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March 4, 2021

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Danone needs new independent chairman instead of Faber, says investor Artisan

Reuters
PARIS (Reuters) – U.S investment company Artisan Partners on Wednesday said that Danone needed to appoint a new, independent chairman, adding more pressure on Emmanuel Faber who holds that position at the French food company. This week, Danone said Faber – who until now has combined the CEO and chairman......

Breakingviews – Capital Calls: Greensill’s funky debt crunch

Reuters
The logo of Greensill Bank is pictured in downtown Bremen, Germany, July 3, 2019. LONDON (Reuters Breakingviews) – Concise insights on global finance in the Covid-19 era. ————————————————- RUN FOR GREENSILLS. The woes faced by supply chain finance provider Greensill Capital are spreading to lower-risk forms of the funky debt.......

Federer to miss this month’s Miami Open

Reuters
FILE PHOTO: Switzerland’s Roger Federer. REUTERS/Toby Melville/File Photo (Reuters) – Roger Federer will not compete at this month’s Miami Open as the Swiss maestro continues to work his way back to fitness after two knee operations in the past 12 months, the Miami Herald reported on Monday. Federer will miss......

Up to six cases of Manaus variant of coronavirus detected in UK

Reuters
LONDON (Reuters) – Up to six cases of the variant of coronavirus first identified in the Brazilian city of Manaus have been detected in Britain for the first time, English health officials said on Sunday. FILE PHOTO: Two women walk past a closed tea room, amid the outbreak of the......

FOREX-Dollar pummelled, Aussie soars as reflation trades grip FX markets

Reuters
* Graphic: World FX rates tmsnrt.rs/2RBWI5E LONDON, Feb 24 (Reuters) – The dollar remained at multi-year lows against the Antipodean currencies and held near a one-month low versus the euro as reflation trades gripped the currency markets on Wednesday. Federal Reserve Chair Jerome Powell reiterated on Tuesday that U.S. interest......

Pandemic caused $220 billion of global dividend cuts in 2020, research says

CNBC
CNBC – For more and to sign up click here Crowds, in the hundreds, thronged Singapore’s shopping belt in preparation for the festive season despite the coronavirus (Covid-19) pandemic which has recorded a total of over 58,000 confirmed cases and 29 related deaths in Singapore on December 12, 2020. Zakaria......

Nestle to put focus on growth and acquisitions

Reuters
FILE PHOTO: Nestle Chief Executive Mark Schneider talks during a news conference at the company headquarters in Vevey, Switzerland, February 13, 2020. REUTERS/Pierre Albouy/File Photo ZURICH (Reuters) – Nestle is looking to boost its growth with acquisitions this year while remaining cautious and selective, its chief executive told an investor......

COVID response drives $24 trillion surge in global debt: IIF

Reuters
LONDON (Reuters) – The COVID pandemic has added $24 trillion to the global debt mountain over the last year a new study has shown, leaving it at a record $281 trillion and the worldwide debt-to-GDP ratio at over 355%. FILE PHOTO: Buildings are seen in the Canary Wharf business district,......

Breakingviews – Coal wobble flags Glencore’s green high-wire act

Reuters
Glencore Chief Executive Ivan Glasenberg attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia, June 6, 2019. LONDON (Reuters Breakingviews) – Ivan Glasenberg is leaving Glencore shareholders and green activists with a parting climate conundrum. The South African’s final results-in-charge revealed a collapse in coal EBITDA to......

Glencore reinstates dividend as 2020 net debt drops

Reuters
JOHANNESBURG, Feb 16 (Reuters) – Glencore on Tuesday reinstated its dividend after net debt fell by 10% in its full-year 2020, helped by surging commodity prices in the second half The commodities trader and miner which scrapped its dividend in August last year after a first-half loss amid the COVID-19......

World Trade Organization appoints Ngozi Okonjo-Iweala as new director-general

CNBC
CNBC – For more and to sign up click here Ngozi Okonjo-Iweala, former finance minister of Nigeria and new WTO chief. Michael Nagle | Bloomberg | Getty Images Ngozi Okonjo-Iweala has been appointed the new chief of the World Trade Organization, becoming the first woman to ever lead the Switzerland-based......

European shares dip; ASML, ING among early gainers

Reuters
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, January 26, 2021. REUTERS/Staff (Reuters) – European stocks edged lower on Friday, on track to end the second straight week of gains, as investors awaited more signs of progress in U.S. stimulus......

Myanmar faces European push at U.N. to condemn coup

Reuters
GENEVA (Reuters) – The United Nations’ top human rights body is to consider a resolution on Friday drafted by Britain and the European Union that would condemn Myanmar’s military coup and demand urgent access for monitors, a text seen by Reuters shows. Myanmar citizens hold placards as they take part......

Wawrinka falls to fearless Fucsovics in five-set thriller

Reuters
MELBOURNE (Reuters) – Hungarian Marton Fucsovics came through a five-set thriller against Stan Wawrinka on Wednesday, defeating the three-time Grand Slam champion 7-5 6-1 4-6 2-6 7-6(9) to reach the third round of the Australian Open. Wawrinka, the 17th seed, was sloppy in the opening two sets, committing 29 unforced......

European shares dip after strong rally, Total rises

Reuters
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, February 8, 2021. REUTERS/Staff (Reuters) – European shares dipped on Tuesday as a recent rally powered by hopes of a swifter global economic recovery and vaccine roll-outs showed signs of cooling, while......

Swiss march in lakeside tax haven to protest COVID-19 lockdown

Reuters
ZUG, Switzerland (Reuters) – Some 500 protesters marched through the Swiss tax haven of Zug on Saturday, wearing white protective suits and chanting dystopian slogans to voice displeasure with rules aimed at limiting the spread of the COVID-19 pandemic. The demonstration was reminiscent of a rally a week ago in......

Swiss march in lakeside tax haven to protest COVID-19 lockdown

Reuters
ZUG, Switzerland (Reuters) – Some 500 protesters marched through the Swiss tax haven of Zug on Saturday, wearing white protective suits and chanting dystopian slogans to voice displeasure with rules aimed at limiting the spread of the COVID-19 pandemic. The demonstration was reminiscent of a rally a week ago in......

European shares pause after three-day rally

Reuters
FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, January 26, 2021. REUTERS/Staff (Reuters) – European shares were flat on Thursday after a three-day rally on hopes of a swifter global economic recovery and an upbeat sentiment in Italy as former......

Gores-backed SPACs to raise $640 mln through IPOs

Reuters
Feb 2 (Reuters) – Two blank-check companies, backed by private equity firm Gores Group LLC, are looking to raise $640 million through initial public offerings (IPO), regulatory filings showed on Tuesday. The special purpose acquisition companies (SPACs) – Gores Technology Partners Inc and Gores Technology Partners II Inc – aim......

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