31 August

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Slow Fed Tapering Would Send Yields Higher, Schwab’s Jones Says By Bloomberg

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(Bloomberg) -- Charles Schwab’s Kathy Jones believes yields should be higher to better reflect the growth seen in the U.S. economy, and increasing calls for the Federal Reserve to taper swiftly will only keep yields low for longer. “My feeling on tapering is the slower they go, the higher the yield,” Jones, chief fixed income strategist at Charles Schwab (NYSE:SCHW) & Co., said Tuesday in an interview on Bloomberg TV’s “Surveillance” show. “The reason is, of course, because tapering is the first step toward tightening policy and reducing liquidity, slowing growth, aggregate...

31 August

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Weekly Comic: The Fed Prepares to Stop Digging By Investing.com

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By Geoffrey Smith Investing.com -- The first rule of holes is famously that when you’re in one, stop digging. At Jackson Hole last week, Federal Reserve Chairman Jerome Powell - just about - managed to abide by the rule. True, there was no clear announcement of a start to the ‘tapering’ of bond purchases that – 18 months after the start of the pandemic – are still running at a staggering $120 billion a month. As Nordea’s Andreas Steno Larsen put it, the speech was so lacking in drama, or indeed anything new, that “It almost...

31 August

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OPEC+ sees tighter oil market until May 2022 By Reuters

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By Rania El Gamal, Ahmad Ghaddar and Alex Lawler DUBAI/LONDON (Reuters) -OPEC+ expects the oil market to be in deficit at least until the end of 2021 and stocks to stay relatively low until May 2022, OPEC+ sources said on Tuesday, a day ahead of a policy meeting amid U.S. pressure to raise production. The Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, collectively known as OPEC+, meet on Wednesday at 1500 GMT to set policy. Sources told Reuters the meeting is likely to roll over existing policies despite pressure from...

31 August

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U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 0.41% By Investing.com

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Investing.com – U.K. equities were lower at the close on Tuesday, as losses in the Fixed Line Telecommunications, Oil & Gas Producers and Banking sectors propelled shares lower. At the close in London, the Investing.com United Kingdom 100 declined 0.41%. The biggest gainers of the session on the Investing.com United Kingdom 100 were Bank VTB PAO DRC (LON:VTBRq), which rose 5.13% or 0.068 points to trade at 1.394 at the close. Ferguson Plc (LON:FERG) added 2.74% or 280.0 points to end at 10505.0 and Samsung Electronics Co Ltd DRC (LON:0593xq) was up 1.84% or 29.50 points...

31 August

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Novavax Up as Covid Shot Trial Volunteers Count as Fully Vaccinated By Investing.com

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By Dhirendra Tripathi Investing.com – Novavax stock (NASDAQ:NVAX) rose 2.5% Tuesday, a day after U.S. Centers for Disease Control and Prevention said that participants in the company’s late-stage Covid-19 vaccine trial can be considered fully vaccinated two weeks after completing their two-dose regimen. The CDC said the guidance is not an endorsement of the shot, which is yet to be authorized for use in the country. Novavax expects to file for U.S. emergency use authorization by December. The company has filed for regulatory authorization for its shot in India, Indonesia and the...

31 August

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Czech ‘Uber for trucks’ company set for September London float By Reuters

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By Abhinav Ramnarayan LONDON (Reuters) - Czech payments firm Eurowag plans to launch an initial public offering (IPO) in London in the coming weeks, according to two sources familiar with the plans, in a deal that could kick off what is expected to be a hectic season for share sales. The company, which counts private equity firm TA Associates among its owners and offers payments solutions for the transportation industry, is targeting a 2 billion euro ($2.36 billion) market capitalisation, the sources said on condition of anonymity. Citi, Jefferies and Morgan Stanley ...

31 August

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Greek PM sacks public order minister after wildfires By Reuters

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By Angeliki Koutantou and George Georgiopoulos ATHENS (Reuters) -Greek Prime Minister Kyriakos Mitsotakis replaced his public order and tourism ministers on Tuesday and created a new civil protection post following sharp criticism of the government's response to a spate of summer wildfires. More than a quarter of a million hectares of pine forests were destroyed in August by blazes that burned for several days https://www.reuters.com/world/europe/new-fire-burns-outside-athens-evacuations-ordered-2021-08-16 across Greece, with flames reaching the outskirts of Athens. Homes and businesses were destroyed, two people were killed and thousands were forced to evacuate. Mitsotakis, whose conservative government took office in...

31 August

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Tencent terminates all exclusive music agreements By Reuters

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SHANGHAI (Reuters) - Tencent Holdings (HK:0700) said on Tuesday it has exited all exclusive music copyright agreements it had been engaged in after Chinese regulators barred it from such deals last month. Tencent said it had notified all parties it had been engaged in such agreements with in a statement on its official WeChat account. ...

31 August

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U.S. Home-Price Gains Set Another Record, Fueled by Bidding Wars By Bloomberg

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(Bloomberg) -- U.S. home prices once again jumped the most in more than 30 years. The S&P CoreLogic Case-Shiller index of property values nationwide surged 18.6% in June from a year earlier, according to a statement on Tuesday. That followed a 16.8% gain in May and was the 13th straight month that price gains accelerated. June’s increase was the largest in data going back to 1988 as buyers, armed with cheap mortgages, competed for a tight supply of homes, fueling bidding wars across the country. “The last several months have been extraordinary not only...

31 August

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South Korea’s parliament passes bill to curb Google, Apple commission dominance By Reuters

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By Heekyong Yang SEOUL (Reuters) - South Korea's parliament on Tuesday approved a bill that bans major app store operators such as Google and Apple from forcing software developers to use their payment systems, effectively stopping them from charging commissions on in-app purchases. It is the first such curb by a major economy on the likes of Apple Inc (NASDAQ:AAPL) and Alphabet (NASDAQ:GOOGL) Inc's Google, which face global criticism for requiring the use of proprietary payment systems that charge commissions of up to 30%. The final vote was 180 in favour out of 188...

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News

Slow Fed Tapering Would Send Yields Higher, Schwab’s Jones Says By Bloomberg

Weekly Comic: The Fed Prepares to Stop Digging By Investing.com

OPEC+ sees tighter oil market until May 2022 By Reuters

U.K. shares lower at close of trade; Investing.com United Kingdom 100 down 0.41% By Investing.com

Novavax Up as Covid Shot Trial Volunteers Count as Fully Vaccinated By Investing.com

Czech ‘Uber for trucks’ company set for September London float By Reuters

Greek PM sacks public order minister after wildfires By Reuters

Tencent terminates all exclusive music agreements By Reuters

U.S. Home-Price Gains Set Another Record, Fueled by Bidding Wars By Bloomberg

South Korea’s parliament passes bill to curb Google, Apple commission dominance By Reuters

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