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May 6, 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......

Surprise drop in Japan machinery orders stokes recovery fears

Reuters
TOKYO (Reuters) – Japan’s core machinery orders unexpectedly fell the most in about a year in February, government data showed, dashing hopes for a pick-up in capital expenditure needed for a private sector-led recovery from the coronavirus-induced slump. FILE PHOTO: Smoke rises from a factory during the sunset at Keihin......

Samsung Electronics says first-quarter profit likely rose 44%, matching expectations

Reuters
By Joyce Lee, Heekyong Yang SEOUL (Reuters) – Samsung Electronics Co Ltd on Wednesday said first-quarter profit likely rose 44%, with analysts attributing the surge to brisk sales of smartphones and TVs, albeit tempered by a likely fall in chip earnings after a storm halted U.S. output. FILE PHOTO: The......

Samsung Electronics says Q1 profit likely rose 44%, in line with analyst estimate

Reuters
SEOUL, April 7 (Reuters) – Samsung Electronics Co Ltd said on Wednesday first-quarter operating profit likely rose 44% on brisk sales of home appliances, smartphones and television sets, though chip earnings likely fell after a winter storm halted U.S. output. The South Korean technology giant forecast January-March profit of 9.3......

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......

Egypt postpones tender for license to make cigarettes – sources

Reuters
A man smokes a Cleopatra cigarette, produced by Eastern Company SAE, at a cafe in Cairo, Egypt, on October 23, 2018. REUTERS/Mohamed Abd El Ghany/File Photo CAIRO (Reuters) – Egypt’s has postponed a tender for a licence to manufacture conventional and electronic cigarettes, two sources in companies selling tobacco there......

Suez canal ends shipping backlog: statement

Reuters
CAIRO (Reuters) – Suez Canal Authority (SCA) said that all 422 ships stranded by the grounding of the giant container ship Ever Given passed through the canal by Saturday, ending the backlog caused by the blockage. Reporting by Moamen Said Atallah; writing by Mahmoud Mourad; editing by John Stonestreet Source......

Suez Canal shipping backlog to end on Saturday – canal authority

Reuters
CAIRO (Reuters) – The last ships stranded by the grounding of a giant container vessel in the Suez Canal should pass through the waterway on Saturday, according to the canal authority, which said an investigation into the incident would report its findings soon. Osama Rabie, chairman of the Suez Canal......

Suez Canal shipping backlog to end on Saturday – canal authority

Reuters
CAIRO (Reuters) – The last ships stranded by the grounding of a giant container vessel in the Suez Canal should pass through the waterway on Saturday, according to the canal authority, which said an investigation into the incident would report its findings soon. Osama Rabie, chairman of the Suez Canal......

Indonesia recovers cockpit voice recorder of crashed Sriwijaya Air jet

Reuters
FILE PHOTO: A family member of the passenger of Sriwijaya Air flight SJ 182, which crashed into the sea, mourns while visiting the site of the crash to pay their tribute, on the deck of Indonesia’s Naval ship KRI Semarang, at the sea off the Jakarta coast, Indonesia, January 22,......

Shipping restarts at Suez Canal after ship refloated- sources, agency

Reuters
ISMAILIA, Egypt March 29 (Reuters) – Shipping is on the move again in the Suez Canal after a container ship that had blocked the waterway for nearly a week was refloated, two marine sources and a shipping agency said on Monday. A marine source said ships were travelling southwards towards......

Ship swings back across Suez Canal before next tugging attempt, witness and source say

Reuters
A view shows the container ship Ever Given, one of the world’s largest container ships, after it was partially refloated, in Suez Canal, Egypt March 29, 2021. Suez Canal Authority/Handout via REUTERS SUEZ, Egypt (Reuters) – A giant container ship that was jammed across the Suez Canal and has been......

Stellantis pickups hit, Ford cuts production due to global semiconductor shortage

Reuters
FILE PHOTO: Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany. REUTERS/Wolfgang Rattay DETROIT (Reuters) – The impact of the global semiconductor shortage on the auto industry spread on Saturday, as Stellantis said it will partly assemble and later finish its highly profitable Ram pickup......

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,......

Blinken says U.S. weighs pressure, diplomatic options on North Korea

Reuters
By Humeyra Pamuk, Hyonhee Shin South Korean Foreign Minister Chung Eui-yong gestures next to U.S. Secretary of State Antony Blinken before the Foreign and Defense Ministerial meeting between South Korea and U.S. at the Foreign Ministry in Seoul, South Korea, March 18, 2021. Lee Jin-man/Pool via REUTERS SEOUL (Reuters) –......

Picture brightens for commercial EVs on rising demand from delivery customers

Reuters
BANBURY, England (Reuters) – Electric van and bus maker Arrival is wrestling with the global pandemic like other UK firms, but not because of a lack of business. A man stands next to a fully-electric test van, due to go into production in 2022, built by electric van and bus......

European Parliament to seek carbon border levy by 2023

Reuters
FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium, in this file picture taken October 28, 2015. REUTERS/Francois Lenoir BRUSSELS (Reuters) – The European Union should impose carbon border costs on imports of certain industrial products by 2023, the European Parliament said on Tuesday. By......

China’s factory activity growth likely moderated during Feb holiday lull: Reuters poll

Reuters
BEIJING (Reuters) – China’s factory activity likely grew at a slightly slower rate in February as factories closed for the Lunar New Year holiday, a Reuters poll showed, although growth is expected to remain firm, buoyed by an early resumption of production. FILE PHOTO: A worker wearing a face mask......

Saudi defence firm SAMI targets $5 bln annual revenue by 2030

Reuters
DUBAI, Feb 22 (Reuters) – State-owned Saudi Arabian Military Industries (SAMI) aims to generate annual revenue of $5 billion by 2030, its chief executive said on Monday, part of a drive to build more defence equipment inside the kingdom. Saudi Arabia, one of the world’s largest buyers of foreign arms......

GRAPHIC-Take Five: Here comes the bull

Reuters
1/GONG HEI FAT CHOY! It’s the Lunar Year of the Ox. Since the same Chinese character can be used to denote a bull, some investors might see that as a good omen for world markets. Higher bond yields could spoil the party at some point, but for now equity markets......

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