Hong Kong activist investor David Webb has said he will step back from posting his widely read critiques of companies and the city’s government after being diagnosed with prostate cancer.
Jun.08 — The U.K. is pressing ahead with a two-week quarantine on international arrivals, a move British Airways and other carriers say will devastate tourism. Bloomberg’s Siddharth Philip reports on “Bloomberg Markets: European Open.” …read more […]
The first stages of a South Korean government “Green New Deal” aiming to retool one of the world’s most fossil fuel-reliant economies is focused instead on protecting jobs as the country seeks to stimulate a virus-ravaged economy, activists say.
Jun.08 — Peter Kinsella, global head of FX strategy at Union Bancaire Privee Ubp SA, discusses the state of play in equities, the rally in risk assets and his outlook for the U.S. dollar. He speaks on “Bloomberg Markets: European Open.” …read more […]
Hundreds of thousands of jobs, if not millions, could be lost in Britain if aviation is not able to resume quickly, the chief executive of London’s Heathrow Airport said on Monday.
The coronavirus pandemic has had a devastating impact on companies around the world, but in poorer emerging economies where balance sheets and credit ratings were already weak, the damage is looking particularly widespread.
Shares in Britain’s AstraZeneca opened 2% lower on Monday after a report it had approached U.S. rival Gilead Sciences about a possible merger to form one the world’s largest drug companies.
Jun.08 — Alex Booth, head of market analysis at Kpler SAS, discusses the outlook for oil supply and demand after after OPEC and its allies agreed to extend historic output curbs by an extra month, promising stricter compliance to ensure members don’t pump more than they pledged. Booth speaks on “Bloomberg Markets: European Open.” …read more […]
Samsung Group’s leader, Jay Y. Lee, appeared before a South Korean court on Monday, awaiting a ruling on whether new allegations including accounting fraud and stock manipulation will send him back to jail after more than two years of freedom.
Ryanair will not cancel flights to and from the United Kingdom despite the government introducing a 14-day quarantine for international travellers because it is seeing thousands of Britons booking holidays, boss Michael O’Leary said on Monday.
Two non-executive directors of EasyJet are to step down from the board later this year in line with corporate governance best practice, having each served for nine years, the British airline said on Monday.
Jun.08 — New Zealand will remove social distancing requirements after reporting zero active cases of Covid-19, indicating it has achieved its aim of eliminating the virus. Prime Minister Jacinda Ardern said Monday at a briefing that all remaining restrictions on people and businesses, other than strict border controls to keep the virus out, will be lifted at midnight tonight, paving the way for a resumption of normal life. …read more […]
Asia shares advanced on Monday after a surprise recovery in U.S. employment lifted hopes of a quicker global economic revival after many weeks of lockdowns aimed at controlling the coronavirus pandemic.
Credit Suisse is banking on risk-taking billionaires to drive revenue growth at its wealth management division.
The coronavirus is putting Egypt’s private cement industry under even more pressure.
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