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April 14, 2021

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IMF says Japan’s economy can weather change of plan in Olympics

Reuters
TOKYO (Reuters) -Cancelling or postponing the Tokyo Olympics Games probably will not hurt Japan’s economy much, but may require the government to offer targeted support for hard-hit small firms, a senior International Monetary Fund official said. FILE PHOTO: The giant Olympic rings are silhouetted in the sunset, amid the coronavirus......

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......

Toshiba shares surge on imminent CEO resignation, bidding war expectations

Reuters
TOKYO (Reuters) – Shares in Japan’s Toshiba Corp surged on Wednesday, propelled higher by reports of more plans of bids for the conglomerate and expectations that its embattled chief executive would soon resign. FILE PHOTO: Toshiba Corp CEO Nobuaki Kurumatani attends a news conference at the company’s headquarters in Tokyo,......

U.S. directs agencies to apply patches to Microsoft servers

Reuters
FILE PHOTO: White House Deputy National Security Advisor for Cyber and Emerging Technology Anne Neuberger gives an update on the Biden administration’s response to the SolarWinds hack during the daily briefing at the White House in Washington, D.C., U.S. February 17, 2021. REUTERS/Leah Millis WASHINGTON (Reuters) – The top cybersecurity......

Credit Suisse still unloading Discovery shares after Archegos-related loss – CNBC

Reuters
FILE PHOTO: Switzerland’s national flag flies below a logo of Swiss bank Credit Suisse at its headquarters at the Paradeplatz square in Zurich, July 31, 2019. REUTERS/Arnd Wiegmann/File Photo (Reuters) – Credit Suisse Group AG is still unloading its positions in media company Discovery Inc after losses relating to Archegos......

Cuba to enter post-Castro era at pivotal 2021 party congress

Reuters
By Nelson Acosta, Sarah Marsh HAVANA (Reuters) – Cuba is poised to enter the post-Castro era with Raul Castro due to step down as head of the ruling Communist Party at its congress this week, which will also address the island’s severe economic crisis, pandemic response and signs of growing......

Fed’s Harker says central bank will ‘hold steady’ for now

Reuters
FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File Photo (Reuters) – The U.S. economy could grow by around 5% to 6% this year, buoyed by increased vaccinations and strong fiscal aid, but the Federal Reserve is not going to pull back......

Breakingviews – Capital Calls – LVMH surges back to full health

Reuters
A Louis Vuitton logo is seen outside a store on the Champs-Elysees in Paris, France, September 18, 2020. REUTERS/Charles Platiau MILAN (Reuters Breakingviews) – BLING BOUNCE. LVMH has bounced back with a vengeance from its pandemic sales sickness. The maker of $2,500 Speedy bags and $6,000 Tag Heuer watches on......

OPEC raises 2021 oil demand growth forecast on hope pandemic wanes

Reuters
LONDON (Reuters) -OPEC on Tuesday raised its forecast for growth in world oil demand this year on expectations the pandemic will subside, providing help for the group and its allies in their efforts to support the market. FILE PHOTO: A 3D-printed oil pump jack is seen in front of displayed......

India’s second wave of coronavirus poses credit-negative threat – Moody’s

Reuters
BENGALURU (Reuters) – A second wave of coronavirus infections in India and new restrictions imposed to contain the surge pose a credit-negative threat and risks weakening the country’s economic recovery, Moody’s Investors Service said. FILE PHOTO: People walk at a crowded market amidst the spread of the coronavirus disease (COVID-19),......

France’s Ynsect targets food market with Protifarm buy

Reuters
PARIS (Reuters) – Ynsect has agreed a takeover of Dutch firm Protifarm, the French supplier of edible insects for animal feed said on Tuesday, marking a move into the food market amid rising demand for healthy, eco-friendly eating. Protifarm is a leader in insect ingredients for human food, and the......

South Korea’s construction firm Hyundai Engineering prepares for IPO

Reuters
SEOUL (Reuters) – South Korean construction company Hyundai Engineering said on Tuesday it had reached out to brokerage firms at home and abroad for them to make bids to carry out the firm’s initial public offering (IPO). Hyundai Engineering, an affiliate of Hyundai Motor Group, engages in the civil and......

Myanmar activists vow week of protests during new year holidays

Reuters
(Reuters) – Myanmar pro-democracy activists pledged on Tuesday to hold a series of protests this week to maintain pressure on military rulers during the country’s most important holiday of the year. The five-day New Year holidays, known as Thingyan, are usually celebrated with prayers, ritual cleaning of Buddha images in......

UK economy to return to pre-COVID-19 level around mid-2022: Reuters poll

Reuters
LONDON (Reuters) – Britain’s economy will be back to its pre-COVID-19 level around the middle of next year, according to economists in a Reuters poll who said unemployment would peak at 6.2% as 2021 draws to a close and the pandemic job support scheme ends. FILE PHOTO: The City of......

Turkey’s Halkbank urges end of U.S. prosecution alleging Iran sanctions violations

Reuters
NEW YORK (Reuters) – A lawyer for Halkbank told a U.S. appeals court on Monday that the state-owned Turkish lender was immune from U.S. prosecution and that an indictment accusing it of helping Iran evade American sanctions should be thrown out. FILE PHOTO: People walk past a branch of Halkbank......

Latest on the worldwide spread of the coronavirus

Reuters
(Reuters) – India approved the use of the Russian Sputnik V COVID-19 vaccine, while England started to reopen its economy after three months of lockdown and Johnson & Johnson began delivering its single-dose vaccine to EU countries. FILE PHOTO: Workers look at the shipment of Russia’s Sputnik V vaccine against......

Business sentiment improves as firms look past pandemic, Bank of Canada says

Reuters
OTTAWA (Reuters) – Business sentiment in Canada continues to improve and many firms consider the impacts of the COVID-19 pandemic behind them, though the outlook remains challenging for high-contact services, a Bank of Canada survey showed on Monday. FILE PHOTO: A sign is pictured outside the Bank of Canada building......

Factbox: Biden jobs plan includes $50 billion for chips research, manufacturing

Reuters
WASHINGTON (Reuters) – President Joe Biden’s $2 trillion infrastructure investment package includes $300 billion to boost the struggling U.S. manufacturing sector, including $50 billion for semiconductor production and research, the White House said on Monday. FILE PHOTO: U.S. President Joe Biden speaks during an economic briefing in the Oval Office......

Samsung SDI to supply battery cells to EV startup Rivian

Reuters
FILE PHOTO: The logo for electric vehicle startup Rivian is seen on the hood of its new R1T all-electric truck in Mill Valley, California, U.S., January 25, 2020. REUTERS/Nathan Frandino (Reuters) – Electric vehicle startup Rivian, backed by Amazon.com Inc and Ford Motor Co, said on Monday that South Korean......

Instant View: India’s retail inflation rises to 5.52% in March

Reuters
(Reuters) – India’s retail inflation rose to 5.52% in March from a year earlier, government data released on Monday showed. A vendor waits for customers at his shop inside a vegetable market in Kolkata, India, February 12, 2020. REUTERS/Rupak De Chowdhuri/Files Analysts in a Reuters poll had predicted annual inflation......

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