By Geoffrey Smith Investing.com -- The new year has started with a variation on what’s now an old theme – a U.S. casino operator trying to buy a U.K. bookmaker, desperate to build up its capability in online gambling. The new spin is that the British-based company is driving a harder bargain. Entain (OTC:GMVHY), the owner of Ladbrokes (LON:LCL) and...
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By Peter Nurse Investing.com - U.S. stocks are seen opening higher Monday, continuing last year’s positive momentum as investors look to the rollout of Covid-19 vaccines to promote a broad economic recovery. At 7:05 AM ET (1205 GMT), the Dow Futures contract was up 176 points, or 0.6%, S&P 500 Futures traded 22 points, or 0.6%, higher, and Nasdaq 100 Futures climbed 66...
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BEIJING (Reuters) - China said on Monday it firmly opposes the United States government's behaviour of politicizing trade issues after the New York Stock Exchange began delisting three Chinese telecom firms that Washington says have military ties. Beijing will adopt the necessary measures to safeguard the legal rights of Chinese companies, foreign ministry spokeswoman, Hua Chunying, told a regular news briefing....
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LONDON (Reuters) - Britain's health minister defended the decision for schools to reopen in some areas despite the country's high coronavirus infection rate, saying that the government was following public health advice and that schools in those areas were safe. "It's also clear that the proportion of teachers who catch coronavirus is no higher than the rest of the population," Matt...
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By Tommy Wilkes LONDON - Investors look to have started 2021 looks much like the end of 2020 -- stocks have resumed their ascent as traders cling to hopes for a speedy rollout of COVID-19 vaccines even as a surge in new cases heralds tighter restrictions and economic damage. One big change? The yuan surged 0.8% against the dollar after the People...
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By Heekyong Yang SEOUL (Reuters) - South Korea's Hyundai Motor Co and affiliate Kia Motors Corp on Monday forecast combined global vehicle sales will jump 11.5% in 2021 after sliding for two consecutive years. Their target of 7.08 million vehicles comes after the coronavirus pandemic sent sales last year tumbling 12% to a decade low of 6.35 million vehicles. That result is...
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(Reuters) - Tesla Inc shares were set to open at a record high on Monday after the electric-car maker reported better-than-expected vehicle deliveries in 2020, extending a meteoric rally that has seen the stock surge more than 700%. It delivered 499,550 vehicles last year, above Wall Street estimates of 481,261 vehicles, according to Refinitiv data, but 450 units short of Chief Executive...
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PARIS (Reuters) - The main shareholders in Peugeot owner PSA gave the green light on Monday to the group's merger with Fiat Chrysler (FCA), one of the last steps towards creating the world's fourth largest automaker. At a special shareholder meeting, the deal to form Stellantis, the new company, was backed by more than 99% of the votes cast by investors...
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LONDON (Reuters) - The new variant of the COVID-19 virus identified in South Africa is even more of a risk than the highly infectious UK variant, British Health Secretary Matt Hancock said on Monday, adding that it was a "very significant problem". "I'm incredibly worried about the South African variant, and that's why we took the action that we did to restrict...
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BERLIN (Reuters) - German factories churned out more goods in December despite a stricter lockdown to head off a spike in coronavirus deaths in Europe's largest economy, a survey showed on Monday. IHS Markit's final Purchasing Managers' Index (PMI) for manufacturing, which accounts for about a fifth of the German economy, rose to 58.3 from 57.8 the previous month. The December reading...
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