Factbox: Fun facts from the U.S. SEC report on January’s GameStop saga
The U.S. securities regulator released its long-awaited post-mortem into January’s GameStop saga, in which retail traders banded together on social media and piled in to GameStop and other “meme” stocks in an attempt to punish hedge funds that had bet against the company, sending its shares soaring.
How green champion Sweden could end up exporting its carbon sins
When a Swedish court ordered the country’s biggest cement maker to stop mining limestone by its huge factory on the windswept island of Gotland to prevent pollution, ecologists cheered.
Marketmind: What could possibly go wrong?
Optimism for the third quarter earnings season has provided a timely boost for equity markets, which flirted with correction territory in September.
Chips and ships: Philips cuts outlook as supply chain problems grow
Dutch health technology company Philips (PHG.AS) on Monday cut its outlook for sales and profit growth this year and said the global supply chain problems that added to its growing list of worries in the third quarter would likely intensify.
Malaysia’s AirAsia X proposes paying 0.5% of $8.1 bln debt
AirAsia X Bhd (AAX) (AIRX.KL) is proposing to pay just 0.5% of debt owed to each of its creditors and to terminate all existing contracts so that it can restructure 33.65 billion ringgit ($8.1 billion) of liabilities, a document seen by Reuters shows.
Netflix’s ‘Squid Game’ estimated to be worth about $900 mln – Bloomberg News
“Squid Game,” Netflix Inc’s (NFLX.O) biggest original series launch, is estimated to be worth almost $900 million for the streaming giant, Bloomberg News reported late on Saturday, citing figures from an internal Netflix document.
New Eco-friendly Electric Vehicles Join Waste King’s Expanding Fleet
Waste King, the UK-based environmentally friendly waste collection and recycling services specialist, has started regenerating its vehicle fleet by investing in its first electrically powered trucks. In addition, it has added two ‘junk removal’ vehicles to its fleet, which is growing following continued increasing demand for its services.
EXCLUSIVE China readies plan to elevate status of antitrust unit – sources
China is considering boosting the status of its antitrust bureau within the market regulatory agency as it steps up a campaign against anti-competitive behaviour, two people familiar with the matter said.
Marketmind: Stagflation blues
Even by the conservative standards of global organisations, the International Monetary Fund is known for its cautious forecasts. So, when the Fund cut 2021 growth forecast on Tuesday and said it was growing more concerned about entrenched inflationary pressures, there is reason for investors to take notice.
World must triple clean energy investment by 2030 to curb climate change -IEA
Investment in renewable energy needs to triple by the end of the decade if the world hopes to effectively fight climate change and keep volatile energy markets under control, the International Energy Agency (IEA) said on Wednesday.
