China to further expand outbound investor schemes: Xinhua November 29, 2020 China plans to roll out an outbound investment scheme to new regions as it looks to meet onshore investors’ asset allocation needs, official news agency Xinhua reported on Sunday. China will expand the Qualified Domestic Limited Partner(QDLP) trials already underway in Shanghai, Beijing and Shenzhen, Xinhua said, citing an unnamed official at the foreign exchange [...]
UK confirms H5N8 bird flu on English turkey farm November 29, 2020 Bird flu has been found at a turkey farm in northern England, the government said on Sunday. “Avian flu has been confirmed at a commercial turkey fattening farm near Northallerton, North Yorkshire,” Chief Veterinary Officer, Christine Middlemiss said in a statement. The disease was the H5N8 strain. It said all 10,500 birds at the farm [...]
BoE’s Haldane sees inflation risks as economies bounce back November 29, 2020 Bank of England chief economist Andy Haldane said inflation could rise by more than expected as progress on Covid-19 vaccines and huge amounts of stimulus raised the chances of a swift economic bounce-back. “As the economic recovery gathers pace next year, it will be important central banks remain squarely focussed on their core medium-term price stability mandates,” Haldane said in a speech [...]
Oil prices post weekly gain ahead of OPEC+ meeting November 27, 2020 By Stephanie Kelly NEW YORK (Reuters) – Oil prices were mixed on Friday but posted a fourth straight week of gains ahead of an OPEC+ meeting early next week. Brent crude January futures rose 38 cents to settle at $48.18 a barrel, while the more active February contract gained 46 cents to $48.25. U.S. West [...]
Japan, South Korea and industry groups oppose EU plan to cut shipping emissions November 27, 2020 Japan, South Korea and a fleet of international shipping groups have warned the European Union against its plan to add greenhouse gas emissions from the maritime sector to Europe’s carbon market. As the 27-country EU seeks to steer its economy towards “net zero” emissions by 2050, the executive European Commission wants to expand its carbon [...]
German minister does not expect big insolvency wave until end of year November 27, 2020 German Economy Minister Peter Altmaier said today he expects emergency aid will prevent a big wave of insolvencies in November and December among businesses, such as restaurants and hotels, that have been forced to close due to coronavirus curbs. “I believe that for the sectors primarily concerned (…) we have – through the November and [...]
End of an era: Unilever trading in Amsterdam for the last time today November 27, 2020 Unilever’s Dutch shares will trade in Amsterdam for the last time today, before a unification of the group’s dual-headed structure that aims to put the consumer goods maker on a better footing to cope with an uncertain future. The merger over the weekend of Unilever’s Dutch and British corporate arms into one legal entity based [...]
Guarantor lender Amigo flags going concern uncertainty as Covid-19 bites November 26, 2020 London-based subprime lender Amigo reported a 36.5 per cent fall in first half revenues and flagged “material uncertainty” about its future operations, citing worries over the pandemic, complaint volumes and the outcome of an ongoing regulatory investigation. The company, which saw revenues drop to £92.3m over the six months to end-September, also posted a pretax [...]
Beazley boss upbeat on 2021 after COVID-19 losses November 24, 2020 By Muvija M and Carolyn Cohn LONDON (Reuters) – Next year could be one of Beazley’s strongest for more than a decade, the Lloyd’s of London insurer’s chief executive said on Tuesday, with the industry likely having already absorbed the bulk of its losses from the coronavirus pandemic. “We hope that the COVID-19 claims are [...]
Biden set to pick former US Fed chair Janet Yellen as his Treasury Secretary November 23, 2020 Joe Biden set to pick former US Fed chair Janet Yellen as next Treasury Secretary, succeeding Steve Mnuchin's role
