FRANKFURT (Reuters) - The European Central Bank plans to come down on banks that are taking too much risk via financial instruments such as leveraged loans and equity-related derivatives, the ECB's top supervisor Andrea Enria said on Friday. "In key areas such as leveraged finance ...
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By Shashank Nayar (Reuters) -London's FTSE 100 was boosted by homebuilders and consumer discretionary stocks on Friday and set to end the week higher as investors shrugged off a recent jump in coronavirus infections ahead of plans for UK's lockdown being lifted this month. The FTSE 100 climbed 0.2% with homebuilders gaining the most, up nearly 1.4%. Consumer heavyweights Reckitt Benckiser, GlaxoSmithKline and Unilever (LON:ULVR) gained between 0.5% and 1.0%. Jefferies on Friday maintained its upbeat stance on UK homebuilders, lifting Barratt Developments (LON:BDEV) and Bellway (LON:BWY) to "buy" from...
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By Hyonhee Shin and Swati Pandey SEOUL/SYDNEY (Reuters) - The highly contagious Delta variant of the coronavirus is surging through Asia this week, with record numbers of infections in Australia and South Korea, prompting some countries to tighten curbs and others to hasten vaccination. The variant, first detected in India in December last year, has spread to about 100 countries and the World Health Organisation warned recently that it could soon become the dominant form of the virus. It is also driving a spike in cases in Japan, casting a pall over this month's Olympic Games....
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By Samuel Indyk Investing.com – Budget airlines Ryanair (LON:RYA) and Wizz Air (LON:WIZZ) both reported an increase in traffic in June but focus is likely to turn to a key meeting between German Chancellor Angela Merkel and UK Prime Minister Boris Johnson on how the EU and UK will approach the summer holiday season. Ryanair carried 5.3 million passengers in June, the most since the airline carried 7.0 million in August last year and the second highest number of monthly passengers since the pandemic grounded flights in April 2020. However, the figure remains well below the...
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BUDAPEST (Reuters) - Dutch criticism of Hungary over a new law on LGBT rights reeks of a moral supremacy rooted in a colonial past, Hungarian Prime Minister Viktor Orban said on Friday. EU leaders last week challenged Orban over a new law banning Hungarian schools from using materials seen as promoting homosexuality, with Dutch Prime Minister Mark Rutte telling him to respect LGBT rights or leave the bloc. "This is a colonial approach," Orban told public radio on Friday. "They just give no thought to what they can and cannot say about another nation and the...
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JOHANNESBURG (Reuters) - Data from laboratory studies show Johnson & Johnson (NYSE:JNJ)'s COVID-19 vaccine works well against the Delta variant that now dominates new infections in South Africa, the head of the country's Medical Research Council said on Friday. "All the data that we see indicate good immediate and sustained immune response against Delta, and we see surprising durability in the immune response for the single dose J&J right up to eight months," Glenda Gray told a news conference. South Africa is using the J&J and Pfizer (NYSE:PFE) vaccines in its immunisation campaign....
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SYDNEY (Reuters) - Facebook Inc (NASDAQ:FB) will provide money for an "innovation fund" for 170 regional Australian newspapers as part of a planned licensing deal, the parties said on Friday, calling the move a show of co-operation between the social media giant and local publishers. The move brings a grassroots element to a string of deals announced by Facebook in Australia since the country legislated to make it and Alphabet (NASDAQ:GOOGL) Inc's Google negotiate content payments to media outlets or risk government arbitration. Since the law took effect in February, dominant news providers like...
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(Bloomberg) -- Chinese equities slid the most since mid-March as investors rushed to offload shares after the ruling Communist Party’s 100th anniversary celebrations. The CSI 300 Index fell as much as 2.4%, the most since March 19. Liquor giant Kweichow Moutai Co. and China Merchants Bank Co. were among the top drags on the benchmark, each dropping around 4%. The gauge gained nearly 3% over the 11 sessions through Thursday, led by information technology and health-care stocks. “There were some funds betting on a safety window and stability in the market leading up to the centennial,”...
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By Saqib Iqbal Ahmed NEW YORK (Reuters) - Worries over the spread of the Delta coronavirus variant are emerging in various corners of global financial markets, even as U.S. stocks hover near record highs. The Delta variant is now present in over 90 countries and has become the most prevalent variant among new COVID-19 cases in the United States, according to California-based genomics company Helix. So far, however, it is hard to tell how much the new strain will disrupt the global growth rebound that has helped power risk assets higher in recent months....
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By Hideyuki Sano TOKYO (Reuters) - Chinese shares dropped on Friday, a day after China's Communist Party celebrated its centenary, while other regional markets held firm following Wall Street's ascent to record highs ahead of U.S. jobs data due out later in the global day. Japan's Nikkei gained 0.3% and most other markets held on to slim gains but MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.7%, due to decline in Chinese and Hong Kong shares. Shanghai Composite fell 1.2%, amid speculation the Chinese central bank could begin tightening monetary policy, and some possible...
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