzhou's legal team said the emails and documents submitted to a Canadian court showed at least two senior HSBC leaders were aware of connections between Huawei and its Iranian subsidiary, Skycom. HSBC declined to comment. Meng's lawyers are trying to add the documents to evidence. They are meant to counter U.S. charges that...

30 June

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COVID fraud set to cost UK taxpayers tens of billions pounds-report By Reuters

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LONDON (Reuters) - Fraud and error from a loan scheme to help businesses cope with the COVID-19 pandemic could cost the British taxpayer up to 27 billion pounds ($37 billion), on top of some 50 billion pounds a year lost to criminals and mistakes, a report said on Wednesday. The Bounce Back Loan Scheme was launched in May last year to allow banks to quickly lend businesses up to 50,000 pounds with 100% state guarantee to help them cope with losses during national lockdowns. But, the government’s business department (BEIS) estimates that between 35-60% of...

30 June

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UK’s Sunak plans to announce 15 billion stg green savings scheme for public- The Times By Reuters

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(Reuters) - British Finance Minister Rishi Sunak is expected to announce plans for 15 billion pounds ($21 billion) green savings bonds, allowing people to invest in renewable energy projects such as wind and solar power, The Times reported https:// on Wednesday. Two tranches of green bonds are expected to be issued in 2021-22, the first tranche is likely to be worth about 7 billion pounds and will be issued in September, the newspaper said. ($1 = 0.7225 pounds) ...

30 June

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Private Payrolls, Global Taxes, Earnings: 3 Things to Watch By Investing.com

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By Christiana Sciaudone Investing.com -- Nasdaq 100notched another record high Tuesday on strength in chip stocks while banks caught a bullish trade. Markets got a boost from positive Investor sentiment on the economy. Consumer confidence rose in June from the previous month and was stronger than expectations. It was the highest reading since February 2020, right before the pandemic upended the economy. Worries about the highly contagious delta variant weighed on the energy sector, because new lockdowns could stall economic progress. Two days from now, the cartel of major oil producers will meet and are expected to...

30 June

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Acciona targets valuation of $10.5 billion for its energy unit By Reuters

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By Arno Schuetze and Jesús Aguado MADRID (Reuters) - Spain's Acciona is targeting a valuation of 8.8 billion euros ($10.47 billion) for the listing of its renewable energy unit after marketing the deal at the lowest end of its original range, the company said in a statement on Tuesday. Acciona trimmed the price of shares in Acciona Energia, its most profitable unit, to 26.73 euros per share from an initial range of 26.73-29.76 euros, the statement, published on market supervisor CNMV, said, confirming an earlier Reuters report. The offering consists of 49,387,588 shares, or 15% of...

30 June

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World must remove 1 billion tonnes CO2 by 2025 to meet climate goal – report By Reuters

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By Susanna Twidale LONDON (Reuters) - Projects in development will remove only a fraction of the amount of carbon dioxide (CO2) from the air that needs extracting by 2025 to meet the global Paris climate target and avert catastrophic warming, a report said on Wednesday. More than 190 countries have signed the Paris agreement designed to limit global warming to 1.5 degrees Celsius, but even with pledges of big reductions in emissions many scientists believe removal technologies will be needed to meet the goal. “Without action to deliver 1 Gigatonne (Gt) of negative emissions...

30 June

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U.S. Trade Deals Have Added Half a Million Jobs, Agency Says By Bloomberg

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(Bloomberg) -- U.S. free-trade agreements reached over the past 3 1/2 decades have had a “small but positive” effect on the world’s biggest economy, a report by a bipartisan federal agency analyzing trade issues showed. Trade pacts concluded since 1984 raised gross domestic product by $88.8 billion, or 0.5%, and added 485,000 full-time equivalent jobs, the International Trade Commission said in a 390-page report released Tuesday. Job gains weren’t evenly distributed, with the biggest improvements seen for college-educated males, it said. While free-trade agreements “help level the playing field when other markets are less open...

30 June

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S&P 500, Nasdaq Keep Up Record Run as Tech Rides Rally in Chip Stocks By Investing.com

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By Yasin Ebrahim Investing.com – The S&P 500 eked out another record close Tuesday as strength in tech kept the broader market above water after financials ran out of steam despite a strong showing from bank stocks. The S&P 500 rose 0.02% to an all-time closing high of 4,291.80. The Dow Jones Industrial Average gained 0.03%, or 9 points, and the Nasdaq Composite was up 0.19% to a record of 14,528.33. Technology stocks continued to dominate direction, with chip stocks leading them higher. The iShares PHLX Semiconductor ETF (NASDAQ:SOXX) hit a record high, powered by Skyworks...

30 June

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EU opens in-depth study of IAG planned purchase of Air Europa By Reuters

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BRUSSELS (Reuters) - The European Commission said on Tuesday it had opened an in-depth investigation into International Airlines Group (LON:ICAG)'s planned purchase of Spain's Air Europa. The Commission, which oversees EU antitrust policy, said it had concerns that the proposed transaction would reduce competition for Spanish domestic routes and on international routes to and from Spain. The EU executive said it had 90 working days until Nov. 5 to take a decision and that the airlines had decided not to submit potential remedies during the initial investigation. "IAG, which flies with Iberia and Vueling among others,...

29 June

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U.S. Housing Prices Jump the Most in More Than Three Decades By Bloomberg

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(Bloomberg) -- U.S. home prices jumped the most in more than 30 years in April. Nationally, the S&P CoreLogic Case-Shiller index of property values climbed 14.6% from a year earlier, the biggest gain in data going back to 1988. That came after 13.2% increase in March, and was the 11th straight month that price gains accelerated. Home prices in 20 U.S. cities, meanwhile, jumped 14.9%, beating the median estimate in a survey of Bloomberg economists and was the biggest gain since 2005. “April’s performance was truly extraordinary,” said Craig J. Lazzara, global head of index investment...

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Huawei CFO says HSBC emails disprove basis for U.S. extradition claim By Reuters

COVID fraud set to cost UK taxpayers tens of billions pounds-report By Reuters

UK’s Sunak plans to announce 15 billion stg green savings scheme for public- The Times By Reuters

Private Payrolls, Global Taxes, Earnings: 3 Things to Watch By Investing.com

Acciona targets valuation of $10.5 billion for its energy unit By Reuters

World must remove 1 billion tonnes CO2 by 2025 to meet climate goal – report By Reuters

U.S. Trade Deals Have Added Half a Million Jobs, Agency Says By Bloomberg

S&P 500, Nasdaq Keep Up Record Run as Tech Rides Rally in Chip Stocks By Investing.com

EU opens in-depth study of IAG planned purchase of Air Europa By Reuters

U.S. Housing Prices Jump the Most in More Than Three Decades By Bloomberg

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