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03 September
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Japan’s Aug service sector activity shrinks at fastest pace since May 2020 – PMI By Reuters

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TOKYO (Reuters) - Japan's services sector activity contracted at the fastest pace in over a year in August as a resurgence of COVID-19 cases dealt a blow to the world's third-largest economy's recovery. Activity and new business inflows shrank at the fastest pace since May last year, with businesses hit by a resurgence of COVID-19 infections and expanded emergency curbs. The final au Jibun Bank Japan Services Purchasing Managers' Index (PMI) plummeted to a seasonally adjusted 42.9 from July's 47.4, worse than a 43.5 flash figure. "Japanese service sector businesses signalled an accelerated deterioration in business...

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03 September
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Dollar near one-month low as payrolls test looms By Reuters

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By Kevin Buckland TOKYO (Reuters) - The dollar sank to its lowest in almost a month against major rivals on Friday, ahead of a crucial U.S. jobs report that could spur the Federal Reserve to an earlier tapering of stimulus. The dollar index, which measures the greenback against six peers, slipped 0.04% to 92.193 after earlier touching 92.189 for the first time since Aug. 5. The euro edged up 0.02% to $1.1878, after hitting the highest since Aug. 4 at $1.1880. The U.S. central bank has made a labour market recovery a condition for paring pandemic-era...

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03 September
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Western Union, MoneyGram resume services to Afghanistan By Reuters

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By Tom Arnold LONDON (Reuters) -Western Union Co and MoneyGram International Inc resumed money-transfer services to Afghanistan on Thursday, moves in line with a U.S. push to allow humanitarian activity to continue after the Taliban's takeover. The pair suspended services in Afghanistan https://www.reuters.com/business/western-union-suspends-services-afghanistan-2021-08-19 more than two weeks ago after the Islamist militia captured Kabul at lightning speed. But an easing of security concerns following the completion of the Taliban's conquest of the country https://www.reuters.com/article/us-afghanistan-conflict-idUSKBN2FY0AR opened the way for the reopening this week of banks, which the money-transfer firms rely on to dispense and collect funds....

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03 September
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Exclusive-Reddit seeks to hire advisers for U.S. IPO -sources By Reuters

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By Anirban Sen (Reuters) -Reddit Inc, the operator of online message boards that became the go-to destination for day traders chasing this year's frenzy for so-called meme stocks, is seeking to hire investment bankers and lawyers for an initial public offering (IPO) in New York, two people familiar with the matter said on Thursday. Reddit was valued at $10 billion in a private fundraising round last month. By the time the IPO takes place early next year, Reddit hopes it will be valued at more than $15 billion, one of the sources said. The sources cautioned...

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03 September
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U.S. grounds Virgin Galactic flights pending mishap probe By Reuters

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By David Shepardson WASHINGTON (Reuters) -The U.S. Federal Aviation Administration (FAA) on Thursday barred Virgin Galactic from flying its SpaceShipTwo until the agency approves its final mishap investigation report from its July flight or determines the issues do not affect public safety. The FAA confirmed on Wednesday it was investigating a deviation in the descent of the flight of the Virgin Galactic rocket plane that carried British billionaire Richard Branson to the edge of space https://www.reuters.com/lifestyle/science/virgin-galactics-branson-ready-space-launch-aboard-rocket-plane-2021-07-11 on July 11. The FAA, responsible for protecting the public during commercial space transportation launch and reentry, said "SpaceShipTwo...

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02 September
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MARKET WRAP: FTSE 100 edges higher, GBP strong, oil rallies, cryptos surge By Investing.com

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Key Points FTSE 100 closing price of 7165, +0.2% Energy names lift FTSE GBP/USD breaks above 1.3800 Cryptocurrencies surge, Cardano breaks $3.00 By Samuel Indyk Investing.com – The FTSE 100 finished higher on Thursday, lifted by a rally in energy names. However, gains were hampered by a number of large-cap companies going ex-dividend, including BHP Group (LON:BHPB). Melrose Industries (LON:MRON) rose to the top of the blue-chip index as the group said trading in the first half of the year had been better than expected, reflecting a strong performance in automotive and powder metallurgy....

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02 September
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Travel Industry Rebound Is Threatened by Airline Hiring Troubles By Bloomberg

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(Bloomberg) -- Missing workers are turning out to be as big a headache for airlines as missing luggage. U.S. carriers hoping to build out flight schedules face headwinds from unfilled jobs and, in the case of Southwest Airlines (NYSE:LUV) Co., a surprising spike in staffing no-shows.   The industry is hiring thousands pilots and flight attendants more than a year after trimming jobs as travel collapsed with the coronavirus pandemic. Reservation agents also are high in demand. But the need -- and the challenge -- is greatest for entry-level jobs like baggage handlers, ticket counter...

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02 September
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Singapore PM wins more defamation suits against bloggers By Reuters

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SINGAPORE (Reuters) - Singapore's high court ordered two bloggers to pay Prime Minister Lee Hsien Loong a combined S$210,000 ($155,994) in damages on Wednesday, over an article about the home of his late father and the city-state's modern-day founder, Lee Kuan Yew. The premier sued writer Rubaashini Shunmuganathan and editor Xu Yuan Chen, also known as Terry Xu, over an August 2019 article on The Online Citizen (TOC) that included references to a Lee family disagreement about what to do with the property. Judge Audrey Lim said the article "impugned Lee's reputation and character" by...

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02 September
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Fashion retailer Truworths’ annual profit rises as lockdown eases By Reuters

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JOHANNESBURG (Reuters) - Fashion retailer Truworths International Ltd reported a 26.8% increase in annual profit on Thursday as COVID-19 lockdown restrictions eased in South Africa. The retailer, which also owns UK-based shoe chain Office, said headline earnings per share, the main profit measure in South Africa, rose to 520.3 cents in the 52 weeks ended June 27 from 410.4 cents in the prior comparable period. South Africa-based Truworths declared a final cash dividend of 118 cents, up from 31 cents in 2020. ...

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02 September
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Carnival Gains on Revealing Next Round of Restart Plans By Investing.com

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By Dhirendra Tripathi Investing.com – Carnival (NYSE:CUK) stock (NYSE:CCL) rose 3% Thursday as the company laid out details of its next round of restarting plans, having put eight of its ships already in operation and with more restarting this month and next. Today’s plans pertain to the November rollout and beyond. The month will see three ships resuming and another two the following month. One of the two, Carnival Conquest, was scheduled to sail off from Miami in October and the other, Carnival Radiance, from Long Beach in November. Carnival Sensation's October restart from Mobile has...

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