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April 14, 2021

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Exclusive: GameStop initiates search for new CEO – sources

Reuters
(Reuters) – GameStop Corp is looking for a new chief executive to replace George Sherman as it pivots from being a brick-and-mortar video game retailer to an e-commerce firm, three people familiar with the matter said on Monday. FILE PHOTO: A GameStop store is seen in the Jackson Heights neighborhood......

Qatar National Bank’s Q1 net profit falls 7% as provisions climb

Reuters
DUBAI, April 11 (Reuters) – Qatar National Bank (QNB) , the biggest lender in the Gulf, said on Sunday its first quarter net profit fell by 7% from a year earlier to 3.3 billion riyals ($906 million) as it booked 1.4 billion riyals in “precautionary” loan loss provisions. The bank’s......

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......

Brazil faces “very serious situation” in pandemic: WHO

Reuters
FILE PHOTO: Elderly people wait in line to receive a dose of the Sinovac’s CoronaVac coronavirus disease (COVID-19) vaccine, during a vaccination day for 65-year-old and older citizens in Duque de Caxias near Rio de Janeiro, Brazil March 29, 2021. REUTERS/Ricardo Moraes GENEVA (Reuters) – A number of states in......

Nine EU advisers threaten walkout over sustainable finance row

Reuters
BRUSSELS, April 1 (Reuters) – Nine members of the expert group advising the European Union on its sustainable finance rules have threatened to step down if Brussels pushes ahead with plans that they say would discredit its efforts to fight climate change. The European Commission is attempting to finish its......

Pakistan lifts ban on cotton, sugar imports from arch-rival India as prices rise

Reuters
By Asif Shahzad, Rajendra Jadhav (Refiles with dropped word “on” added in first paragraph and headline) FILE PHOTO: Employees unload cotton from a truck at a cotton processing unit in Kadi town, in Gujarat, India, April 5, 2018. REUTERS/Amit Dave/File photo ISLAMABAD/MUMBAI (Reuters) – Pakistan lifted a nearly two-year ban......

Adani condemns rights violations in Myanmar, will still work with partners

Reuters
CHENNAI (Reuters) – India’s Adani Group said on Wednesday it condemned “violations of fundamental rights of all people” and would continue to work with “partners and stakeholders,” in response to recent media reports on the conglomerate’s investments in the Myanmar. Adani owns and operates a port in the country. “We......

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......

UPDATE 1-Flooding stops Australian coal rail deliveries to Newcastle port

Reuters
(Adds details of port, background) MELBOURNE, March 22 (Reuters) – Australia’s Hunter Valley coal rail lines have been shut due to flooding in the state of New South Wales, the Australian Rail Track Corp said on Monday, halting deliveries into the port of Newcastle, the world’s biggest coal export port.......

Suez proposes Veolia to negotiate on basis of a Ardian-GIP offer

Reuters
PARIS (Reuters) – French waste and water management company Suez has proposed its rival Veolia to negotiate on the basis of a firm offer by investment firms Ardian and Global Infrastructure Partners (GIP), the companies said on Sunday. Adrian and GIP’s offer of 11.9 billion euros ($14.16 billion) is equivalent......

BRIEF-U.S. CDC Says Delivered 156,734,555 Doses Of Covid-19 Vaccine As Of March 20

Reuters
March 20 (Reuters) – * U.S. CDC SAYS 7,648,211 DOSES OF COVID-19 VACCINE ADMINISTERED IN LONG-TERM CARE HOMES AS OF MARCH 20 VERSUS 7,630,706 DOSES ADMINISTERED AS OF MARCH 19 * U.S. CDC SAYS ADMINISTERED 121,441,497 OF COVID-19 VACCINE AS OF MARCH 20 VERSUS 118,313,818 DOSES ADMINISTERED AS OF MARCH......

Indonesia c.bank keeps key rates unchanged amid pressure on rupiah

Reuters
JAKARTA, March 18 (Reuters) – Indonesia’s central bank kept its main policy rates steady on Thursday, holding fire after a bout of monetary support during the COVID-19 pandemic, and as the rupiah has come under pressure due to capital outflows. Bank Indonesia (BI) left the benchmark 7-day reverse repurchase rate......

FOREX-U.S. dollar advances on investor caution ahead of Fed meeting

Reuters
* Focus on central bank meetings this week * Dollar index gains for 3rd day * Dollar up vs yen, hits highest since June * Bitcoin comes off highs hit over weekend (Adds comment, updates prices) By Gertrude Chavez-Dreyfuss NEW YORK, March 15 (Reuters) - The dollar gained for a......

FOREX-Dollar rises on Treasury yield spike with world awash in stimulus

Reuters
* Dollar index up 0.53% * U.S. PPI annual gain largest in nearly 2-1/2 years * Graphic: World FX rates tmsnrt.rs/2RBWI5E (Adds details of U.S. PPI data, analyst’s comments, updates prices, changes dateline) NEW YORK, March 12 (Reuters) – The dollar rose on Friday as a fresh spike in Treasury......

WHO says its advisory committee looking at AstraZeneca vaccine issues

Reuters
FILE PHOTO: A doctor, wearing a protective face mask, prepares a dose of the Oxford-AstraZeneca COVID-19 vaccine in his consulting room at the doctor’s office in Gouzeaucourt as part of the coronavirus disease (COVID-19) vaccination campaign in France, February 24, 2021. REUTERS/Pascal Rossignol GENEVA (Reuters) – A World Health Organization......

GRAINS-Wheat ticks down after rally, strong demand forecast limits decline

Reuters
* Wheat dips after climbing 1.5% on strong global demand * U.S. forecasts strong demand for China’s wheat imports (Adds quote in paragraphs 3-4, details on China’s wheat demand) SINGAPORE, March 10 (Reuters) – Chicago wheat futures slid on Wednesday, taking a breather from a strong run-up in the last......

Indonesia approves AstraZeneca vaccine for emergency use

Reuters
JAKARTA (Reuters) – Indonesia has approved AstraZeneca’s COVID-19 vaccine for emergency use, Penny K. Lukito, the chief of the country’s food and drug agency, told a news conference on Tuesday. More than one million doses of the vaccine arrived late on Monday via the COVAX global vaccine-alliance scheme. About 38......

‘A side of shares’: Deliveroo to offer 50 million pounds of stock to customers

Reuters
LONDON, March 7 (Reuters) – Deliveroo said shares worth 50 million pounds ($69 million) would be earmarked for customers in its upcoming flotation, with the offer branded “Great food with a side of shares”. The Amazon-backed food delivery firm announced plans on Thursday to list in London, with a potential......

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