Category: Europe

Reuters S&P 500 slips as tech stocks pull market lower The S&P 500 closed lower on Wednesday, unable to halt the prior day’s selloff, as investors set aside optimism about the economic recovery by Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen. The remarks by the top two U.S. economic officials mirrored what […]

Bloomberg BlackRock Grows Wary of Brazil Stocks as Pandemic Takes Toll (Bloomberg) — BlackRock Inc. has turned more cautious on Brazilian stocks amid increased risks to the recovery of Latin America’s biggest economy.The world’s largest money manager became underweight Brazil earlier this year and is getting more selective, according to Ed Kuczma, who manages $ […]

Bloomberg EU Tightens Vaccine Rules; Merkel Scraps Lockdown: Virus Update (Bloomberg) — The European Union will give itself stronger powers to stop Covid vaccine exports, setting the stage for an escalation of tensions with allies and manufacturers as it faces a third wave of infections.Poland reported record new cases, while German Chancellor Angela Merkel dropped […]

SmarterAnalyst Intel To Set Up 2 Factories In Arizona; Shares jump 6.6% Post-Market Intel has announced a major expansion in Arizona where the company will invest about $ 20 billion and set up 2 factories. Intel shares were up about 6.6% in Tuesday’s extended trading session. The plants will enhance Intel’s (INTC) semiconductor manufacturing capacity […]

Benzinga The Dow Jones Plunged Today. Here’s Why. U.S. indices at large were trading lower as investors weigh comments from Fed Chair Powell and Treasury Secretary Yellen, as well as recent lockdown measures in Europe. The SPDR Dow Jones Industrial Average ETF Trust (NASDAQ: DIA) traded as low as $ 323.45 Tuesday before ending the […]

Benzinga TSMC, BYD, Komatsu, Surface Oncology And 3D Systems — What Cathie Wood’s Ark Bought And Sold Today Every night, Cathie Wood’s Ark Investment Management sends out an email listing the stocks that were bought or sold by the firm’s ETFs that day. In recent months, the emails have been known to cause certain stocks […]

A protester wearing a mask holds a placard at Plaza de la Constitucion square during the demonstration in Malaga, Spain. Employees from S.O.S Souvenirs association who work in tourists souvenir stores, demand that the Spanish government ensures the survival of this industry. Photo: Jesus Merida/SOPA/LightRocket via Getty Here are the top business, market, and economic […]

An empty high street 07:17 AM Inflation slips Good morning. The rate of Consumer Price Index inflation fell to 0.4pc in February from 0.7pc in January, the Office for National Statistics said this morning, defying expectations of a rise. Elsewhere the FTSE is tipped to open 0.65pc lower following falls on Wall Street and Asian […]

Bloomberg Bitcoin ‘Far Too Costly’ in Norway Where Cashlessness Rules (Bloomberg) — Norway recently emerged as the world’s most cashless society, but its central bank governor says people shouldn’t start turning to Bitcoin as an alternative.Oystein Olsen, the governor of Norges Bank in Oslo, says it’s inconceivable that Bitcoin — the most popular cryptocurrency — […]

Bloomberg Canada’s Billionaire Westons Reshuffle Empire, Tighten Control (Bloomberg) — Canada’s billionaire Weston family is shaking up its empire, selling a historic bakery division it failed to scale up and bringing heir Galen G. Weston back at the helm of the country’s largest grocery chain.George Weston Ltd. is selling Weston Foods, cutting off a business […]

Bloomberg Canada’s Billionaire Westons Reshuffle Empire, Tighten Control (Bloomberg) — Canada’s billionaire Weston family is shaking up its empire, selling a historic bakery division it failed to scale up and bringing heir Galen G. Weston back at the helm of the country’s largest grocery chain.George Weston Ltd. is selling Weston Foods, cutting off a business […]

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * England to introduce fine on travel abroad * Volvo slumps as chip shortage to hit production * Germany tightens restrictions during Easter (Adds comments, updates prices throughout) By Sruthi Shankar and Shreyashi Sanyal […]

Bloomberg Market Timers in S&P 500 Pay a High Price for Perfect Prescience (Bloomberg) — About $ 22 trillion of wealth was created in U.S. stocks, roughly the country’s total annual output. An exchange-traded fund tracking the airline industry has more than doubled. At least 45 companies in the S&P 500 have surged by more […]

British Airways The owner of British Airways has mortgaged slots at Heathrow and Gatwick airports to secure $ 1.8bn (£1.3bn) of funding as experts warn airline revenues this year will be even worse than previously expected. IAG, the FTSE 100 group that also owns Aer Lingus and Spain’s Iberia, pledged the take-off and landing slots […]

The Fiscal Times What the Top 1% Are Hiding From the IRS Tax evasion among the wealthiest Americans is more substantial than previously estimated, according to a new paper published by the National Bureau of Economic Research. The analysis by a team of academic and federal researchers finds that the top 1% of taxpayers fail […]

The Fiscal Times What the Top 1% Are Hiding From the IRS Tax evasion among the wealthiest Americans is more substantial than previously estimated, according to a new paper published by the National Bureau of Economic Research. The analysis by a team of academic and federal researchers finds that the top 1% of taxpayers fail […]

Hong Kong Financial Markets (Copyright 2021 The Associated Press. All rights reserved.) European stock markets opened lower on Tuesday following falls Asian markets after the EU, UK, US and Canada announced sanctions against four Chinese officials accused of abusing ethnic minorities. In early trading, the FTSE 100 lost 0.5 per cent to 6,690.61 before recovering […]

German Chancellor Angela Merkel said her country was in a ‘very serious situation’ as leaders agreed a one month extension to national restrictions. Photo: Michael Kappeler/Pool Photo via AP European stocks fell on Tuesday morning as rising concerns about a COVID-19 third wave and growing international tensions with China combined to prompt a move to […]

Globe Newswire Campine year results 2020: 2020: Resilience in the 2nd year-half As most manufacturing companies, Campine did not escape the impact of the worldwide Corona pandemic in 2020. By focusing on essential activities, seizing some alternative sales opportunities and a good performance in the 2nd year-half, Campine was able to close the year with […]

Bloomberg Fight Between Commodities Giants and Shippers Leaves Seafarers Stuck (Bloomberg) — A standoff between commodities giants and shipping companies is prolonging the labor crisis at sea, with an estimated 200,000 seafarers still stuck on their vessels beyond the expiration of their contracts and past the requirements of globally accepted safety standards. In an effort […]