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March 4, 2021

Industrials (TRBC level 1)

U.S. Senate to begin debating COVID-19 bill this week -Schumer

Reuters
FILE PHOTO: U.S. Senate Majority Leader Chuck Schumer (D-NY) speaks to reporters in The Senate Reception Room during the second day of Trump’s second impeachment trial in Washington, U.S., February 10, 2021. Brandon Bell/Pool via REUTERS WASHINGTON (Reuters) – The U.S. Senate will begin debating President Joe Biden’s $1.9 trillion......

SoftBank announces settlement with former WeWork CEO Neumann

Reuters
Feb 26 (Reuters) – SoftBank Group Corp said on Friday it had reached a settlement with WeWork’s special committee and the company’s co-founder and former chief executive, Adam Neumann, putting to rest a legal battle dating back to 2019. SoftBank, the new owner of the office-sharing firm, did not disclose......

Airline CEOs urge White House support for greener aviation fuel

Reuters
By David Shepardson, Tracy Rucinski FILE PHOTO: Delta Air Lines passenger planes are seen parked at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama, U.S. March 25, 2020. REUTERS/Elijah Nouvelage WASHINGTON (Reuters) – The CEOs of American Airlines, United Airlines and Delta Air Lines and other airline officials met virtually with White......

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......

UPDATE 1-Former Bank of England Governor Carney joins board of digital payments company Stripe

Reuters
(Updates with Carney’s statement) Feb 21 (Reuters) – Mark Carney, former head of the UK and Canadian central banks, has joined the board of U.S. digital payments company Stripe Inc, days after the company was reported to be planning a primary funding round valuing it at over $100 billion. “Regulated......

Cyprus adopts colour-coding for March opening of airports

Reuters
NICOSIA, Feb 17 (Reuters) – Cyprus plans to reopen its airports with a colour-coded health risk assessment from March 1, applicable to travellers from its main tourism markets and the European Union, authorities said on Wednesday. The Mediterranean island has adopted a traffic light system for EU member states and......

Science in ascendancy over COVID-19, says UK’s Johnson

Reuters
Britain’s Prime Minister Boris Johnson gives thumbs up during a visit to a coronavirus vaccination centre at the Health and Well-being Centre in Orpington, South-East of London, Britain February 15, 2021. Jeremy Selwyn/Pool via REUTERS LONDON (Reuters) – Science is in the ascendancy over the coronavirus, Prime Minister Boris Johnson......

UK records 258 new COVID deaths, 10,972 more infections

Reuters
FILE PHOTO: A person walks past the entrance to a testing site, amid the coronavirus disease (COVID-19) pandemic, in London, Britain, January 21, 2021. REUTERS/Hannah McKay LONDON (Reuters) – Britain reported 258 new deaths within 28 days of a positive COVID-19 test and 10,972 new infections, official data showed on......

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......

UK economy suffers record 9.9% slump in 2020

Reuters
FILE PHOTO: People shop at market stalls, with skyscrapers of the CIty of London financial district seen behind, amid the coronavirus disease (COVID-19) pandemic, in London, Britain, January 15, 2021. REUTERS/Toby Melville/File Photo LONDON (Reuters) – Britain’s coronavirus-ravaged economy shrank 9.9% in 2020, the biggest annual fall in output since......

UK economy suffers record 9.9% slump in 2020

Reuters
By David Milliken, William Schomberg LONDON (Reuters) – Britain’s coronavirus-ravaged economy shrank 9.9% in 2020, the biggest annual fall in output since modern records began, but it avoided heading back towards recession at the end of last year, official figures showed on Friday. FILE PHOTO: People shop at market stalls,......

Toshiba’s Q3 profit doubles, extraordinary meeting set for March 18

Reuters
FILE PHOTO: The logo of Toshiba is seen as a shareholder arrives at Toshiba’s extraordinary shareholders meeting in Chiba, Japan March 30, 2017. REUTERS/Toru Hanai TOKYO (Reuters) – Toshiba Corp on Friday reported a 99.6% jump in third-quarter operating profit, boosted by strong demand for power management chips amid a......

Profits aside, GM’s EV plans are driving a now-rising stock

Reuters
DETROIT (Reuters) – General Motors Co is expected to report a healthy fourth-quarter profit on Wednesday thanks to strong demand for gas-burning pickup trucks and SUVs, but the company’s future electric vehicles are now driving the stock, shareholders and analysts said. Since November, when Chief Executive Mary Barra outlined plans......

Portugal’s Millennium bcp wants longer loan repayments freeze for tourism sector

Reuters
LISBON, Feb 9 (Reuters) – Portugal’s largest listed bank Millennium bcp wants the government to extend the loan repayments freeze for pandemic-hit tourism companies beyond September if the health crisis has not been overcome by then, Chief Executive Officer Miguel Maya said. He told a webinar on saving Portugal’s vital......

Britain wants to resolve post-Brexit N.Ireland trade issues quickly

Reuters
LONDON, Feb 9 (Reuters) – Britain wants to resolve what it describes as issues with an agreement for post-Brexit trade with its province of Northern Ireland as quickly as possible with the European Union, a spokesman for Prime Minister Boris Johnson said on Tuesday. Michael Gove, in charge of implementing......

Apple says Wistron due to restart violence-hit India factory

Reuters
Men wearing protective face masks walk past broken windows of a facility run by Wistron Corp, a Taiwanese contract manufacturer for Apple, in Narsapura near the southern city of Bengaluru, India, December 14, 2020. REUTERS/Stringer/File Photo NEW DELHI (Reuters) – Apple on Tuesday said Wistron had begun the process of......

French border curbs halve air passenger numbers in a week – minister

Reuters
PARIS, Feb 7 (Reuters) – Border restrictions introduced by France to curb the spread of coronavirus variants have halved air passenger numbers in the past week, the transport minister said on Sunday, defending the government’s avoidance of a new lockdown. The French government has so far resisted calls from health......

Ford Motor terminates electric vehicle plans with China’s Zotye

Reuters
SHANGHAI (Reuters) – Ford Motor has decided to terminate plans to launch electric vehicle joint ventures with China’s Zotye Automobile it said on Thursday. It said that China’s electric vehicle industry and government policies had undergone major changes since the agreements were signed in 2017 and 2018, prompting Ford’s decision.......

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