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French business boom eases in August as staffing, price pressures bite -PMI

September 3, 2021 by David Barret Leave a Comment

September 3, 2021 PARIS (Reuters) – French business activity grew in August at its slowest rate in four months as staff shortages and costs pressures worsened, a monthly survey showed on Friday. Data compiler IHS Markit said its final Purchasing Managers’ Index (PMI) for France’s dominant services sector fell in August to 56.3 points from […]

Filed Under: News

Marketmind: Jobs and Japan

September 3, 2021 by David Barret Leave a Comment

September 3, 2021 A look at the day ahead from Karin Strohecker. Today was going to be all about U.S. non-farm payroll numbers – the gauge that might help the Federal Reserve Jerome Powell determine the timing of tapering. That was until Japanese Prime Minister Yoshihide Suga announced he would step down after failing to […]

Filed Under: News

China’s JD.com withdraws sale of unapproved gaming titles -state media

September 3, 2021 by David Barret Leave a Comment

September 3, 2021 BEIJING (Reuters) – China’s JD.com has told sellers that it will withdraw the sale of 87 games including Activision Blizzard Inc’s “Call of Duty” and Nintendo’s “Animal Crossing: New Horizon”, saying they were unapproved titles, local media reported. The company, one of China’s largest e-commerce platforms which also hosts third-party sellers, issued […]

Filed Under: News

European stocks slip ahead of PMI, U.S. jobs data

September 3, 2021 by David Barret Leave a Comment

September 3, 2021 (Corrects index to STOXX 600 in paragraph 2) (Reuters) – European stocks slipped on Friday ahead of U.S. employment data that could influence the Federal Reserve’s policy outlook, while fresh concerns about slowing Chinese growth dented the mood. The pan-European STOXX 600 index was down 0.2% by 0723 GMT but on track […]

Filed Under: News

German climate NGOs take legal action against automakers, Wintershall

September 3, 2021 by David Barret Leave a Comment

September 3, 2021 BERLIN (Reuters) – Greenpeace and German environmental NGO Deutsche Umwelthilfe (DUH) will take legal action against BMW, Daimler’s Mercedes-Benz, Volkswagen and gas and oil firm Wintershall Dea over their impact on climate change, DUH said on Friday. Lawyers Remo Klinger and Roda Verheyen, who represented plaintiffs in a groundbreaking case in May […]

Filed Under: News

Japan’s Yoshihide Suga: return of the one-year premier

September 3, 2021 by David Barret Leave a Comment

September 3, 2021 (Reuters) – Japanese Prime Minister Yoshihide Suga said on Friday he would step down https://ift.tt/2Vb4fPR, setting the stage for a new premier after a one-year tenure marred by an unpopular COVID-19 response and sinking public support. Suga took over after Shinzo Abe resigned last September. Before Abe’s record eight-year tenure, the role […]

Filed Under: News

Japan LDP’s Ishiba says he is ready to take on premier’s job if conditions are right

September 3, 2021 by David Barret Leave a Comment

September 3, 2021 TOKYO (Reuters) – Former Japanese Defence Minister Shigeru Ishiba, who regularly comes in high in lists of lawmakers that voters favour as premier, said on Friday he was ready to serve as prime minister if the conditions and environment are right. Following Prime Minister Yoshihide Suga’s decision earlier in the day to […]

Filed Under: News

SimpliFed serves up $500,000 pre-seed toward infant nutrition support

September 3, 2021 by David Barret Leave a Comment

Feeding babies can take many different forms, and is also an area where parents can feel less supported as they navigate this new milestone in their lives. Enter SimpliFed, an Ithaca, New York-based company providing virtual lactation and a baby feeding support platform. The startup announced Friday that it raised $500,000 in pre-seed funding led […]

Filed Under: News

Zloty set to pace FX gains with rate hike back in sight- Reuters poll

September 3, 2021 by David Barret Leave a Comment

September 3, 2021 By Miroslava Krufova and Jason Hovet PRAGUE (Reuters) – The zloty has further space to climb after a rally this week as chances grow that Poland’s central bank will begin lifting interest rates sooner rather than later, a Reuters poll showed on Friday. The Polish currency has lagged peers in central Europe […]

Filed Under: News

Homebuilder Berkeley warns of construction cost inflation, supply chain issues

September 3, 2021 by David Barret Leave a Comment

September 3, 2021 (Reuters) -UK high-end homebuilder Berkeley Group Holdings Plc said on Friday it was seeing construction cost inflation and was mindful of ongoing supply chain and labour market issues due to Brexit and the pandemic. The warning comes close on the heels of top builder Barratt Developments on Thursday flagging a 4-5% rise […]

Filed Under: News

China’s new stock exchange plans fuel fears of a bourse war

September 3, 2021 by David Barret Leave a Comment

September 3, 2021 SHANGHAI (Reuters) – China’s plans to launch a new exchange in Beijing, announced by President Xi Jinping on Thursday, boosted shares in Chinese brokerages but knocked down Shenzhen start-up board ChiNext and shares of Hong Kong’s bourse amid fears of rising competition. Although China’s securities regulator said the planned Beijing stock exchange […]

Filed Under: News

U.S. has no plans to release billions in Afghan assets, Treasury says

September 3, 2021 by David Barret Leave a Comment

September 3, 2021 By Andrea Shalal and Daphne Psaledakis WASHINGTON (Reuters) – The Biden administration has no plans to release billions in Afghan gold, investments and foreign currency reserves parked in the United States that it froze after the Taliban’s takeover, despite pressure from humanitarian groups and others who say the cost may be the […]

Filed Under: News

Taliban co-founder Baradar to lead new Afghanistan govt – sources

September 3, 2021 by David Barret Leave a Comment

September 3, 2021 (Reuters) – Taliban co-founder Mullah Baradar will lead a new Afghan government that could be announced soon, sources in the Islamist group said on Friday, as it battled rebel fighters while striving to ward off economic collapse. Baradar, who heads the Taliban’s political office, will be joined by Mullah Mohammad Yaqoob, the […]

Filed Under: News

Putin calls for launch of regular cargo shipments via northern sea route next year

September 3, 2021 by David Barret Leave a Comment

September 3, 2021 VLADIVOSTOK, Russia (Reuters) – President Vladimir Putin said on Friday that Russia should start regular container shipments via the Northern Sea Route across its northern flank from Vladivostok to St Petersburg next year. Russia is investing in infrastructure to develop the Northern Sea Route and wants it to become a major shipping […]

Filed Under: News

Zip acquisition of Payflex means Africa is ripe for BNPL disruption

September 3, 2021 by David Barret Leave a Comment

Australian buy now, pay later (BNPL) company Zip this week acquired South Africa-based BNPL player Payflex for an undisclosed amount. It’s a piece of news that once again highlights the hype around BNPL services and the quest for global dominance among the leading players. This year we have covered BNPL services from the likes of […]

Filed Under: News

U.S. grounds Virgin Galactic flights pending mishap probe

September 3, 2021 by David Barret Leave a Comment

September 3, 2021 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 […]

Filed Under: News

New Zealand police kill “extremist” inspired by Islamic State – PM

September 3, 2021 by David Barret Leave a Comment

September 3, 2021 By Praveen Menon WELLINGTON (Reuters) -New Zealand police on Friday shot and killed a “violent extremist” known to the police, Prime Minister Jacinda Ardern said, after he stabbed and wounded at least six people in a supermarket. The attacker, a Sri Lankan national who had been in New Zealand for 10 years, […]

Filed Under: News

Top 25 roundup: No. 4 Ohio State rallies for win at Minnesota

September 3, 2021 by David Barret Leave a Comment

September 3, 2021 In his first career start, C.J. Stroud threw for 294 yards and four second-half touchdowns as No. 4 Ohio State rallied to defeat Minnesota 45-31 on Thursday at Minneapolis in the season opener for each team. Stroud, who had never thrown a collegiate pass, was 13-for-22 with one interception for the Buckeyes, […]

Filed Under: News

Mullah Baradar to lead new Afghanistan government – Taliban sources

September 3, 2021 by David Barret Leave a Comment

September 3, 2021 (Reuters) – Mullah Baradar, the head of the Taliban’s political office, will lead the new government in Afghanistan, at least three sources in the Islamist group said on Friday. Mullah Mohammad Yaqoob, the son of late Taliban founder Mullah Omar, and Sher Mohammad Abbas Stanekzai will take senior positions in the government, […]

Filed Under: News

MLB roundup: Giants end skid, move into tie for NL West lead

September 3, 2021 by David Barret Leave a Comment

September 3, 2021 Darin Ruf broke an eighth-inning tie with a double after video review overturned what would have been the third out and Thairo Estrada followed with a three-run home run as the San Francisco Giants salvaged one win in their four-game series against the visiting Milwaukee Brewers with a 5-1 victory on Thursday […]

Filed Under: News

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