U.S. tech giant shares barely react to G7 tax deal
Shares in U.S. technology giants barely reacted on Monday to a landmark global minimum corporate tax deal agreed between the world’s richest nations, with analysts saying it will take the backing of low-tax nations to have any meaningful impact on the companies’ bottomlines.
Daimler’s China venture aims to raise capacity 45% at Mercedes-Benz plants -document
Daimler AG’s (DAIGn.DE) main China joint venture with BAIC Motor (1958.HK) plans to add a shift and working days at two Beijing plants that will boost nominal capacity to make Mercedes-Benz cars by 45%, a document on the venture’s Chinese website showed.
Regus owner’s shares slide as COVID-19 curbs, variants slow recovery
Office space provider IWG (IWG.L) warned on Monday that its 2021 core earnings will be well below last year’s crisis-hit level as continuing curbs in some markets and new COVID-19 variants derail recovery, sending its shares as much as 16% lower.
Take Five: U.S. inflation, China trade and the ECB
A critical view into inflation comes with Thursday’s May U.S. consumer price index.
Supermarket groups Carrefour and Tesco to end purchasing alliance
French supermarket group Carrefour (CARR.PA) and its British peer Tesco (TSCO.L) said on Monday they would not extend a purchasing alliance heralded originally as a potential way to trim costs.
Asia shares turn cautious ahead of U.S. inflation
Asian shares turned lower on Monday as relief over the benign U.S. jobs report was chilled by caution ahead of key inflation data later this week, while a coronavirus outbreak in Taiwan took a toll on chip manufacturers.
Oil eases on Iran concern after hitting two-year high above $72
Oil eased after hitting a two-year high above $72 a barrel on Monday, pressured by the prospect of higher Iranian exports though recovering demand and OPEC+ supply curbs provided underlying support.
S&P upgrades outlook on Australia’s AAA rating to stable from negative
S&P Global Ratings upgraded its outlook on Australia’s coveted “AAA” sovereign rating to ‘stable’ from ‘negative’ on Monday citing the country’s “swift economic recovery” from the COVID-19 pandemic driven recession.
Air Canada executives to return bonuses after government aid outcry
Top executives at Air Canada (AC.TO) will return their bonuses and share awards, the carrier said on Sunday, in response to “public disappointment” over executive compensation at the airline, which received government aid in April.
Asia breathes sigh of relief as U.S. jobs fail to shock
Asian shares firmed on Monday while the dollar wavered after the anxiously awaited May U.S. payrolls report showed the recovery on track but not so hot that it might bring forward a policy tapering from the Federal Reserve.
