02 June

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Publisher Bloomsbury sets special dividend as lockdown reading boosts earnings By Reuters

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(Reuters) - London-based Bloomsbury Publishing declared a special dividend and posted a 22% surge in annual earnings on Wednesday, as people turned to books during COVID-19 lockdowns. The Harry Potter publisher, which also expects current-year results to be ahead of market estimates, said profit before taxation and highlighted items rose to 19.2 million pounds ($27.17 million) in the 12 months to Feb. 28 from 15.7 million pounds a year earlier. ($1 = 0.7066 pounds) ...

02 June

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China holds economic talks with second top U.S. official in a week By Reuters

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BEIJING (Reuters) - Chinese Vice Premier Liu He exchanged views with U.S. Treasury Secretary Janet Yellen on issues of mutual "concern", in his second virtual call in a week with top economic and trade officials under the U.S. Biden administration. Liu, who has led China's negotiations in Sino-U.S. trade talks since former U.S. President Donald Trump went on a trade war with Beijing, held a similarly "candid" exchange with U.S. Trade Representative Katherine Tai on May 26. China's increased engagement between the trade and economic chiefs of the world's largest economy, since Joe Biden...

02 June

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Asian shares tick up U.S. data bolsters reopening hopes By Reuters

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By Andrew Galbraith SHANGHAI (Reuters) - Asian shares edged up to near three-month highs on Wednesday and global equities held steady near a record as data showing higher U.S. manufacturing activity in May cheered investors looking for signs of a continued rebound in the world's largest economy. U.S. manufacturing activity rose in May, the Institute for Supply Management (ISM) said on Tuesday, as pent-up demand boosted orders in a reopening economy, even as unfinished work piled up because of shortages of raw materials and labour. Investors will be watching U.S. jobs data due Friday for clues...

02 June

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Peru’s Castillo has copper tax deals in his sights; Chinese firms at risk By Reuters

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By Marco Aquino LIMA (Reuters) - Peru's presidential front-runner is taking aim at copper mining firms' coveted tax stability agreements that freeze tariffs, and the plan could have an outsized impact on Chinese miners in the world's No. 2 producer of the red metal. Socialist candidate Pedro Castillo, the narrow favorite to win Sunday's run-off vote, has proposed new royalties on mineral sales and has floated a plan to renegotiate long-standing tax deals struck under previous governments. A teacher who was a shock winner in the first round vote, Castillo has accused mining firms of...

02 June

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Japan may see inflation perk up in post-COVID era, says BOJ board member By Reuters

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By Leika Kihara TOKYO (Reuters) - A post-coronavirus pandemic world could offer an opportunity for Japanese firms to raise prices and help the central bank achieve its 2% inflation target, Bank of Japan board member Seiji Adachi said on Wednesday. While restaurants and hotels may need to continue shouldering the cost of steps to prevent the spread of the virus, consumers may become more willing to pay more for value-added services, Adachi said in a speech. "This could offer firms a chance to charge more for higher quality services," said Adachi, a former market economist. "A...

02 June

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Analysis: China’s banks are bursting with dollars, and that’s a worry By Reuters

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By Winni Zhou and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) - A mountain of dollars on deposit in China has grown so large that banks are struggling to loan the currency and traders say it poses a risk to official efforts to control a fast-rising yuan. Boosted by surging export receipts and investment flows, the value of foreign cash deposits in China's banks leapt above $1 trillion for the first time in April, official data shows A previous jump, late in 2017, preceded heavy dollar selling which turbocharged a steep yuan rally in early 2018. Market participants say...

02 June

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Japan says TPP members agree to start process for Britain to join: Bloomberg By Reuters

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(Reuters) - Japan's economy minister Yasutoshi Nishimura said that member nations of a Pacific regional trade deal, the Trans-Pacific Partnership (TPP), agreed on Wednesday to allow Britain to begin the process to join, Bloomberg reported https://bloom.bg/2RUtZi5. Britain made its formal application to join the Comprehensive and Progressive (NYSE:PGR) Agreement for Trans-Pacific Partnership (CPTPP) in February, according to the report. ...

02 June

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Vail Resorts Hits Record as Deutsche Sees Pent-Up Demand By Investing.com

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By Christiana Sciaudone Investing.com -- Vail Resorts (NYSE:MTN) rose close to 2% to a record after getting called a buy idea at Deutsche Bank (DE:DBKGn). Demand for the mountain is pent-up, consumers are rolling in it and that should lead to explosive growth. "We see MTN as being well positioned to tap into both of these themes, particularly since destination visitation to its western U.S. resorts (and Whistler) was subdued during the 2020-'21 ski season but appears poised to rebound strongly as Covid trends in the U.S. continue to trend lower,"...

02 June

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Japan to donate additional $800 million, vaccines to WHO’s COVAX body: media By Reuters

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TOKYO (Reuters) - Japanese Prime Minister Yoshihide Suga is planning to pledge an additional $800 million to the World Health Organisation's COVAX programme, which provides COVID-19 vaccines to countries in need, the Mainichi newspaper reported on Wednesday. Japan has already pledged $200 million to COVAX, and the country is expected to announce donations of vaccine doses to the programme, the newspaper said without citing a source. Suga will serve as host for an online COVAX summit on Wednesday, which will also be attended by United States Vice President Kamala Harris, philanthropist Bill Gates, and...

02 June

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Abbott Slumps As Falling Covid Cases Reduce Demand For Tests By Investing.com

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By Dhirendra Tripathi Investing – Shares of Abbott Laboratories (NYSE:ABT) fell more than 8% Tuesday as a falling number of Covid-19 cases has reduced demand for its testing-related business, forcing it to lower its full-year guidance. Abbott President and Chief Executive Officer Robert B. Ford said there has been a rapid decline in demand for its testing services, and since they anticipate the trend to continue, they are now revising their guidance. Full-year diluted earnings per share under GAAP are now seen at $2.75 to $2.95. These were expected to be...

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Publisher Bloomsbury sets special dividend as lockdown reading boosts earnings By Reuters

China holds economic talks with second top U.S. official in a week By Reuters

Asian shares tick up U.S. data bolsters reopening hopes By Reuters

Peru’s Castillo has copper tax deals in his sights; Chinese firms at risk By Reuters

Japan may see inflation perk up in post-COVID era, says BOJ board member By Reuters

Analysis: China’s banks are bursting with dollars, and that’s a worry By Reuters

Japan says TPP members agree to start process for Britain to join: Bloomberg By Reuters

Vail Resorts Hits Record as Deutsche Sees Pent-Up Demand By Investing.com

Japan to donate additional $800 million, vaccines to WHO’s COVAX body: media By Reuters

Abbott Slumps As Falling Covid Cases Reduce Demand For Tests By Investing.com

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