21 May

Sticky

Generalist funds flow back into mining as prices, inflation climb By Reuters

Posted by admin

in News

By Zandi Shabalala and Clara Denina LONDON (Reuters) - Surging prices for commodities, stronger balance sheets and rising inflation have lured back to mining stocks generalist investors that for years shunned the sector, data shows. Shares in diversified mining companies Rio Tinto (LON:RIO), BHP, Anglo American (LON:AAL) and Glencore (LON:GLEN) have doubled in the last year, as policy support measures in advanced economies in response to the COVID-19 pandemic stoked inflation. Commodities serve as a hedge against inflation, meaning their prices are expected to stay strong, and at the...

21 May

0 Comments

Sticky

Azerbaijan says it is discussing solar energy production in Karabakh with BP By Reuters

Posted by admin

in News

BAKU (Reuters) -British oil major BP (LON:BP) and Azerbaijan are discussing setting up a solar energy production facility in Karabakh, Azeri President Ilham Aliyev said on Friday, according to a video released by the state news agency Azertag. "Now both BP and Azerbaijan are very actively working on renewable sources of energy ...

21 May

0 Comments

Sticky

France says U.S. offer on global minimum tax rate is basis for compromise By Reuters

Posted by admin

in News

PARIS (Reuters) -The latest U.S. proposal in international talks on a global minimum corporate tax rate is a basis for compromise, French Finance Minister Bruno Le Maire said on Friday. The U.S. Treasury Department on Thursday offered to accept a global minimum corporate tax of at least 15%, a rate significantly below its proposed 21% minimum for U.S. multinationals. "The last proposal made by the United States could be a good compromise," Le Maire said as he arrived for talks with euro zone counterparts in Lisbon. "But the key question is clearly to have a...

21 May

0 Comments

Sticky

U.S. Treasury floats global corporate tax of at least 15% By Reuters

Posted by admin

in News

By David Lawder WASHINGTON (Reuters) - The U.S. Treasury Department on Thursday offered to accept a global minimum corporate tax of at least 15% during international negotiations, a rate significantly below its proposed 21% minimum for U.S. multinational firms. The department said the proposal was made during an Organization for Economic Cooperation and Development (OECD) tax steering group meeting on base erosion and profit shifting. The group is aiming to reach broad agreement this summer to rework rules for taxing multinational corporations and big technology companies such as Alphabet (NASDAQ:GOOGL) Inc and Facebook Inc...

21 May

0 Comments

Sticky

Bank of England aims for greener corporate bond portfolio By Reuters

Posted by admin

in News

By David Milliken LONDON (Reuters) -The Bank of England set out plans on Friday to make its 20 billion pounds ($28.4 billion) of holdings of sterling corporate bonds better aligned with government goals to achieve net zero carbon emissions. However, the central bank will not embark on an immediate sell-off of bonds issued by businesses that have high carbon emissions, such as power utilities and oil companies when it begins the rebalancing process later this year. "Divestment is a powerful tool, and should remain squarely in the toolkit. But it should be used as a credible...

21 May

0 Comments

Sticky

Taiwan presses U.S. health secretary on COVID vaccines By Reuters

Posted by admin

in News

By Yimou Lee and Ben Blanchard TAIPEI (Reuters) -Taiwan's health minister said on Friday he had spoken to his U.S. counterpart to ask for help in obtaining COVID-19 vaccines amid a spike in infections on the island and the U.S. health secretary would take the matter to President Joe Biden. The news drew a swift rebuke from China, where Foreign Ministry spokesman Zhao Lijian told reporters in Beijing that Taiwan was using the pandemic for "political manipulation". Beijing routinely condemns any high-level contacts between Washington and the island which China claims. Having for months been held...

21 May

0 Comments

Sticky

UK lender Amigo’s shares tumble as future in limbo By Reuters

Posted by admin

in News

By Iain Withers LONDON (Reuters) -Shares in guarantor lender Amigo, which is awaiting a court decision on a rescue plan, fell as much as 50% after a temporary suspension of share trading was lifted on Friday. Amigo applied to the High Court for permission to cap compensation payments to customers, saying a deluge of mis-selling claims threatened it with collapse. Subprime lenders in Britain have come under pressure from a regulatory clampdown on high cost credit providers in recent years and the pandemic has added to the strain. Amigo's rival Provident Financial (LON:PFG) quit...

21 May

0 Comments

Sticky

Tesla cars barred from some China government compounds – sources By Reuters

Posted by admin

in News

BEIJING (Reuters) - Staff at some Chinese government offices have been told not to park their Tesla Inc cars inside government compounds due to security concerns over cameras installed on the vehicles, two people with knowledge of the matter said. The people said officials of at least two government agencies in Beijing and Shanghai have been instructed verbally by supervisors not to park their Tesla electric cars at work. It wasn't clear how many cars were affected, the people said, declining to be identified due to the sensitivity of the matter. It wasn't...

21 May

0 Comments

Sticky

Investors shun tech, rush for inflation protection – BofA By Reuters

Posted by admin

in News

LONDON (Reuters) -Investors pumped money into inflation protection and dumped some tech stocks, BofA's weekly fund flow data showed on Friday, as U.S. Federal Reserve policymakers hinted at discussing tapering of government bond purchases "at some point". In the week to May 19, $1.1 billion left technology funds, the largest outflow since December 2018. Gold funds attracted $1.3 billion, BofA said. Tech stocks are particularly sensitive to rising interest rate expectations because their value rests heavily on future earnings, which are discounted more deeply when rates go up. Investors cut overweight positions on technology stocks to...

21 May

0 Comments

Sticky

Italy’s antitrust starts probe into alleged cartel among insurance companies By Reuters

Posted by admin

in News

MILAN (Reuters) - Italy's competition watchdog antitrust said on Friday it had opened an investigation into an alleged cartel among insurance companies and price comparators in the motor business. In a statement the regulator said the companies involved would regularly exchange sensitive information on the economic conditions of policies sales by sharing reports drawn up by the price comparison companies. ...

Меню

News

Generalist funds flow back into mining as prices, inflation climb By Reuters

Azerbaijan says it is discussing solar energy production in Karabakh with BP By Reuters

France says U.S. offer on global minimum tax rate is basis for compromise By Reuters

U.S. Treasury floats global corporate tax of at least 15% By Reuters

Bank of England aims for greener corporate bond portfolio By Reuters

Taiwan presses U.S. health secretary on COVID vaccines By Reuters

UK lender Amigo’s shares tumble as future in limbo By Reuters

Tesla cars barred from some China government compounds – sources By Reuters

Investors shun tech, rush for inflation protection – BofA By Reuters

Italy’s antitrust starts probe into alleged cartel among insurance companies By Reuters

FINSPECTION MANAGEMENT LTD

FINSPECTION PLC LTD

FINACOM MANAGEMENT NV