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April 15, 2021

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China shares end higher as some IT firms pledge against anti-competition

Reuters
* SSEC 0.6%, CSI300 0.8% * HK->Shanghai Connect daily quota used 5.2%, Shanghai->HK daily quota used 0.7% * FTSE China A50 +0.5% BEIJING, April 14 (Reuters) – China shares rose on Wednesday, with IT firms leading the gains, as investors cheered internet platform companies pledging to avoid anti-competitive behaviours after......

English shops and pub gardens reopen in ‘major step’ to freedom

Reuters
LONDON (Reuters) – England’s shops, hairdressers, gyms and pub gardens will reopen on Monday in what Prime Minister Boris Johnson said was a “major step” towards freedom from the restrictions of the COVID-19 pandemic. Hundreds of thousands of businesses have been closed since early January when England entered a third......

After dire year England’s shops hope for end-of-lockdown shopping spree

Reuters
LONDON (Reuters) – After more than three months of enforced closure due to the COVID-19 pandemic, non-essential stores in England reopen their doors on Monday, hoping that the escape from lockdown will fuel a trading boom. FILE PHOTO: A man walks a dog in front of a closed retail unit......

China regulators fine Alibaba $2.75 billion for anti-monopoly violations

Reuters
FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter/File Photo/File Photo SHANGHAI (Reuters) -Chinese regulators have fined Alibaba 18 billion yuan ($2.75 billion) – around 4% of its revenues in 2019 – for violating anti-monopoly rules and abusing its......

Amazon union election in Alabama has 55% voter turnout

Reuters
(Reuters) -Amazon.com Inc’s closely watched union election in Alabama had voter turnout of about 55%, and the public vote tally is expected to begin as early as Thursday afternoon, the Retail, Wholesale and Department Store Union (RWDSU) said in a statement. More than 3,200 mail ballots were received by the......

Swiss luxury watchmakers learn to love the pre-owned market

Reuters
ZURICH, April 7 (Reuters) – Swiss luxury watch brands have long considered the market for pre-owned watches as a potential threat to their business, but now their view is shifting as they see it can provide valuable insights into pricing and demand. Initially seen as cannibalising sales of new watches,......

China’s blue-chip index ends lower as healthcare, consumer stocks slip

Reuters
SHANGHAI, April 6 (Reuters) – China’s blue-chip index retreated on Tuesday, pressured by healthcare and consumer companies, as upbeat economic data raised worries of policy tightening. ** The blue-chip CSI300 index fell 0.4% to 5,140.34, while the Shanghai Composite Index was flat at 3,482.97. ** As of last close, the......

Japan Feb retail sales fall 1.5% year/year – govt

Reuters
TOKYO, March 30 (Reuters) – Japanese retail sales fell 1.5% in February from a year earlier, government data showed on Tuesday. That compared with a median market forecast for a 2.8% decline. To view full tables, go to the website of the Ministry of Economy, Trade and Industry at: here......

Sprawling redevelopment along Athens “riviera” moves step forward

Reuters
FILE PHOTO: An aerial view of the former airport complex of Hellenikon, in Athens, Greece, August 25, 2019. REUTERS/Alkis Konstantinidis ATHENS (Reuters) – Greek lawmakers on Tuesday approved a contract transfering partial ownership of a sprawling former airport site to Greek developer Lamda, bringing one of the country’s biggest urban......

China’s JD.com to invest $800 million in Dada Group

Reuters
FILE PHOTO: A sign of China’s e-commerce company JD.com is seen at its shop at a mall in Shanghai, China October 26, 2018. REUTERS/Aly Song (Reuters) – Chinese e-commerce firm JD.Com said on Monday it will invest $800 million in Dada Group, giving it a 51% stake in the Chinese......

We can get most Germans vaccinated by summer’s end: BioNTech founder

Reuters
BERLIN (Reuters) – The founder of BioNTech, partner with Pfizer in making one of the first coronavirus vaccines to be approved for use, is optimistic that the virus will be under control in most European countries by the end of the summer despite a faltering vaccine roll-out. In Germany, owners......

Nike set to overcome short-term shipping woes, most analysts say

Reuters
(Reuters) – The supply chain hiccups that dented Nike Inc’s third quarter sales are mostly behind them, analysts said on Friday, after executives said the sporting goods giant had adjusted inventories and other areas to avoid a recurrence. FILE PHOTO: The Nike swoosh logo is seen outside the store on......

Fuel demand slump drags down Couche-Tard’s revenue

Reuters
FILE PHOTO: A Couche-Tard convenience store is seen in Montreal, Quebec, Canada January 13, 2021. REUTERS/Christinne Muschi/File Photo (Reuters) – Canadian convenience store operator Alimentation Couche-Tard Inc fell short of third-quarter revenue estimates, as people staying at home led to a steep decline in demand for fuel that overshadowed gains......

China’s antitrust regulators consider levying record fine against Alibaba: WSJ

Reuters
FILE PHOTO: The logo of Alibaba Group is seen at its office in Beijing, China January 5, 2021. REUTERS/Thomas Peter (Reuters) – China’s antitrust regulators are mulling levying a record fine against Alibaba Group Holding Ltd over its anticompetitive behavior, the Wall Street Journal reported on Thursday, citing people familiar......

‘A side of shares’: Deliveroo to offer 50 million pounds of stock to customers

Reuters
LONDON, March 7 (Reuters) – Deliveroo said shares worth 50 million pounds ($69 million) would be earmarked for customers in its upcoming flotation, with the offer branded “Great food with a side of shares”. The Amazon-backed food delivery firm announced plans on Thursday to list in London, with a potential......

Germany charges ex-Steinhoff managers with balance sheet fraud

Reuters
BERLIN (Reuters) – German prosecutors have filed charges against three former managers at South African retailer Steinhoff for balance sheet fraud, three years after the company first revealed holes in its accounts. The Oldenburg prosecutor’s office said on Thursday it had filed charges against the trio for allegedly manipulating the......

Goldman-backed secondhand clothing retailer ThredUp files for IPO

Reuters
(Reuters) – Goldman Sachs-backed secondhand clothing retailer ThredUp Inc made its IPO filing public on Wednesday, disclosing a bigger full-year loss ahead of a market debut. The company, founded in 2009, has processed over 100 million unique secondhand items from 35,000 brands, according to its filing. (bit.ly/2NRElgE) Users download the......

Britain raises contactless limit as COVID accelerates electronic payments

Reuters
LONDON (Reuters) – Britain is more than doubling to 100 pounds the limit on contactless payments made with debit or credit cards, the finance ministry said on Wednesday, as COVID-19 accelerates a shift to electronic payments from cash. The finance ministry said that while legally in force from Wednesday, the......

Emerging Europe.com bolsters defences as Amazon enters Poland

Reuters
WARSAW (Reuters) – As Amazon sets its sights on central and eastern Europe, the e-commerce giant will need to convince long-time Allegro shoppers like Elzbieta Modrakowska to click away from the region’s leading online marketplace. FILE PHOTO: The Allegro website is displayed in this illustration taken October 12, 2020. REUTERS/Dado......

Walmart sweetens pay for most U.S. hourly workers on the coasts

Reuters
CHICAGO (Reuters) – Many Walmart Inc hourly workers will collect bigger paychecks on the U.S. east and west coast markets where the cost of living is higher and competition for labor among retailers is more intense, the company told Reuters on Tuesday. The world’s biggest retailer also said it has......

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