Stop funding coal abroad, NGO group tells top investor Bank of China
Bank of China (BoC) (601988.SS), a top global investor in coal- power plants, must end the financing of such projects outside the mainland and support clean and renewable energy instead, an alliance of 35 non-governmental organisations said on Tuesday.
Marketmind: Europe’s powerhouse just isn’t feeling it
As the COVID-19 Delta variant and supply chain disruptions persist globally, damage inflicted on business sentiment in Europe’s biggest economy could become clear in Wednesday’s Ifo German business sentiment index.
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.
Exclusive: IKEA’s malls arm branches out into housing with new centre in China
IKEA’s shopping malls business, one of the world’s biggest, has kicked off the sales process for some 500 flats at its first-ever mixed-use retail and residential development, in Changsha in southern China.
Dollar drifts higher as markets await jobs data for Fed clues
The dollar was supported on Friday in the lead up to the release of U.S. employment data, as markets braced for the numbers that could make the case for faster U.S. policy tightening at a time when action in Europe and Japan remains distant.
Ford raises 2021 profit outlook, eyes shift to build-to-order
Ford Motor Co (F.N) on Wednesday boosted its 2021 profit forecast after reporting better-than-expected quarterly results, lifting the No. 2 U.S. automaker’s shares nearly 3%.
MOVES Barclays picks Faruqui to share leaderhsip of EMEA M&A franchise
Barclays (BARC.L) has appointed Omar Faruqui as co-head of its mergers and acquisitions (M&A) franchise in Europe, the Middle East and Africa as part of a leadership shake-up to ride a wave of deal-making activity in the post-COVID world.
Europe sends aid to help Tunisia counter COVID surge
TUNIS, July 16 (Reuters) – Italy, Spain and Switzerland sent medical aid on Friday to Tunisia which is facing its worst health crisis since the start of the coronavirus pandemic, with a sharp rise in deaths, hospitals filled to capacity and a lack of oxygen supplies. Deaths from COVID-19 exceeded 150 per day during the […]
Analysis: Delta-spurred curbs cloud European recovery outlook
Rising coronavirus infection rates, driven by the fast-spreading Delta variant, are forcing more countries around Europe to re-impose restrictions that could cast a pall over the region’s economic recovery prospects.
Vietnam’s VinFast starts operations in North America and Europe
Vietnam’s first domestic car manufacturer, Vinfast, said on Monday it has opened offices in North America and Europe, joining a crowded field of players seeking to woo customers with smart electric cars.
