08 June

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Bank of England’s Haldane says UK housing market is on fire By Reuters

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LONDON (Reuters) - Britain's housing market is "on fire" thanks to a combination of government incentives for buyers, more demand from households with more savings after the COVID lockdowns, and a lack of homes for sale, Bank of England Chief Economist Andy Haldane said. "As things stand, the housing market in the UK is on fire," Haldane said in remarks to a webinar on inequality organised by the University of Glasgow on Tuesday. He said the recent rise in house prices - which topped 10% over the 12 months to March, according to official data...

08 June

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Bank of England’s Haldane says job uncertainties are “pretty acute” By Reuters

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LONDON (Reuters) - Bank of England Chief Economist Andy Haldane said on Tuesday uncertainties about Britain's labour market remained "pretty acute" even though employment and vacancies have bounced back quickly from the COVID crisis. "We've still got more than 3 million workers on furlough across the UK and that means that uncertainties about the future jobs market remain pretty acute," Haldane said in remarks to a webinar on inequality organised by the University of Glasgow. He also said the shift to working for home could have important implications for labour market and productivity. ...

08 June

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U.S. Job Openings Jump to Fresh Record High of 9.3 Million By Bloomberg

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(Bloomberg) -- U.S. job openings rose in April to a fresh record high, along with the number of people who voluntarily left their jobs, underscoring fervent labor demand and turnover as businesses emerge from pandemic-related restrictions and the economy strengthens. The number of available positions climbed to 9.3 million during the month, the highest on data back to 2000, from an upwardly revised 8.3 million in March, the Labor Department’s Job Openings and Labor Turnover Survey, or JOLTS, showed Tuesday. The increase in vacancies was broad. The number of people who voluntarily left their jobs...

08 June

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Nvidia Slips As Report Says Arm Buyout May Take Time By Investing.com

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By Dhirendra Tripathi Investing.com – Nvidia (NASDAQ:NVDA) shares fell Tuesday following a report in Financial Times that the chipmaker may exceed the 18-month timeline it set last September to complete the $40 billion takeover of the U.K. chip designer Arm. According to the FT report, Nvidia has submitted an application to Chinese competition regulators in recent weeks and it sets in motion a period of scrutiny that could itself take up to 18 months, breaching Nvidia’s targeted deadline. Arm has as a joint venture, headquartered in Shanghai, with Chinese private equity firm Hopu Investments. Nvidia...

08 June

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Google loosens its search engine grip on Android devices in Europe By Reuters

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By Foo Yun Chee BRUSSELS (Reuters) -Google has bowed to pressure from rivals and will let them compete for free to be the default search engines on Android devices in Europe, widening a pledge to EU antitrust regulators two years ago. The move by the world's most popular internet search engine comes as the 27-country bloc considers rules that could be introduced next year to force Google (NASDAQ:GOOGL), Amazon (NASDAQ:AMZN), Apple (NASDAQ:AAPL) and Facebook (NASDAQ:FB) to ensure a level playing field for competitors. Google's Android mobile operating system runs on about four-fifths of the world's smartphones....

08 June

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U.N. Security Council backs Guterres for second term By Reuters

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NEW YORK (Reuters) - The United Nations Security Council backed Secretary-General Antonio Guterres on Tuesday for a second term, recommending that the 193-member General Assembly appoint him for another five years from Jan. 1, 2022, said Estonia's U.N. Ambassador Sven Jürgenson, council president for June. Jürgenson said the General Assembly was likely to meet to make the appointment on June 18. ...

08 June

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BOJ’s Amamiya urges Japanese banks to speed up Libor transition plans By Reuters

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By Leika Kihara TOKYO (Reuters) - Japanese financial institutions must proceed swiftly with plans to transit away from the soon-to-be-obsolete Libor benchmark to avoid disrupting financial markets, Bank of Japan Deputy Governor Masayoshi Amamiya said on Tuesday. Libor, or the London Interbank Offered Rate, is being scrapped globally at the end of this year after banks in Britain and elsewhere were fined billions of dollars for trying to rig what was once dubbed the world's most important number. The transition away from Libor could be "very challenging" due to the huge cost of changing operations, which...

08 June

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China’s May new yuan loans seen falling as central bank scales back stimulus – Reuters poll By Reuters

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BEIJING (Reuters) - New bank loans in China likely fell in May, a Reuters poll showed, as the central bank gradually scales back pandemic-driven stimulus to reduce debt and financial risks as the economy shows solid signs of recovery. Chinese banks are estimated to have issued 1.41 trillion yuan ($220.54 billion) in net new yuan loans last month, down from 1.47 trillion yuan in April, according to the median estimate in the survey of 29 economists. That would be lower than 1.48 trillion yuan issued the same month a year earlier, when policymaking was firmly in...

08 June

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Japan to keep fiscal target deadline, re-assess later this year – draft blueprint By Reuters

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By Tetsushi Kajimoto and Daniel Leussink TOKYO (Reuters) - Japan's government will stick for the moment to its goal of achieving a primary balance surplus by fiscal year 2025, but reassess the timeframe due to the economic damage caused by COVID-19, the government's draft fiscal blueprint shows. The draft, seen by Reuters, underscores the government's commitment to fixing Japan's tattered finances. Its wording could change, however, after vetting by ruling party lawmakers, some of whom want the timeframe dropped for a second year running as the costs of combating the pandemic accumulate. "Japan will aim to...

08 June

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Indivior looks beyond opioid-addiction treatments with new deal By Reuters

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(Reuters) - Opioid-addiction treatment maker Indivior said on Tuesday it was expanding into possible treatments for cannabis-related disorders through an agreement with a French privately held company. London-listed Indivior has agreed to pay Aelis Farma $30 million upfront under the agreement to work exclusively on an experimental drug which blocks a type of cannabinoid receptor. (https://refini.tv/3g3MREA) ...

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Bank of England’s Haldane says UK housing market is on fire By Reuters

Bank of England’s Haldane says job uncertainties are “pretty acute” By Reuters

U.S. Job Openings Jump to Fresh Record High of 9.3 Million By Bloomberg

Nvidia Slips As Report Says Arm Buyout May Take Time By Investing.com

Google loosens its search engine grip on Android devices in Europe By Reuters

U.N. Security Council backs Guterres for second term By Reuters

BOJ’s Amamiya urges Japanese banks to speed up Libor transition plans By Reuters

China’s May new yuan loans seen falling as central bank scales back stimulus – Reuters poll By Reuters

Japan to keep fiscal target deadline, re-assess later this year – draft blueprint By Reuters

Indivior looks beyond opioid-addiction treatments with new deal By Reuters

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