Commodities
SoftBank in talks to invest $500m in Swiggy
SoftBank Vision Fund 2 is in advanced stages of talks to invest up to $500bn dollars into food delivery startup Swiggy, two sources familiar with the matter told TechCrunch.
US March retail sales go into overdrive
US retail sales went into overdrive in March as Americans started receiving government stimulus checks from mid-month onwards.
'Green demand' to drive record tight copper balances, Goldman Sachs says
Strategists at Goldman Sachs reiterated their 'bullish' stance for a select group of global copper miners, predicting that so-called 'green demand' would drive the tightest balances ever over the next decade.
EU will not renew AstraZeneca and J&J contracts after they expire
The European Commission will not renew its contracts with AstraZeneca and Johnson & Johnson for the supply of Covid-19 vaccine doses once they expire.
UK to respond to EU legal action over NI checks in May
Britain agreed with the European Union that it would respond to legal action taken by the bloc on the implementation of trading rules in Northern Ireland by mid-May.
Iran announces plans to enrich uranium up to 60%
Iranian President Hassan Rouhani said on Wednesday that the government plans to enrich uranium up to 60% purity in response to the recent attack on its key nuclear facility.
FDA halts J&J vaccination in US over rare blood clotting cases
The Food & Drug Administration temporarily told US states to halt vaccination against Covid-19 with the Johnson & Johnson shot over rare blood clotting cases.
Singapore's Grab to go public in record $40bn SPAC deal
Singapore app company Grab is planning to list in the US through a record-sized special purpose acquisition company.
US CPI increases 0.6% in March
The US consumer price index increased 0. 6% on a seasonally adjusted basis in March after rising 0. 4% in February, according to the Bureau of Labor Statistics, marking the largest rise since a 0. 6% jump in August 2012.
China, Japan tensions rise over contaminated Fukushima water treatment
Japan’s neighbours expressed concern on Tuesday after Tokyo announced plans to release the Fukushima nuclear reactor’s contaminated water into the sea post-treatment.
Russia warns US to keep warships away from Crimea 'for their own good'
Russia warned US warships on Tuesday not to go near Crimea following their deployment to the Black Sea the day before.
JTC posts higher profit and sales, hikes full-year payout
Fund management services group JTC posted a sharp rise in full-year sales and profits thanks to both organic growth and acquisitions.
ZEW economic sentiment index for Germany cools unexpectedly
Economic sentiment in the euro area's largest economy cooled unexpectedly in April amid worries about the hit to activity from tighter mobility restrictions, the results of a closely-followed survey revealed.
Chinese foreign trade surplus shrinks in March as imports jump
China's foreign trade balance shrank by more than expected after the Lunar New Year holidays as the rate of growth in imports more than doubled.
France to ban short domestic flights that can be replaced by trains
French MPs voted on Monday to ban short domestic flights that can be replaced by train journeys lasting two and a half hours or less.
WHO chief condemns 'shocking imbalance' in Covid-19 vaccine distribution
WHO Director-General Tedros Adhanom Ghebreyesus said on Friday that there is a “shocking imbalance” in the distribution of Covid-19 vaccines worldwide and most countries do not have anywhere near enough shots to cover health workers and high risk groups.
Facebook suspends 16,000 accounts for selling fake reviews of products
The UK’s Competition and Markets Authority said on Friday that Facebook had suspended 16,000 accounts for selling and buying fake reviews for products and services.
Morgan Stanley sees ITM Power sales growing at 70% CAGR over decade to 2030
Analysts at Morgan Stanley started coverage on shares of ITM Power at 'overweight', arguing that the makers of electrolysers might be "strong" beneficiaries of the trend towards 'Green hydrogen'.
China prepares measures to protect rights of Chinese companies against US blacklist
China said on Friday it would take the necessary measures to uphold the rights and interests of Chinese companies, a day after the United States' Commerce Department added seven supercomputing entities to its blacklist.
RBC Capital upgrades Hilton Food, cites compelling ‘valuation’
RBC Capital Markets upgraded Hilton Food to ‘outperform’ from ‘sector perform’ on Friday, hiking the price target to 1,500p from 1,200p as it said the stock’s valuation looks compelling.