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April 14, 2021

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Tesco reports 2 billion pounds profit after ‘exceptionally strong’ sales

Reuters
FILE PHOTO: A logo of Tesco is pictured outside a Tesco supermarket in Hatfield, Britain October 6, 2020. REUTERS/Peter Cziborra/File Photo LONDON (Reuters) – Tesco, Britain’s biggest retailer, on Wednesday beat its guidance by reporting total adjusted retail operating profit of 1.99 billion pounds ($2.74 billion) after seeing “exceptionally strong”......

Indonesian e-commerce firm Bukalapak raises $234 million: document

Reuters
SINGAPORE (Reuters) – Indonesian e-commerce company Bukalapak raised $234 million in capital in a funding round led by Microsoft, Singapore sovereign wealth fund GIC, and local media conglomerate Emtek, according to a sale document reviewed by Reuters. The latest funding round comes amid a frenzy of interest from global investors......

Indonesian e-commerce firm Bukalapak raises $234 million: document

Reuters
SINGAPORE (Reuters) – Indonesian e-commerce company Bukalapak raised $234 million in capital in a funding round led by Microsoft, Singapore sovereign wealth fund GIC, and local media conglomerate Emtek, according to a sale document reviewed by Reuters. The latest funding round comes amid a frenzy of interest from global investors......

Taiwan says its chip firms will adhere to new U.S. rules blacklisting China supercomputing entities

Reuters
TAIPEI (Reuters) – Taiwan said on Wednesday its chip companies will adhere to U.S. rules after Washington added seven Chinese supercomputing entities last week to an economic blacklist and after a Taipei-based chipmaker halted orders from one of the entities named. FILE PHOTO: Flags of Taiwan and U.S. are placed......

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......

Chinese Internet firms pledge to avoid anti-competitive behaviors

Reuters
FILE PHOTO: A Baidu sign is seen at the World Internet Conference (WIC) in Wuzhen, Zhejiang province, China, October 20, 2019. REUTERS/Aly Song/File Photo BEIJING (Reuters) – A dozen Chinese Internet platform companies pledged to avoid anti-competitive behaviors such as forcing vendors to use their platform exclusively, according to a......

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,......

Australia returns to “war footing” amid COVID-19 vaccine turmoil

Reuters
SYDNEY (Reuters) – Australia’s national cabinet will begin meeting twice a week from Monday, marking a return to a “war footing” in the country’s battle against the coronavirus pandemic amid turmoil in its national vaccination programme. FILE PHOTO: A sign for a COVID-19 vaccination clinic is seen as high-risk workers......

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......

Britain to withdraw nearly all its troops from Afghanistan – The Times

Reuters
FILE PHOTO: British soldiers with NATO-led Resolute Support Mission arrive at the site of an attack in Kabul, Afghanistan March 6, 2020. REUTERS/Omar Sobhani (Reuters) – Britain will withdraw nearly all its troops from Afghanistan following the U.S. plan to withdraw its troops by Sept. 11, 2021, The Times reported......

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......

P&G raises quarterly dividend by 10%

Reuters
FILE PHOTO: The logo for Procter & Gamble Co. is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York, U.S., June 27, 2018. REUTERS/Brendan McDermid (Reuters) – Procter & Gamble Co raised its quarterly dividend by 10% on Tuesday to $0.8698 per......

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......

Taliban, Afghan government to attend peace talks in Turkey April 24

Reuters
ANKARA (Reuters) – Turkey will host a major summit on Afghanistan’s peace process in Istanbul from April 24 to May 4, its foreign ministry said on Tuesday, adding representatives from the Taliban and Afghan government would both attend the talks. The meeting includes the United Nations and Qatar as part......

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......

PC shipments notch fastest quarterly growth in 20 years – Gartner

Reuters
(Reuters) – Global shipments of personal computers rose at their fastest pace in two decades in the first quarter as people bought computers to help them work and study remotely during the COVID-19 crisis, according to research firm Gartner Inc. PC shipments, which include both laptops and desktop computers, grew......

Hong Kong activist Joshua Wong jailed for four months for 2019 protest

Reuters
HONG KONG (Reuters) – Joshua Wong, one of Hong Kong’s most prominent democracy activists and among 47 people charged under a national security law, was sentenced to four months in jail on Tuesday for unauthorized assembly and violating an anti-mask law. FILE PHOTO: Pro-democracy activist Joshua Wong walks to a......

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