21 April

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Asian stocks fall as virus worries return to haunt markets By Reuters

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By Stanley White TOKYO (Reuters) - Asian shares and U.S. stock futures fell on Wednesday as concern about a resurgence of coronavirus cases in some countries cast doubt on the strength of global growth and demand for crude oil. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6%. Australian stocks dropped 1.25% and shares in China were down 0.46%. Stocks in Tokyo slumped by 1.79% due the growing likelihood that Tokyo, Osaka and surrounding areas will be put on lockdown due to a new wave of coronavirus infections. S&P 500 e-mini stock futures also...

21 April

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SoftBank says Q4 value of investments still being calculated By Reuters

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TOKYO (Reuters) -SoftBank Group Corp said on Wednesday the value of its investments in the quarter ended on March 31 are still being calculated following reports the conglomerate is set to report record earnings for a domestic company. The group is widely expected to report bumper earnings on May 12 after portfolio companies of $100 billion Vision Fund listed during the quarter, mostly driven by an unrealised gain on its stake in South Korean e-commerce giant Coupang. ...

21 April

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TikTok faces claim for billions in London child privacy lawsuit By Reuters

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By Kirstin Ridley LONDON (Reuters) - TikTok, the wildly popular video app, and its Chinese parent ByteDance could face a damages claim worth billions of pounds (dollars) in London's High Court over allegations they illegally harvested the private data of millions of European children. Anne Longfield, the former Children's Commissioner for England and so-called "litigation friend", or public face, of an anoynmous 12-year-old girl leading the class action, said on Wednesday that affected children could receive thousands of pounds each if the claim is successful. Longfield alleged that every child that has used TikTok since May...

21 April

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Home cooking, booze demand fire up global grocery sales in 2020 – report By Reuters

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(Reuters) - The global grocery sector grew a record 10% in 2020, industry data showed on Wednesday, as people stuck at home under COVID-19 restrictions cooked, baked and drank more. Market researcher Kantar said everything from canned meat and beer to sugar and bleaches flew off the shelves, with the United States accounting for the largest chunk of the spending, followed by Western Europe, Latin America, Eastern Europe and Asia. Data for the report was collected from households in 42 countries, representing 66% of the global population and 83% of gross domestic product (GDP), Kantar said. Beverages,...

21 April

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BHP sees full-year iron ore output near upper end of forecast By Reuters

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(Reuters) - BHP Group Ltd said on Wednesday it expects annual iron ore production at the upper end of its forecast, although bad weather and planned maintenance at its South Flank project sent third-quarter output nearly 2% lower. The world's largest listed miner expects overall production of the steelmaking ingredient at the top end of its 245 million tonnes (Mt) to 255 Mt forecast range. Demand from China, the world's top steel producer, remains robust as commodity-intensive stimulus measures targeted by Beijing to boost the pandemic recovery have been powering prices to multi-year highs....

21 April

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Queen Elizabeth marks 95th birthday, days after husband’s funeral By Reuters

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LONDON (Reuters) - Britain's Queen Elizabeth, the world's oldest monarch, turns 95 on Wednesday, but there will be no public celebrations of an occasion that comes just days after she bade a sad farewell to her husband of seven decades at his funeral. Prince Philip, whom Elizabeth married in 1947, died on April 9 at the age of 99. The royals paid their final respects to the family's patriarch at his funeral on Saturday at Windsor Castle. Because of COVID-19 restrictions, the queen sat alone during the sombre service for Philip, who she had described...

21 April

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Exclusive-UNICEF says AstraZeneca supply problems outside India resolved By Reuters

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By Krishna N. Das NEW DELHI (Reuters) - Problems that have delayed AstraZeneca (NASDAQ:AZN) supplies to the COVAX vaccine-sharing facility have been resolved, UNICEF told Reuters on Tuesday, saying it should receive 65 million doses by end-May from manufacturers outside India. The rollout of COVID vaccines has been disrupted by supply shortfalls in many countries, aggravated by a temporary hold on exports of the inoculation made by the Serum Institute of India (SII) as the country battles to contain a surge in infections. "The initial challenges related to release of vaccines due to ramping up a new supply chain and...

21 April

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U.S. files lawsuit against Danske Bank, attorney says By Reuters

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COPENHAGEN (Reuters) - The United States of America and the Federal Retirement Thrift Investment Board (FRTIB) have filed a lawsuit against Danske Bank and its former CEO in the Copenhagen city court, according to the attorney representing the parties. Shares in Danske Bank fell around 8% after the news, which was first reported by the business daily Borsen. The suit is linked to Danske's involvement in a major money laundering scandal, according to Borsen. It said the parties were initially claiming compensation of 10 million Danish crowns ($1.62 million), but that the number could rise...

21 April

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U.S. watchdog will review FAA decision to unground Boeing 737 MAX By Reuters

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By David Shepardson WASHINGTON (Reuters) - The U.S. Transportation Department's Office of Inspector General said on Tuesday it will audit the Federal Aviation Administration's (FAA) November decision to unground the Boeing (NYSE:BA) 737 MAX and other agency decisions. The 737 MAX was grounded in March 2019 after two crashes in Indonesia and Ethiopia within five months killed 346 people. The FAA approved its return to service after significant safety enhancements developed during the plane's 20-month grounding. The new audit will examine the FAA’s actions following the two accidents, including the the agency's risk assessments, the grounding...

21 April

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PM’s press secretary to take on COP 26 climate conference role By Reuters

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LONDON (Reuters) - Allegra Stratton, British Prime Minister Boris Johnson's press secretary, will be his spokeswoman for the COP 26 climate conference, she said on Tuesday. "I am delighted to be starting this new role," Stratton said in a statement. "The COP26 climate conference is a unique opportunity to deliver a cleaner, greener world and I’m looking forward to working with the Prime Minister and (President for COP 26) Alok Sharma to ensure it is a success.’ ...

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News

Asian stocks fall as virus worries return to haunt markets By Reuters

SoftBank says Q4 value of investments still being calculated By Reuters

TikTok faces claim for billions in London child privacy lawsuit By Reuters

Home cooking, booze demand fire up global grocery sales in 2020 – report By Reuters

BHP sees full-year iron ore output near upper end of forecast By Reuters

Queen Elizabeth marks 95th birthday, days after husband’s funeral By Reuters

Exclusive-UNICEF says AstraZeneca supply problems outside India resolved By Reuters

U.S. files lawsuit against Danske Bank, attorney says By Reuters

U.S. watchdog will review FAA decision to unground Boeing 737 MAX By Reuters

PM’s press secretary to take on COP 26 climate conference role By Reuters

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