17 August

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Investors raise cash holdings, see limited equity upside – BoFA survey By Reuters

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By Saikat Chatterjee LONDON (Reuters) -European investors raised their cash holdings to the highest in a year, while an overwhelming majority expect only single-digit upside to equities as Europe's economic outlook cools, a survey by investment bank BofA Securities showed on Tuesday. Less than half of respondents in the bank's monthly fund manager survey expect the European economy to further improve over the next 12 months, marking the lowest proportion since last June and a steep drop from July. Cooling growth expectations are mainly due to COVID concerns, with 19% of investors citing the Delta variant...

17 August

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Now in charge, Tunisian president faces looming fiscal crisis By Reuters

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By Tarek Amara and Angus McDowall TUNIS (Reuters) - At the Sidi Bahri market in Tunis, shoppers were pleased with the president's attacks on corruption and high prices since he seized control of the government last month in moves his foes called a coup. President Kais Saied has criticised Tunisia's economic policy, urged traders to charge less for food and medicine and accused unnamed businessmen of stealing billions of dollars while police are investigating corruption in state industry. "The citizen feels reassured and prices have gone down in everything," said Azza Belwaer, a 36-year-old...

17 August

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BHP to sell oil and gas business to Woodside By Reuters

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(Reuters) - BHP Group said on Tuesday it would sell its petroleum assets to Woodside Petroleum in an all-stock deal as the world's biggest listed miner posted its best annual profit in nearly a decade. ...

17 August

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EV startups hunt for low-cost roads to mass production By Reuters

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By Nick Carey and Ben Klayman BICESTER, England (Reuters) - Electric car and van startups racing to become the next Tesla Inc all want to avoid Elon Musk's journey through "manufacturing hell." But electric vehicle firms such as UK van company Arrival SA and Fisker Inc are taking very different roads to overcome the challenges of profitable mass production that almost broke Tesla. A few have found investors willing to hand over billions to fund their journey. Rivian has raised around $10.5 billion from Amazon.com Inc (NASDAQ:AMZN), Ford Motor (NYSE:F) Co and others as it...

17 August

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European stocks hit one-week low on virus worries By Reuters

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(Reuters) - European stocks sank to their lowest in a week on Tuesday as a spike in COVID-19 cases in Asia and elsewhere raised fears of a slowdown in global economic growth. The pan-European STOXX 600 shed 0.5% by 0710 GMT, falling for a second straight session after the index marked its longest winning streak in over a decade. Tighter scrutiny of China's internet sector, nationwide lockdown in New Zealand and movement restrictions in several Asian countries kept investors on edge even as European economies continued to recover from the pandemic-driven downturn. Dutch tech firm Prosus,...

17 August

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World’s Third-Busiest Port Remains Partially Shut in China By Bloomberg

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(Bloomberg) -- China’s Ningbo-Zhoushan container port, the world’s third-busiest, remained partially closed for a sixth day Monday, amid ongoing concern over whether the shutdown will disrupt trade from the region longer term. The port hasn’t published any updates on its operations since Wednesday, when it halted all inbound and outbound container services at its Meishan terminal after one employee tested positive for Covid-19. Consultant GardaWorld estimated the terminal accounted for about 25% of container cargo through the port, though Ningbo-Zhoushan had said it would redirect ships to other terminals and adjust operating hours at other...

17 August

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Tesla-Loving Norwegians Refuse to Cut Their Oil Addiction By Bloomberg

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(Bloomberg) -- Norwegians own more electric cars per capita than anyone else on the planet. But their obsession with Teslas has done little to persuade the nation that there’s a future without oil. According to a weekend poll, 55% of voters in western Europe’s biggest oil producer want exploration to continue. The results come as Norway prepares for general elections next month, with oil policy once again set to be high on the agenda. Norway Parties Brace for Oil Showdown as UN Report Fuels Debate The conservative government says Norway should explore for oil as...

17 August

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Taliban Victorious, Chinese Economy Slows, Oil Falls – What’s Moving Markets By Investing.com

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By Geoffrey Smith Investing.com -- The Taliban has taken control of the Afghan capital Kabul amid a chaotic evacuation of remaining westerners. The Chinese economy is slowing down due to the clampdown on localized outbreaks of Covid-19 across the country. That's also hitting oil prices. And U.S. stocks are set to open lower amid reports of the Federal Reserve plotting a speedy exit from asset purchases. Here's what you need to know in financial markets on Monday, 16 August. 1. Taliban overruns Kabul The Taliban recaptured the Afghan capital of Kabul, 20 years after being driven...

17 August

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Six injured as self-driving Tesla crashes in school car park in Southern England – Telegraph By Reuters

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(Reuters) - Five children and an adult were taken to hospital with injuries after a self-driving Tesla Inc Model 3 crashed in a school car park in southern England on Monday evening, the Telegraph reported. At least one person was reported to have been pinned under the electric car in a car park of a college in Sussex, the report said https:// adding that exact number was not clear. The National Health Service's South East Coast Ambulance Service said https:// one person was in critical condition and three others suffered potentially serious injuries. ...

17 August

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UK government launches strategy for low-carbon hydrogen production By Reuters

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LONDON (Reuters) - The British government launched a strategy on Tuesday to meet its goal of 5 gigawatts of low-carbon hydrogen production by 2030 to replace natural gas in powering around three million homes, as well as industry and transport. The government aims to replace gas with "green" hydrogen, made through electrolysis powered by renewable energy to split water into hydrogen and oxygen, as well as "blue" hydrogen, which is made from natural gas and steam. Unlike green hydrogen, blue hydrogen is not emissions-free, but the carbon emissions are captured, stored and used in other applications....

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Investors raise cash holdings, see limited equity upside – BoFA survey By Reuters

Now in charge, Tunisian president faces looming fiscal crisis By Reuters

BHP to sell oil and gas business to Woodside By Reuters

EV startups hunt for low-cost roads to mass production By Reuters

European stocks hit one-week low on virus worries By Reuters

World’s Third-Busiest Port Remains Partially Shut in China By Bloomberg

Tesla-Loving Norwegians Refuse to Cut Their Oil Addiction By Bloomberg

Taliban Victorious, Chinese Economy Slows, Oil Falls – What’s Moving Markets By Investing.com

Six injured as self-driving Tesla crashes in school car park in Southern England – Telegraph By Reuters

UK government launches strategy for low-carbon hydrogen production By Reuters

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