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May 6, 2021

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U.S. doesn’t have the policy tools, investments necessary to meet ambitious climate pledge, says climate author

CNBC
CNBC – For more and to sign up click here David Wallace-Wells, author of “The Uninhabitable Earth,” questioned if the U.S. had the ability to actually meet President Joe Biden‘s climate pledge of reducing the country’s greenhouse gas emissions by 50% to 52% by 2030. “The question for me is......

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......

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......

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......

Take Five: Spring in the step

Reuters
1/ SPRING MEETINGS FILE PHOTO: International Monetary Fund logo is seen inside the headquarters at the end of the IMF/World Bank annual meetings in Washington, U.S., October 9, 2016. REUTERS/Yuri Gripas/File Photo Financial policymakers from around the globe are preparing to convene — virtually of course — for the springtime......

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......

Powell says the Fed is committed to using all its tools to promote recovery

CNBC
CNBC – For more and to sign up click here Federal Reserve Chair Jerome Powell arrives for a news conference following the Federal Open Market Committee meeting in Washington, December 11, 2019. Joshua Roberts | Reuters Federal Reserve Chairman Jerome Powell reiterated his commitment to an “all-in” approach to the......

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,......

Biden’s team says it will use ‘all available tools’ to fight China’s unfair trade practices

CNBC
CNBC – For more and to sign up click here The U.S. flag flies at a welcoming ceremony between Chinese President Xi Jinping and U.S. President Donald Trump in 2017. Thomas Peter | Getty Images President Joe Biden’s team will use “all available tools” to fight China’s unfair trade practices,......

Each of Tatis’ 5 tools worthy of highlight reel

MLB
Matt Kelly MLB – For more and to sign up click here Just about everything Fernando Tatis Jr. does grabs your attention, and that now includes his contract. Tatis and the Padres sent a huge ripple through baseball Wednesday night when they reportedly agreed to a historic 14-year, $340 million......

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......

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......

Facebook is working on tools to keep ads away from topics like crime or politics in News Feed

CNBC
CNBC – For more and to sign up click here Facebook is building tools to help advertisers keep their ad placements away from certain topics in its News Feed.  The company said it will begin testing “topic exclusion” controls with a small group of advertisers. It said, for example, a......

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