23 June

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Homebuilder Berkeley’s annual profit rises as government incentives spur demand By Reuters

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(Reuters) - British homebuilder Berkeley Group Holdings Plc on Wednesday reported a rise in annual profit spurred by demand for new homes due to supportive government measures during the COVID-19 pandemic. Berkeley, one of the UK's largest housebuilders by market value, said pre-tax profit for the year ended April 30 came in at 518.1 million pounds ($722.13 million), compared with 503.7 million pounds a year earlier. ($1 = 0.7175 pounds) ...

23 June

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Self-driving startup WeRide deepens ties with Nissan, raises $310 million By Reuters

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BEIJING (Reuters) - WeRide, a China-based autonomous driving startup, said on Wednesday that it would deepen development with Nissan Motor on autonomous driving technology for the China market as it raised $310 million at a $3.3 billion valuation. WeRide, led by founder Tony Han, is pursuing what is known in the auto industry as a level 4 autonomous standard, in which the vehicle can handle all aspects of driving in most circumstances with no human intervention. WeRide, which is testing vehicles in California, its headquarters in China's southern city of Guangzhou and the central city of...

23 June

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French drinks firm Pernod Ricard raises 2021 profit forecast By Reuters

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PARIS (Reuters) - Pernod Ricard (PA:PERP) said it now expected organic profit growth of about 16% for its 2020/2021 fiscal year, up from a previous April forecast of 10%, as the French drinks group saw a stronger than expected recovery as COVID-19 curbs are lifted. The owner of Mumm champagne, Absolut vodka and Martell cognac had already told an investor presentation on Tuesday that it was confident about its prospects in Asia, helped by cognac and Scotch whisky demand in China. And Pernod Ricard's third-quarter results, published two months ago, had beaten analysts' expectations....

23 June

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Tech leads tentative rally as Powell soothes markets By Reuters

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By Tom Westbrook SINGAPORE (Reuters) - Stocks found a footing and swinging bond markets calmed down on Wednesday, with testimony from U.S. Federal Reserve chair Jerome Powell providing investors with reassurance that the central bank has an eye on inflation but is not hastening to hike rates. The rates-sensitive Nasdaq index closed at a record high on Tuesday, while tech stocks were bid in Asia - notably in Taiwan where chipmakers helped the benchmark index rise 1%. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.4%. Japan's Nikkei rose 0.3%. The Fed had knocked stocks...

23 June

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Exclusive: Harvard wasn’t pressured over Toshiba, former Japan adviser says By Reuters

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By Ross Kerber and Makiko Yamazaki BOSTON/TOKYO (Reuters) - A former Japanese government adviser said he did not put pressure on Harvard University's endowment fund to influence its voting at Toshiba Corp's contested shareholder meeting last year, and that the fund should "set the record straight". Hiromichi Mizuno, until recently an adviser to the Ministry of Economy, Trade and Industry, was identified by a shareholder-commissioned investigation this month as an important figure in what it said was management collusion with METI to block the influence of foreign shareholders. Mizuno told Reuters he had volunteered to METI...

23 June

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British minister urges same rules for streaming services, broadcasters – Times By Reuters

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(Reuters) - Britain's streaming services and broadcasters should be on a level playing field, as traditional broadcasters now compete with "one hand tied behind their backs", Culture Secretary Oliver Dowden said on Wednesday. Dowden is to unveil plans for a white paper on broadcasting that aims to make streaming services such as Netflix (NASDAQ:NFLX), Amazon (NASDAQ:AMZN) Prime and Disney+ follow the code of British regulator Ofcom, he said in the Times newspaper https:// "Every "linear" broadcaster - BBC, Sky and so on - has to comply with stringent content and audience protection standards," Dowden said...

23 June

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Private equity, rivals enter prelim bids for $6 billion stake in Hanon Systems -newspaper By Reuters

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By Joyce Lee SEOUL (Reuters) - Private equity firms Carlyle Group (NASDAQ:CG) and Bain Capital, auto suppliers Valeo (PA:VLOF) and Mahle were among those that entered non-binding bids to buy a stake in South Korea's Hanon Systems worth 6.6 trillion won ($5.81 billion) as of Tuesday, South Korean media reported. The bidders are looking into acquiring about a 70% stake of auto supplier Hanon Systems on sale by majority shareholder, local private equity firm Hahn & Company, as well as second-largest shareholder Hankook Tire & Technology Co Ltd, newspaper Korea Economic...

23 June

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BOJ policymakers saw prospects of quicker recovery in April – minutes By Reuters

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By Leika Kihara TOKYO (Reuters) - Bank of Japan board members agreed that the massive stimulus measures deployed by advanced nations may help quicken the pace of recovery in the Japanese and global economies, minutes of their April policy-setting meeting showed on Wednesday. The upbeat assessment on the outlook reinforces market expectations that the central bank in the world's third-biggest economy will keep monetary settings unchanged for the time being, in the hope its ultra-loose policy and coronavirus pandemic-relief programmes will sustain a moderate recovery. "There is uncertainty over the pace and effect of coronavirus...

23 June

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Dollar in retreat as Powell says Fed won’t raise rates on ‘fear’ of inflation By Reuters

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By Kevin Buckland TOKYO (Reuters) - The U.S. dollar remained on the back foot against major peers on Wednesday after a two-day drop as U.S. Federal Reserve officials including Chair Jerome Powell reaffirmed that tighter monetary policy was still some way off. The dollar index, which measures the greenback versus six rivals, was at 91.775 in early Asian trading, off a two-month high of 92.408 reached at the end of last week. It has now given up about a third of its sharp gains posted since last Wednesday, when the Fed surprised markets by signalling...

23 June

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People want trusted news, Reuters Institute says By Reuters

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By Guy Faulconbridge LONDON (Reuters) - The coronavirus pandemic stoked hunger for trusted news in a time of global crisis and a clear majority of people want media organisations to be impartial and objective, The Reuters Institute for the Study of Journalism said on Wednesday. Trust in news grew during the pandemic, especially in Western Europe, helping brands with a reputation for reliable reporting, though mistrust was particularly apparent in the polarised media of the United States. A clear majority of people across countries believed news outlets should reflect a range of views and try...

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Homebuilder Berkeley’s annual profit rises as government incentives spur demand By Reuters

Self-driving startup WeRide deepens ties with Nissan, raises $310 million By Reuters

French drinks firm Pernod Ricard raises 2021 profit forecast By Reuters

Tech leads tentative rally as Powell soothes markets By Reuters

Exclusive: Harvard wasn’t pressured over Toshiba, former Japan adviser says By Reuters

British minister urges same rules for streaming services, broadcasters – Times By Reuters

Private equity, rivals enter prelim bids for $6 billion stake in Hanon Systems -newspaper By Reuters

BOJ policymakers saw prospects of quicker recovery in April – minutes By Reuters

Dollar in retreat as Powell says Fed won’t raise rates on ‘fear’ of inflation By Reuters

People want trusted news, Reuters Institute says By Reuters

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