EXCLUSIVE Weibo chairman and state firm plan to take China’s Twitter private -sources
Weibo Corp (WB.O) Chairman Charles Chao and a state investor are in talks to take the Nasdaq-listed Chinese social media company private in a deal that could value it at $20 billion-plus, sources close to the matter told Reuters.
Empathy bootcamp? UK banks seek payback on $105 bln COVID loans
As payback time approaches for more than 75 billion pounds ($104 billion) of emergency state-backed loans, Britain’s banks must tread a delicate path with businesses propped up during the pandemic.
Quickening U.S. recovery puts Fed taper discussion in focus
More clues on just when and how the U.S. Federal Reserve may begin to cut its pandemic-induced bond-buying spree are likely to emerge on Wednesday when the central bank publishes minutes of last month’s pivotal meeting.
Australia’s cbank tapers QE but affirms low rates outlook
Australia’s central bank on Tuesday took its first step towards tempering its massive stimulus as employment proves far stronger than previously expected, although actual rate hikes remain a distant prospect.
Samsung Electronics Q2 profit likely up 38% on strong chip prices
Samsung Electronics Co Ltd (005930.KS) likely saw a 38% surge in profit for the April-June quarter thanks to strong chip prices and demand spurred by a pandemic-led consumer appetite for electronics as well as recovering investment in data centres.
Sainsbury’s focus is on strategy, not takeover frenzy
The boss of Sainsbury’s (SBRY.L) said on Tuesday his focus was on delivering the British supermarket group’s strategy rather than the takeover frenzy that has gripped the sector.
UK faces new debt surge in climate push, early action best – OBR
Britain faces another jump in its 2-trillion-pound ($2.8 trillion) public debt pile to make its economy net carbon zero by 2050,but quick global action could make the hit less severe than that of the coronavirus pandemic, a fiscal watchdog said.
Asia shares volatile as China tech worries remain
Asian share markets were volatile on Tuesday, after Australia’s central bank flagged some tapering in its quantitative easing programme and concerns over the future of China’s powerful technology sector weighed down shares.
Dollar awaits Fed minutes, kiwi aloft on rate expectations
The New Zealand dollar rose on Tuesday after a strong business survey pulled forward rate hike expectations there to as soon November, while its Australian counterpart crept higher ahead of its own crucial central bank policy meeting later in the day.
Japan’s May household spending growth slows from previous month
Japan’s household spending rose at a double-digit rate in May as consumers bought cars and mobile phones, though the pace of growth slowed from the prior month as a new wave of COVID-19 infections weighed on consumer confidence.
