Global dividends to near pre-pandemic levels in 2021 -report
Global dividends are forecast to rise to $1.39 trillion this year, up slightly from a previous estimate to reflect a stronger than expected recovery in the company payouts, Janus Henderson said in a report published on Monday.
Japan’s private-sector activity hit by COVID-19 surge – PMI
TOKYO, Aug 23 (Reuters) – Japan’s factory activity growth slowed in August, while that of the services sector shrank at the fastest pace since May last year, highlighting the increasingly heavy toll a recent wave of COVID-19 infections is taking on the economy.
Growth in French business activity eased in August -PMI
Growth in French business activity eased in August compared to July, according to initial forecasts in a monthly survey, as problems with supplies of goods and COVID-19 health protocols impacted trade.
Marketmind: Gathering Clouds?
European stocks posted their biggest weekly drop last week since February. A large part of the reason behind the sharp drop is growing concerns over a slowing global economy, as well as increasing fears over rising infection rates and vaccine durability. Investors hoping for a bounce this week from a clutch of “flash” European manufacturing surveys for August out on Monday may be disappointed going by the recent softening trend in U.S. and Chinese PMIs.
Dubai house prices to rise modestly, stay affordable in coming years
Dubai’s residential property market is on a steady course, with prices expected to rise modestly over the next couple of years, according to a Reuters poll of housing analysts who say property prices there will remain affordable during that time.
Oil jumps 3% on weaker dollar after seven days of losses
Oil prices jumped 3% on Monday, recovering from a seven-day losing streak, with gains driven by a weaker dollar despite demand concerns stoked by rising cases of the Delta coronavirus variant.
Massmart holdings limited, S.Africa, Announces a lower H1 headline loss!
Massmart Holdings Limited (MSMJ.J) of South Africa said on Friday that its half-year headline loss had fallen by 40.8 %, thanks to rising sales despite new COVID-19 limits and effective expense control. In the 26 weeks to June, the Walmart majority-owned retailer said its headline loss from total operations fell to 645.4 million rand, down […]
Cisco’s profit forecast disappoints on supply chain overhang
Cisco Systems Inc’s (CSCO.O) first-quarter profit forecast fell short of estimates on Wednesday, with the network gear maker warning that supply chain issues would continue to drive up component costs and delivery backlogs.
Marketmind: A delta-driven drop
After an August in which stock markets have repeatedly hit record highs, the mood music turned decisively more sombre on Thursday, led by a late slump in U.S. stocks which cascaded into already jittery Asian markets.
Analysis: Workers at Chile’s Escondida mine hit jackpot, raise bar in labor talks elsewhere
An historic benefits package at BHP’s (BHP.AX) sprawling Escondida copper mine has raised the prospect for tough new negotiations and strikes at mines around the country, workers and analysts told Reuters.
