02 February

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Britain to regulate buy-now pay-later credit after lockdown surge By Reuters

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By Huw Jones LONDON (Reuters) - Britain will introduce rules for buy-now pay-later (BNPL) credit after the unregulated market surged during the coronavirus pandemic lockdown, the UK's finance ministry said on Tuesday. BNPL are interest-free short-term loans that spread the payment for retail goods, and are often used as an alternative to credit cards. "Buy-now-pay-later can be a helpful way to manage...

02 February

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Japan shares higher at close of trade; Nikkei 225 up 0.97% By Investing.com

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Investing.com – Japan equities were higher at the close on Tuesday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors propelled shares higher. At the close in Tokyo, the Nikkei 225 rose 0.97%. The biggest gainers of the session on the Nikkei 225 were Denso Corp. (T:6902), which rose 7.19% or 426.0 points to...

02 February

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BP sinks to first loss in a decade on pandemic hit By Reuters

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By Ron Bousso and Shadia Nasralla LONDON (Reuters) - BP (LON:BP)'s profit in the last quarter of 2020 sunk to $115 million due to weak energy demand and poor trading results, with fuel consumption continuing to slide so far this year due to tightening travel restrictions. On an annual basis, BP plunged to a $5.7 billion loss, its first in...

02 February

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British lockdowns drive acceleration in grocery sales growth By Reuters

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LONDON (Reuters) - The British grocery market saw sales growth accelerate to 12.2% in the latest 12-week period as reintroduced lockdown restrictions to stem the spread of COVID-19 caused people to spend more on food and drink, industry data showed on Tuesday. Market researcher Kantar said the outcome for the 12 weeks to Jan. 24 compared to year-on-year growth of 11.4% in...

02 February

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Biden Warns Myanmar Coup Leaders of Renewed U.S. Sanctions By Bloomberg

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(Bloomberg) -- President Joe Biden said the U.S. could reinstate sanctions on Myanmar if the Southeast Asian country’s military doesn’t “immediately relinquish the power they have seized” in a coup and release activists and officials. “The United States removed sanctions on Burma over the past decade based on progress toward democracy,” Biden said Monday...

02 February

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Former UK finance minister Osborne joins M&A bank Robey Warshaw By Reuters

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LONDON (Reuters) - Former British finance minister George Osborne has taken a top role at boutique investment bank Robey Warshaw, joining a long line of politicians to land lucrative roles in high finance. Osborne was Chancellor of the Exchequer from 2010 to 2016 and a key lieutenant in David Cameron's Conservative government, pushing through policies to reduce Britain's deficit in an austerity...

02 February

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Canada shares higher at close of trade; S&P/TSX Composite up 1.88% By Investing.com

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Investing.com – Canada equities were higher at the close on Monday, as gains in the Energy, IT and Materials sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite added 1.88%. The biggest gainers of the session on the S&P/TSX Composite were Silvercorp Metals Inc (TSX:SVM), which rose 22.67% or 1.87 points to trade at 10.12 at...

02 February

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All eyes on Alphabet’s first-ever disclosure of Google Cloud profit By Reuters

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By Munsif Vengattil and Paresh Dave (Reuters) - Alphabet (NASDAQ:GOOGL) Inc will report the cost and operating profit of its Google Cloud business for the first time on Tuesday, disclosures that are expected to overshadow record overall quarterly sales for the internet's biggest platform for ads. The transparency marks a milestone after years of aggressive investment and comes as the COVID-19 pandemic...

02 February

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An escape to the countryside to drive UK housing activity: Reuters poll By Reuters

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By Jonathan Cable LONDON (Reuters) - British house prices will flatline this year as a property sales tax cut is due to expire and unemployment is expected to rise, according to property market analysts polled by Reuters who said activity would be driven by a desire for more living space. Like much of...

02 February

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Fed policy makers, like lawmakers, split on need for more fiscal aid By Reuters

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By Ann Saphir (Reuters) - As the White House and Congressional Democrats press for a $1.9 trillion pandemic relief package that many Republicans say is more than what the country needs or can afford, Federal Reserve policymakers are also split on the issue. "We are still in the teeth of this pandemic - and we are not out of the woods...

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News

Britain to regulate buy-now pay-later credit after lockdown surge By Reuters

Japan shares higher at close of trade; Nikkei 225 up 0.97% By Investing.com

BP sinks to first loss in a decade on pandemic hit By Reuters

British lockdowns drive acceleration in grocery sales growth By Reuters

Biden Warns Myanmar Coup Leaders of Renewed U.S. Sanctions By Bloomberg

Former UK finance minister Osborne joins M&A bank Robey Warshaw By Reuters

Canada shares higher at close of trade; S&P/TSX Composite up 1.88% By Investing.com

All eyes on Alphabet’s first-ever disclosure of Google Cloud profit By Reuters

An escape to the countryside to drive UK housing activity: Reuters poll By Reuters

Fed policy makers, like lawmakers, split on need for more fiscal aid By Reuters

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