News

October 1, 2021 By Jamie McGeever ORLANDO, Fla. (Reuters) – Rising bond yields are not always bad news for stocks and other “riskier” assets, but the current spike is giving investors justifiable cause for concern as they enter the fourth quarter. The increase in yields comes against a backdrop of stretched valuations on Wall Street, […]

October 1, 2021 BEIJING (Reuters) – Chairman Mao Zedong’s favoured car brand, Hongqi, or Red Flag, is exporting China-made electric sport-utility vehicles to Norway, as Chinese car companies expand globally. In a statement late on Thursday, Hongqi said it had received 500 orders for its cars in Norway, where it said there were environmentally friendly […]

October 1, 2021 By Miguel Pereira and Borja Suarez LA PALMA, Spain (Reuters) -Residents of Spain’s La Palma were struggling on Thursday to come to terms with the devastation wrought by the Cumbre Vieja volcano, which has been ejecting a destructive cocktail of ash, smoke and lava for more than 10 days. Carmen Rodriguez, who […]

October 1, 2021 By Mike Dolan LONDON (Reuters) – A surging U.S. dollar signals for some the clearest sign of an ebbing money tide and an abrupt slowdown of the world economy over the remainder of 2021 at least. Disruptions from new strains of COVID, severe goods and labour supply bottlenecks, fuel price squeezes, power […]

October 1, 2021 LONDON (Reuters) – British factories in September suffered their weakest month since February when the country was still largely locked down, according to a survey which underscored the impact of supply chain problems and staff shortages for manufacturers. The IHS Markit/CIPS UK Manufacturing Purchasing Managers’ Index fell for a fourth month in […]

October 1, 2021 SINGAPORE (Reuters) – Singapore’s central bank said on Friday it would introduce a digital platform enabling banks to share information on customers and transactions, part of efforts to prevent money laundering and financing of criminal activity. The central bank plans to launch the platform in the first half of 2023. It is […]

October 1, 2021 (Reuters) – Golden State Warriors’ Draymond Green said it is not his place to convince team mate Andrew Wiggins to take a COVID-19 shot and described the debate surrounding vaccinated and unvaccinated players as a “political war”. Reports in the U.S. media said 95% of players in the league have had at […]

October 1, 2021 (Reuters) – Key U.S. jobs numbers on Friday and an OPEC+ meeting on Monday to review oil output as crude prices top $80 dollars a barrel are top of the agenda for markets as 2021 heads into the homestretch following a bumpy Q3 ride. Here are the five stories likely to dominate […]

October 1, 2021 LONDON (Reuters) – Euro zone manufacturing growth remained strong in September but activity took a big hit from supply chain bottlenecks that are likely to persist and keep inflationary pressures high, a survey showed on Friday. Factories have struggled with logistical issues, product shortages and a labour crunch brought about in large […]

October 1, 2021 PARIS (Reuters) – Growth in French manufacturing activity weakened a tad more than initially forecast in September, a survey showed on Friday, as problems over supplies of goods weighed on the sector. Data compiler IHS Markit said its final purchasing managers’ index (PMI) for the French manufacturing sector in September fell to […]

October 1, 2021 ROME (Reuters) – Italy’s manufacturing sector maintained strong growth in September although supply delays and material shortages hampered the sector, a survey showed on Friday. The IHS Markit Purchasing Managers’ Index (PMI) for Italian manufacturing came in at 59.7, down from a multi-year high of 60.9 in August but still far above […]

October 1, 2021 BERLIN (Reuters) – Supply bottlenecks dampened German manufacturing activity in September, a survey showed on Friday, as factories reported a drop in new orders and output constraints. IHS Markit’s Final Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of Germany’s economy, stood at 58.4, slightly lower than a […]

October 1, 2021 (Reuters) – Australia’s Fortescue Metals Group Ltd said on Friday that operations at its Solomon Hub site in Western Australia had restarted after the death of an employee forced the world’s no.4 iron ore miner to halt work on Thursday. (Reporting by Shashwat Awasthi; Editing by Rashmi Aich) Source Link Fortescue resumes […]

October 1, 2021 A look at the day ahead from Saikat Chatterjee. World stocks are set for their third biggest weekly drop this year as supply chain disruptions sweeping across the global economy raise the ugly sceptre of stagflation becoming a major factor for investors in the final quarter of 2021. Consider these two opposing […]

October 1, 2021 By James Davey LONDON (Reuters) – The outcome of a $10 billion six-month battle to buy British supermarket chain Morrisons will be decided in a one-day auction on Saturday overseen by the Takeover Panel. The shoot out will pit U.S. private equity group Clayton, Dubilier and Rice (CD&R), whose 285 pence a […]

Nigeria President Muhammadu Buhari announced on Friday that the ban on Twitter would be lifted, but only if the social media giant met certain conditions. The president disclosed this during his televised broadcast to Nigerians on the country’s 61st Independence anniversary. He acknowledged the fact that Twitter is used to disseminate information. Still, He warned […]

October 1, 2021 BENGALURU (Reuters) – India’s factory activity improved last month as a recovery in the economy from the pandemic-induced slump boosted demand and output, according to a private survey, but firms reduced headcount at the sharpest pace since May. That recovery might continue for at least a few months,supported by ultra-easy monetary policy […]

October 1, 2021 (Reuters) – European stock futures sank over 1% on Friday following Wall Street’s losses overnight, while factory data from Asia underscored worries about slowing economic growth and rising inflation. Futures tracking Europe’s top 50 firms were down 1.3% by 0600 GMT. Among regional markets, UK’s FTSE futures dropped 0.9% and German DAX […]

October 1, 2021 (Reuters) – India’s Tata Sons has been selected as the winning bidder for the debt-laden state-run airline Air India, Bloomberg reported on Friday. A panel of ministers accepted a proposal from officials recommending the salt-to-software conglomerate ahead of an offer from Ajay Singh, promoter of India’s airline operator Spicejet Ltd, the report […]

October 1, 2021 BENGALURU (Reuters) – SoftBank-backed Indian hotel aggregator Oyo filed for an initial public offering on Friday, becoming the first hospitality company to seek a domestic stock listing since 2019. The offering will consist of a fresh issue of shares of up to 70 billion rupees ($942.8 million) and an offer for sale […]