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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 […]

October 1, 2021 By Gwladys Fouche OSLO (Reuters) – The winner of the 2021 Nobel Peace Prize will be announced on Oct. 8 in Oslo. Here is a look at how the award works: WHO CAN WIN? The prize should go to the person “who has done the most or best to advance fellowship among […]

October 1, 2021 The Atlanta Braves and Houston Astros kept alive their division dominance with clinching victories Thursday. The Braves got six strong innings from starter Ian Anderson and home runs from Jorge Soler and Austin Riley to beat the visiting Philadelphia Phillies 5-3, clinching their fourth consecutive National League East championship. The Astros used […]

October 1, 2021 SYDNEY (Reuters) – Qantas Airways Ltd said on Friday it would restart some international flights a month earlier than planned after the Australian government said fully vaccinated Australians could enter and leave the country freely from November. Qantas will operate three weekly return flights between Sydney and London and three weekly return […]

October 1, 2021 SINGAPORE (Reuters) – Distressed debt investors have begun picking up the bonds of embattled developer China Evergrande Group, according to one fund manager and the Financial Times newspaper. With liabilities of $305 billion, Evergrande has sparked concerns its cash crunch could spread through China’s financial system and reverberate globally, a worry that […]

October 1, 2021 SEOUL (Reuters) – South Korean Internet service provider SK Broadband has sued Netflix to pay for costs from increased network traffic and maintenance work because of a surge of viewers to the U.S. firm’s content, an SK spokesperson said on Friday. The move comes after a Seoul court said Netflix should “reasonably” […]

October 1, 2021 By Nora Buli and Gwladys Fouche OSLO (Reuters) – The Nobel Peace Prize will be announced just three weeks before world leaders gather for a climate summit that scientists say could determine the future of the planet, one reason why prize watchers say this could be the year of Greta Thunberg. The […]

October 1, 2021 By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) – Japan’s next Prime Minister Fumio Kishida may have little choice but to sell more government bonds to fund his pandemic-relief package worth hundreds of billions of dollars, even if it scrapes together money left over from previous stimulus programmes. A former foreign minister […]

October 1, 2021 By Gertrude Chavez-Dreyfuss and Saqib Iqbal Ahmed NEW YORK (Reuters) – A grinding rally in the dollar is picking up speed, fueled by a hawkish tilt from the Federal Reserve, rising Treasury yields and concerns over the possibility of a drawn-out battle to raise the U.S. debt ceiling. (https://ift.tt/3FgSA4v) The greenback is […]

October 1, 2021 By Rocky Swift TOKYO (Reuters) – Japan’s Takeda Pharmaceutical Co Ltd said on Friday that “human error” caused metal contaminants to get into Moderna Inc COVID-19 vaccine doses, leading to a recall. Takeda, which imports and distributes the vaccine in Japan, and Moderna said in a new report that a Spanish manufacturer […]

October 1, 2021 By Hyonhee Shin SEOUL (Reuters) – South Korea extended social distancing curbs to combat the coronavirus pandemic on Friday for two weeks, offering more incentives to people to get vaccinated as it battles thousands of new cases each day, particularly in the capital. The rapid resurgence in the greater Seoul area prompted […]

Oyo is ready to explore the public markets. The eight-year-old Indian budget hotel giant has filed the paperworks with the local market regulator for an initial public offering, in which it is seeking to raise about $1.16 billion. The company is seeking to issue new shares worth $940 million (primary) and offer sale of about […]