Analysis: Chinese tech start-ups pull IPO plans as Beijing tightens scrutiny

2/2 © Reuters. Sign for STAR Market is seen after the listing ceremony of the first batch of companies at Shanghai Stock Exchange in Shanghai 2/2 By Samuel Shen and Scott Murdoch SHANGHAI/HONG KONG (Reuters) – A growing number of Chinese tech start-ups are cancelling plans to list on Nasdaq-style markets at home with some […]

Continue Reading

U.S. Army Corps to lay out plans for Dakota Access pipeline review at hearing

© Reuters. FILE PHOTO: Law enforcement officers advance into the main opposition camp against the Dakota Access oil pipeline near Cannon Ball By Laila Kearney and Devika Krishna Kumar NEW YORK (Reuters) -The U.S. Army Corps of Engineers is expected to lay out its recommendations on the Dakota Access oil pipeline at a federal court […]

Continue Reading

Wall Street Weekahead: High-flying market to take cues from infrastructure plans, upcoming earnings

© Reuters. A U.S. flag flies outside The Federal Reserve Bank of New York in New York By Lewis Krauskopf NEW YORK (Reuters) – U.S. President Joe Biden’s massive infrastructure proposal and the upcoming corporate earnings season could offer investors fresh insight on the sustainability of a rally that has taken stocks to all-time highs. […]

Continue Reading

EU plans eco ranking for planes, flights: Welt am Sonntag

© Reuters. FILE PHOTO: An aeroplane flies underneath the jet stream of another aircraft above the Italian city of Padova FRANKFURT (Reuters) – The European Union is planning to create a new system to rank flights and aircraft according to their carbon footprint, German weekly Welt am Sonntag reported. The paper, citing documents, said the […]

Continue Reading

Exclusive: Kuwait plans to shorten oil supply deals for some Asian buyers – sources

© Reuters. FILE PHOTO: A worker rides a bicycle at the Bharat Petroleum Corporation refinery in Mumbai By Nidhi Verma NEW DELHI (Reuters) – Oil producer Kuwait Petroleum Corp (KPC) is in talks to shorten its annual supply deals with some customers in India and Japan to nine months this year to meet demand from […]

Continue Reading

Vivendi plans to distribute 60% of UMG capital to shareholders, list it by year-end

© Reuters. FILE PHOTO: French media giant Vivendi’s logo in Paris By Dominique Vidalon PARIS (Reuters) – Vivendi (OTC:) said on Saturday it planned to distribute 60% of Universal Music’s capital to investors, subject to shareholder approval, and aimed to list its most-prized asset, home to singers such as Lady Gaga and Taylor Swift, by […]

Continue Reading

Rolls-Royce plans two-week shutdown of civil aerospace business

© Reuters. File photo of an Airbus A350 with a Rolls-Royce logo at the Airbus headquarters in Toulouse (Reuters) – Britain’s Rolls-Royce (OTC:) said on Sunday it is proposing a two week operational shutdown of its civil aerospace unit over the summer as it manages costs due to the impact of the COVID-19 pandemic. The […]

Continue Reading

UK plans to tax firms that profited from pandemic: Sunday Times

© Reuters. FILE PHOTO: Britain’s Chancellor of the Exchequer Sunak outside Downing Street, in London LONDON (Reuters) – Britain plans to tax retailers and tech companies whose profits have soared during the COVID-19 pandemic, the Sunday Times reported, citing leaked emails. The government has summoned companies to discuss how an online sales tax would work, […]

Continue Reading

Euro zone pledges continued fiscal support against COVID, to work on recovery plans

2/2 © Reuters. European Union flags flutter in front of the European Commission headquarters, in Brussels 2/2 By Jan Strupczewski BRUSSELS (Reuters) – Euro zone finance ministers pledged continued fiscal support for their economies on Monday and discussed the design of post-pandemic recovery plans as the European Commission warned the COVID crisis was making the […]

Continue Reading