Ghosts of taper tantrum to haunt EMFX, stir volatility memories: Reuters poll
Volatility risks in coming months are high on the radar of emerging market currency investors still familiar with past Fed tightening, a Reuters poll of strategists found, but commodity prices are offering support amid slow vaccination rates.
Volkswagen sees strongest first-half U.S. sales since 1973
Volkswagen of America said it sold more than 211,000 cars in the first half of 2021, its highest level for the period in nearly 50 years, and is on pace to sell more than 400,000 this year, Chief Executive and President Scott Keogh said in a media briefing on Thursday.
Analysis: U.S. companies spend billions on stay-at-home tech, boding ill for office properties
As the U.S. economy reopens, ramped-up corporate spending on video systems and plans to increase shared workspace suggests hybrid work is here to stay, potentially weighing on commercial property prices in New York, San Francisco and other major cities.
EXCLUSIVE Shell plans to exit California joint venture with Exxon Mobil -sources
Royal Dutch Shell Plc (RDSa.L) plans to leave Aera, its California-based oil and gas-producing joint venture with Exxon Mobil Corp (XOM.N), four people familiar with the talks told Reuters.
Asia M&A bonanza fuelled by Southeast Asia, private equity deals
Asian merger and acquisition activity surged to its second-highest level ever for a first half as Southeast Asian and private-equity deals hit records, and bankers expect the strong momentum to be maintained for the rest of the year.
Blockchain Fest 2021: A Global Hub for Crypto Industry
Global crypto forum takes over European financial and IT capital When – December 2-3, 2021 Where – Limassol, Cyprus (Parklane Hotel by Marriott Bonvoy) https://blockchain-fest.com/ Blockchain Fest will take place in December 2021 in Limassol and has chosen Cyprus, European financial and IT center as its hub to bring experts from all over the world […]
Instagram’s algorithm has been changed as a result of suspected bias in the Gaza crisis
Instagram reportedly shifted the way it shows content after being chastised for allegedly suppressing pro-Palestinian sentiments during the recent Gaza conflict.According to a company representative, the explanation for this preference appears to be that most Instagram users have more posts to follow than time to review them. The company discovered that customers are more interested […]
130 countries support a global tax reform
Authorities representing 130 nations reportedly agreed to reform the global tax system so that large corporations “pay a fair share” everywhere they operate. The taxation of large IT companies has been a subject of contention between the US and other countries. The ideas, according to the Organisation for Economic Co-operation and Development (OECD), may raise […]
Euro zone recovery faces risks from virus mutations, ECB’s Lagarde says
The euro zone economy may well avoid the most pessimistic scenario envisaged at the start of the COVID-19 pandemic but it still faces risks from virus mutations, European Central Bank President Christine Lagarde said on Thursday.
China solar association says Xinjiang forced labour claims unfounded
Claims that Chinese solar firms are benefiting from forced labour in Xinjiang are unfounded and unfairly stigmatise firms with operations there, the country’s solar association said.
