Airlines, holiday companies ramp up pressure on Britain to ease travel rules

Britain’s airlines and holiday companies are planning a “day of action” on Wednesday to ramp up pressure on the government to ease travel restrictions, with just weeks to go before the start of the peak summer season.
20 June 2021, 18:00 PM

Fed shift causes rally in value stocks to wobble

The Federal Reserve’s hawkish shift is forcing investors to reevaluate the rally in so-called value stocks, which have taken a hit in recent days after ripping higher for most of the year.
20 June 2021, 18:00 PM

ECB makes good progress on new strategy, Lagarde says

European Central Bank policymakers meeting this weekend made “good progress” in reshaping the ECB’s strategic goals, including the role it plays in fighting climate change and a revised approach to inflation, President Christine Lagarde said on Sunday.
20 June 2021, 18:00 PM

DCCI, Vietnam embassy team up to foster trade, investment

The Dhaka Chamber of Commerce and Industry (DCCI) and the embassy of Vietnam in Bangladesh have signed a memorandum of cooperation to foster trade and investment between the two countries.
20 June 2021, 18:00 PM

Baltic Pipe gas link work resumes but faces 3-month delay

Construction work on Baltic Pipe, a pipeline connecting Poland with Norwegian gas fields via the Baltic Sea and Denmark, will resume after a temporary halt was announced earlier this month, Danish grid operator Energinet said on Saturday.
20 June 2021, 18:00 PM

UK’s Sunak considers cap to annual pension rise

British finance minister Rishi Sunak is considering blocking a near 6 per cent rise in old-age pension payments as part of a wider effort to rein in the cost of Prime Minister Boris Johnson’s spending, the Sunday Times newspaper said.
20 June 2021, 18:00 PM

Chevron returning offshore workers, restarts output halted by US storm

Chevron Corp said on Saturday it was returning offshore workers who had been evacuated ahead of Tropical Storm Claudette from its Gulf of Mexico production platforms.
20 June 2021, 18:00 PM

EIG-led consortium closes $12.4b Aramco pipelines deal

US-based EIG Global Energy Partners said on Friday a consortium it led has closed a deal to buy 49 per cent of Saudi oil producer Aramco’s pipelines business for $12.4 billion.
19 June 2021, 18:00 PM

Airlines industry could return to normal next year expert

AirAsia Group Bhd’s chief executive officer said the aviation industry could return to normal next year as international borders gradually reopened, state news agency Bernama reported on Saturday.
19 June 2021, 18:00 PM

Tesco’s UK sales growth slows as pandemic restrictions ease

Tesco’s sales growth has slowed sharply since the easing of the latest coronavirus lockdown as people start to visit pubs and restaurants again, Britain’s biggest retailer said on Friday.
19 June 2021, 18:00 PM

UK retail sales drop as consumers eat out

British retail sales fell last month on easing lockdown curbs, as people dined at bars and restaurants instead of buying food at supermarkets, data showed Friday.
19 June 2021, 18:00 PM

EU lifts ban on eight banks barred from bond sales

Eight banks previously excluded from syndicated debt sales backing the European Commission’s up to 800-billion-euro ($950.7 billion) Covid-19 recovery fund will be allowed to take part in future issues, the EU executive said on Friday.
19 June 2021, 18:00 PM

Bank of Japan announces first green investment fund

Japan’s central bank on Friday announced its first investment fund for efforts to address climate change, as the government works towards its new target of reaching carbon neutrality by 2050.
19 June 2021, 18:00 PM

Fed’s Kashkari opposed to rate hikes at least through 2023

Minneapolis Federal Reserve President Neel Kashkari said on Friday he wants to keep the US central bank’s benchmark short-term interest rate near zero at least through the end of 2023 to allow the labor market to return to its pre-pandemic strength.
19 June 2021, 18:00 PM

HSBC says French retail bank sale to cost 1.9b euros

HSBC on Friday said it will incur a hefty charge of 1.9 billion euros with the sale of its French retail banking operations to French lender My Money Group.
19 June 2021, 18:00 PM

Investors brace for annual Russell index rebalancing with pandemic imprint

Market participants are girding for probably the biggest trading event of the year next Friday, as FTSE Russell stages the final reconstitution of its indexes, and trillions of dollars in investments could be influenced by the event that will reflect a wild trading year marked by the pandemic and the “meme” stock craze.
19 June 2021, 18:00 PM

Gulf of Mexico storm trims US oil production

The first storm to hit oil-producing regions of the US Gulf of Mexico this year sent workers fleeing offshore oil platforms and cut some production.
19 June 2021, 18:00 PM

Asia gold price drop lures buyers in India

Gold purchases in India ticked up in the later part of the week after a decline in local rates, although dealers cautioned that demand is unlikely to return to normal levels soon.
19 June 2021, 18:00 PM

China’s Geely to press on with methanol vehicles, chairman says

Chinese automaker Geely will keep working on vehicles powered by methanol even though the effort may fail, chairman Li Shufu said on Sunday.
13 June 2021, 18:00 PM

Merkel hopes for G7 infrastructure plans in 2022

German Chancellor Angela Merkel on Sunday said she hoped that a new Group of Seven task force can present first infrastructure projects in developing countries in 2022.
13 June 2021, 18:00 PM