19 May

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EU leaders to urge UK to respect rights of travelling citizens By Reuters

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BRUSSELS (Reuters) - European Union leaders will urge Britain to respect the rights of their citizens, according to a draft of the statement they will agree at a summit next week, a reference to concerns about the handling of EU nationals by British immigration authorities. "The European Council calls on the UK to respect the principle of non-discrimination among member states and the rights of EU citizens," said the draft, a copy of which was seen by Reuters. The comments come amid concern about reports that European Union citizens have been detained, some for several...

19 May

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Study shows AstraZeneca vaccine works well as third booster – FT By Reuters

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(Reuters) - The COVID-19 vaccine of AstraZeneca (NASDAQ:AZN) Plc and Oxford University works well as a third booster dose, stepping up antibodies to the coronavirus spike protein among participants in a study, the Financial Times said https://www.ft.com/content/c5297d58-ad6d-490f-89e0-74f9c13377e4 on Wednesday. The news comes as vaccine makers warn that the world will need yearly booster shots, or new vaccines, to tackle virus variants, although some scientists question if such shots are necessary. The newspaper quoted a person familiar with the results of the study as saying it showed the antibody reaction to the booster shot was "strong...

19 May

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TJX Earnings, Revenue beat in Q1 By Investing.com

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TJX (NYSE:TJX) reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations. TJX announced earnings per share of $0.44 on revenue of $10.09B. Analysts polled by Investing.com anticipated EPS of $0.301 on revenue of $8.55B. TJX shares are up 4% from the beginning of the year and are trading at $73.00 , down-from-52-week-high.They are under-performing the S&P 500 which is up 9.9% from the start of the year. TJX shares gained 2.61% in pre-market trade the report. TJX follows other major Services sector earnings this month TJX's report...

19 May

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Sterling shrugs at rising inflation, hovers below $1.42 By Reuters

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By Ritvik Carvalho LONDON (Reuters) - Sterling traded flat to the dollar and hit its lowest in more than a week against a broadly stronger euro on Wednesday, after data showed a doubling of consumer price inflation in Britain in April. British consumer prices rose by 1.5% in April, the Office for National Statistics said, following a 0.7% rise in March. A Reuters poll of economists had pointed to an increase of 1.4%. The Bank of England says inflation in Britain is heading above its 2% target and will hit 2.5% at the end of 2021...

19 May

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Nasdaq Futures Down 175 Pts; Tech Sector Under Pressure By Investing.com

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By Peter Nurse Investing.com - U.S. stocks are seen opening sharply lower Wednesday, continuing the downward move from the previous session, with the tech sector under particular pressure ahead of the minutes of the latest Federal Reserve meeting. At 7:05 AM ET (1205 GMT), the Dow Futures contract was down 235 points, or 0.7%, S&P 500 Futures traded 36 points, or 0.9%, lower, and Nasdaq 100 Futures dropped 175 points, or 1.3%. On Tuesday, the major indices all ended in the red after a late selloff, with tech stocks giving up their gains and energy shares...

19 May

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Analog Devices Earnings, Revenue beat in Q2 By Investing.com

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Analog Devices (NASDAQ:ADI) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations. Analog Devices announced earnings per share of $1.54 on revenue of $1.66B. Analysts polled by Investing.com anticipated EPS of $1.45 on revenue of $1.61B. Analog Devices shares are down 1% from the beginning of the year and are trading at $145.89 , down-from-52-week-high.They are under-performing the Nasdaq which is up 3.22% from the start of the year. Analog Devices follows other major Technology sector earnings this month Analog Devices's report follows an...

19 May

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An audit gave the all-clear. Others alleged slavery By Reuters

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By A. Ananthalakshmi, Liz Lee and Mei Mei Chu KUALA LUMPUR (Reuters) - In December 2020, with coronavirus infections spreading rapidly across factories and workers' dormitories in Malaysia, officials raided latex glove maker Brightway Holdings near Kuala Lumpur. They said they found workers living in shipping containers, under conditions so squalid that human resources minister M. Saravanan later likened them to "modern slavery." Nineteen months earlier, inspectors from a social-auditing firm - private contractors that help companies monitor environmental, social and other ethical standards in industries from toys to palm oil - had visited the same...

19 May

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ECB’s de Guindos says credit still cheap but caution needed By Reuters

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FRANKFURT (Reuters) -Euro zone governments, households and companies can still borrow cheaply despite a recent rise in yields, but the European Central Bank should be cautious in removing support for the debt market, ECB Vice President Luis de Guindos said on Wednesday. With infections falling and the euro zone's economy slowly reopening, investors have begun to factor in a reduction in the pace of ECB bond purchases, causing borrowing costs on financial markets to rise in recent weeks. [GVD/EUR] De Guindos said the present level of bond yields was still conducive to "favourable" financing conditions -...

19 May

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Iceland Raises Main Rate as House Prices, Wages Drive Inflation By Bloomberg

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(Bloomberg) -- Iceland’s central bank raised its main interest rate by a quarter of a percentage point, as policy makers react to above-target inflation spurred by declines in the krona, rising labor costs and higher house prices. The seven-day term deposit rate was raised to 1%, marking the first time in 2 1/2 years Iceland resorted to monetary policy tightening. “Inflationary pressures appear to be widespread,” Reykjavik-based Sedlabanki said on Wednesday. “This is due to a number of factors, including the depreciation of the krona in 2020 and steep rises in wages and house prices.” The...

19 May

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Ireland opposes much of EU corporate tax plan – minister By Reuters

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DUBLIN (Reuters) - Ireland will oppose much of the European Commission's plan for a more unified corporate tax regime across the bloc and believes it will be joined by many other sceptical member states, Finance Minister Paschal Donohoe said on Wednesday. The European Union's executive adopted the proposals on Tuesday. Its plans for EU corporate taxation rules have failed before, as setting tax rates is a jealously guarded prerogative of national parliaments, not least in low-tax Ireland. "Given my understanding of much of what has been proposed by the Commission, there is much...

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News

EU leaders to urge UK to respect rights of travelling citizens By Reuters

Study shows AstraZeneca vaccine works well as third booster – FT By Reuters

TJX Earnings, Revenue beat in Q1 By Investing.com

Sterling shrugs at rising inflation, hovers below $1.42 By Reuters

Nasdaq Futures Down 175 Pts; Tech Sector Under Pressure By Investing.com

Analog Devices Earnings, Revenue beat in Q2 By Investing.com

An audit gave the all-clear. Others alleged slavery By Reuters

ECB’s de Guindos says credit still cheap but caution needed By Reuters

Iceland Raises Main Rate as House Prices, Wages Drive Inflation By Bloomberg

Ireland opposes much of EU corporate tax plan – minister By Reuters

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