06 July

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Asia opens higher, but China tech worries weigh on Hong Kong By Reuters

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By Scott Murdoch HONG KONG (Reuters) - Most Asian share markets opened a fraction higher on Tuesday, ahead of a key decision by Australia's central bank on its quantitative easing programme and despite ongoing concerns over the future regulation of China's powerful technology sector. U.S. markets were closed on Monday to mark the Independence Day holiday, leaving the Asian region without a strong lead to start trading on Tuesday. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.05%. In Hong Kong, the Hang Seng Index was down 0.7% while China's CSI300 was...

06 July

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Adviser Glass Lewis flags risks from Adani ‘unconscionable conduct’ By Reuters

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MELBOURNE (Reuters) - Proxy advisory firm Glass Lewis has recommended shareholders vote against the reelection of a member of Adani Enterprises' risk committee after an Australian court criticised "unconscionable conduct" in its Australian port business. Adani Enterprises' Australian unit, Bravus Mining & Resources, has been involved in a controversial project to develop the Carmichael mine in Queensland to sell thermal coal into India, despite concerns about global warming. But it was a decision by the Queensland Supreme Court that found the unit engaged in monopolistic business practices that prompted Glass Lewis' recommendation. The Queensland Supreme...

06 July

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Up to 1,500 businesses affected by ransomware attack, U.S. firm’s CEO says By Reuters

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By Raphael Satter WASHINGTON (Reuters) - Between 800 and 1,500 businesses around the world have been affected by a ransomware attack centered on U.S. information technology firm Kaseya, its chief executive said on Monday. Fred Voccola, the Florida-based company's CEO, said in an interview that it was hard to estimate the precise impact of Friday's attack because those hit were mainly customers of Kaseya's customers. Kaseya is a software company which provides software tools to IT outsourcing shops: companies that typically handle back-office work for companies too small or modestly resourced to have their own tech...

06 July

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Respect financial watchdog independence, UK lawmakers tell ministry By Reuters

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By Huw Jones LONDON (Reuters) - Britain's finance ministry should avoid crimping the independence of financial regulators by overloading them with requests for post-Brexit rule amendments, UK lawmakers said on Tuesday. Having fully left the European Union at the end of December, Britain can now write its own financial rules as it seeks to sharpen London's competitiveness as a leading global financial centre. Some shareholder groups have suggested this could lead to lower standards, but Tuesday's report from parliament's Treasury Select Committee said that the independence of regulators from political interference must remain a key...

06 July

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Samsung Electronics Q2 profit likely up 38% on strong chip prices By Reuters

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By Joyce Lee SEOUL (Reuters) - Samsung Electronics (LON:0593xq) Co Ltd 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. Operating profit for the world's biggest memory chip and smartphone maker likely jumped to 11.3 trillion won ($10 billion), according to a Refinitiv SmartEstimate drawn from 20 analysts and weighted toward those who are more consistently accurate. The South Korean tech giant's strong performance - coming despite it shipping fewer smartphones...

06 July

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Britain’s Heathrow Airport reopens Terminal 3 ahead of travel pick-up By Reuters

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LONDON (Reuters) - Britain's Heathrow Airport said on Monday it would reopen a terminal this month as it prepares for a higher numbers of travellers with the government expected to scrap quarantine requirements for fully vaccinated passengers to some countries. Heathrow, Britain's busiest airport, said it would reopen Terminal 3 from July 15 for Virgin Atlantic and Delta flights. The terminal was shut in May 2020 as passenger numbers plunged during the pandemic but after more than a year of restricted travel, the aviation industry in Britain is preparing for growth. "With...

06 July

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Chinese regulators suggested Didi delay its U.S IPO – WSJ By Reuters

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(Reuters) - China’s cybersecurity watchdog suggested Didi Global Inc delay its initial public offering and urged it to review its network security, weeks before the Chinese ride-hailing giant went public, the Wall Street Journal reported on Monday, citing people familiar with the matter. It isn’t known whether Didi carried out its own review, according to the WSJ report. [https://on.wsj.com/3jKuGWx] But a person close to the company told the newspaper the company ultimately decided to go ahead with the IPO as it faced increasing investor pressure for a big payout. The Cyberspace Administration of China (CAC) launched...

05 July

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EU condemns Belarus ‘pressuring’ Lithuania with migrants -Michel By Reuters

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(Corrects in 5th paragraph that Michel said he'd speak with Iraqi president, not PM, next week) By Andrius Sytas VILNIUS (Reuters) -The European Union "speaks with one voice" in condemning a decision by Belarus to allow illegal migrants to cross into Lithuania in response to EU sanctions, European Council President Charles Michel said on Monday. The Lithuanian government declared a countrywide emergency on Friday as the flow of mainly Iraqi migrants arriving from Belarus reached around 150 per day, more than had entered annually in any of the preceding three years. "My European Council colleagues are...

05 July

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BoE staff to work at least 1 day a week from office from September By Reuters

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LONDON (Reuters) - The Bank of England has asked its staff to work at least one day a week from its offices from September, an official said on Monday as Prime Minister Boris Johnson announced England was set to end social and economic COVID-19 restrictions from July 19. Joanna Place, the BoE's chief operating officer, said the central bank was expecting that over time staff would spend three or four days a week on average in their workplaces, and one or two days working from home. "My own personal view is that the pull...

05 July

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Didi U.S. debut overshadowed by China cybersecurity probe By Reuters

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BEIJING (Reuters) - China's cyberspace regulator has announced a cybersecurity investigation into Chinese ride-hailing giant Didi Global Inc and ordered that Chinese app stores halt downloads of its app, days after the company's U.S. initial public offering. Following are key events in Didi's IPO: Oct 20, 2020 - Didi is considering Hong Kong for an IPO in 2021, Reuters reports, dropping previous aims to list in New York amid rising Sino-U.S. tensions, with a target valuation of more than $60 billion. March 24, 2021 - Didi leans towards New York over Hong Kong for its...

Меню

Asia opens higher, but China tech worries weigh on Hong Kong By Reuters

Adviser Glass Lewis flags risks from Adani ‘unconscionable conduct’ By Reuters

Up to 1,500 businesses affected by ransomware attack, U.S. firm’s CEO says By Reuters

Respect financial watchdog independence, UK lawmakers tell ministry By Reuters

Samsung Electronics Q2 profit likely up 38% on strong chip prices By Reuters

Britain’s Heathrow Airport reopens Terminal 3 ahead of travel pick-up By Reuters

Chinese regulators suggested Didi delay its U.S IPO – WSJ By Reuters

EU condemns Belarus ‘pressuring’ Lithuania with migrants -Michel By Reuters

BoE staff to work at least 1 day a week from office from September By Reuters

Didi U.S. debut overshadowed by China cybersecurity probe By Reuters

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