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April 15, 2021

Consumer Cyclicals (TRBC level 1)

Heathrow Airport CEO sees patchy international travel this summer

Reuters
LONDON, April 14 (Reuters) – The chief executive of Heathrow Airport, Britain’s busiest airport, said that international travel this summer would be “patchy” as countries worry about the risk of importing COVID-19 variants and their impact on the vaccine. “I think over the summer, we’re going to see quite a......

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......

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......

China’s auto sales surge 75% in March, 12th straight monthly gain

Reuters
Newly manufactured cars are seen at a port in Dalian, Liaoning province, China April 10, 2020. China Daily via REUTERS BEIJING (Reuters) – Auto sales in China surged in March for their 12th consecutive month of gains, as the world’s biggest car market leads the sector’s recovery from the COVID-19......

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......

U.S. Senate parliamentarian says reconciliation can be used to pass legislation

Reuters
FILE PHOTO: U.S. Senate Majority Leader Chuck Schumer (D-NY) touts Senate Democrats legislative accomplishments as he holds a news conference at the U.S. Capitol in Washington, U.S., March 25, 2021. REUTERS/Jonathan Ernst/Pool WASHINGTON (Reuters) – U.S. Senate parliamentarian has issued an opinion that a revised budget resolution may contain budget......

Norwegian Cruise to mandate COVID-19 vaccination for guests and crew

Reuters
April 5 (Reuters) – Cruise operator Norwegian Cruise Line Holdings Ltd said on Monday it would require mandatory vaccinations for guests and crew when it restarts trips from U.S. ports starting July. The company’s announcement follows the U.S. Centers for Disease Control and Prevention’s (CDC) latest guidance last week to......

Kia will cancel two days of production next week in Georgia

Reuters
WASHINGTON, April 2 (Reuters) – Kia Motors said on Friday it will cancel two days of production next week at its assembly plant in the state of Georgia to address supply chain issues. The company said the two days without production will “allow time for the supply chain to stabilize......

Indonesia expands tax breaks for sales of bigger cars

Reuters
JAKARTA, April 2 (Reuters) – Indonesia has expanded its tax breaks on car sales to include more types of vehicles, the country’s finance ministry said, in a bid to accelerate economic recovery and aid its manufacturing industry. “The government sees that stimulus for the middle class has big potential to......

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......

Box Office: Bob Odenkirk’s ‘Nobody’ Debuts to No. 1 as ‘Godzilla vs. Kong’ Roars Overseas – Reuters

Reuters
Box Office: Bob Odenkirk’s ‘Nobody’ Debuts to No. 1 as ‘Godzilla vs. Kong’ Roars Overseas Reuters Source – For more click here To Return to the Main Aggregate News Page – click here Break’n Pics – Click here for Free Stock Photos...

Volkswagen Mexico says plans production cutbacks in March, April

Reuters
FILE PHOTO: A Volkswagen logo is seen at a construction completion event of SAIC Volkswagen MEB electric vehicle plant in Shanghai, China November 8, 2019. REUTERS/Aly Song/File Photo MEXICO CITY (Reuters) – German carmaker Volkswagen said on Friday it plans to adjust some production over the Easter holiday period at......

SEC to review Lordstown Motors’ SPAC deal, vehicle preorders

Reuters
FILE PHOTO: The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst/File Photo SAN FRANCISCO/DETORIT (Reuters) – The U.S. Securities and Exchange Commission has asked Lordstown Motors Corp for information related to its merger with blank-check company......

Volkswagen suspends production in Brazil for 12 days due to COVID

Reuters
FILE PHOTO: A Volkswagen logo is seen at a construction completion event of SAIC Volkswagen MEB electric vehicle plant in Shanghai, China November 8, 2019. REUTERS/Aly Song SAO PAULO (Reuters) – Volkswagen will suspend auto production in Brazil for 12 days as of March 24 due to the worsening COVID-19......

Japanese shares drop as tech losses eclipse gains in cyclicals

Reuters
TOKYO, March 19 (Reuters) – Japanese equities dropped on Friday as heavyweight technology stocks tracked steep overnight declines in U.S. peers after Treasury yields rose, but strong cyclical shares capped falls. The Nikkei share average fell 0.79% to 29,979.35 by 0140 GMT, while the broader Topix slipped 0.3% to 2002.52,......

England removes Portugal from travel red-list, lifts flight ban

Reuters
FILE PHOTO: People queue to enter terminal 2, as tighter rules for international travellers start, at Heathrow Airport, amid the spread of the coronavirus disease (COVID-19) pandemic, London, Britain, January 18, 2021. REUTERS/Henry Nicholls LONDON (Reuters) – Portugal has been removed from England’s travel red-list, Britain’s department for transport said......

Exclusive: Dr. Deborah Birx, former Trump coronavirus coordinator, to join Texas air purifier maker

Reuters
WASHINGTON (Reuters) – Dr. Deborah Birx, the former Trump White House Coronavirus Task Force coordinator, will join ActivePure Technology, a Texas manufacturer that says its products reduce COVID-19 on surfaces and in the air, the company told Reuters. Birx, who was criticized for not standing up to former President Donald......

‘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......

Australia’s Crown Resorts Perth casino chairman resigns

Reuters
March 1 (Reuters) – Australia’s Crown Resorts Ltd said on Monday John Poynton had resigned as the chairman of Crown Perth and as a director of the company. Poynton’s departure is the latest in a string of executive exits at the casino operator after an inquiry accused it of widespread......

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