April, 2022

• 14 April

  Bitcoin rises above $41,000 as analysts predict bounce

  

    Bloomberg Bitcoin climbed above $41,000, advancing along with equities after China indicated it’s about to loosen monetary policy. The largest cryptocurrency rose as much as 0.6% to $41,500 on Thursday, gaining for a second day. Katie Stockton, co-founder of Fairlead Strategies LLC, said technical indicators she follows suggest Bitcoin could be due for a short-term bounce to as high ...

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• 14 April

  TSMC raises sales outlook

  Bloomberg Taiwan Semiconductor Manufacturing Co. raised its sales outlook for the year after quarterly earnings jumped 45%, helped by solid demand for chips used in everything from smartphones to cars. Annual revenue in dollar terms will top the previous outlook for as much as 20%-plus growth, the world’s biggest contract manufacturer of chips said. Sales will rise to $17.6 billion ...

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• 13 April

  Opec Fund provides $100mn loan to Morocco to promote finacial inlcusion

  

    VIENNA / WAM The Opec Fund for International Development (Ofid) signed a $100 million loan agreement with the government of Morocco to help build an inclusive financial sector as part of broader efforts to modernise the economy and support the kingdom’s recovery from the Covid-19 pandemic. Under the “Financial and Digital Inclusion Programme”, co-financed with the World Bank, the ...

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• 13 April

  Gazprom trading unit says it won’t return to Russian control

  

  Bloomberg A group of Gazprom PJSC companies temporarily under the control of the German government will not return to the ownership of the Russian gas giant, according to the group’s trading unit. Gazprom views the separation as permanent and has already asked the companies to stop using its branding and trademarks, London-based Gazprom Marketing & Trading said in an email ...

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• 13 April

  TotalEnergies investors demand bigger climate push ahead of annual meeting

  

    Bloomberg French energy giant TotalEnergies SE will face calls to take a tougher stance on climate at its annual shareholders’ meeting next month. A group of 11 investors have filed a resolution demanding the company set and publish climate goals consistent with those of the Paris Agreement. While the shareholders represent a small portion of Total’s capital — about ...

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• 13 April

  Tesco faces profit squeeze as inflation threatens spending

  

  Bloomberg Tesco Plc warned profit will be squeezed this year as the UK’s biggest supermarket chain battles to keep prices low for consumers facing a cost of living crisis. The stock fell to its lowest level in more than six months. The grocer, along with rivals like Wm Morrison Supermarkets, is grappling with inflation that soared to a 30-year high ...

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• 13 April

  Louis Vuitton, Dior post strong revenue growth

  

    Bloomberg LVMH SE posted strong revenue growth as the world’s largest seller of luxury goods defied disruptions from the war in Ukraine and the resurgence of Covid-19 in China, a potential harbinger for the rest of the industry. First-quarter sales advanced 23% on an organic basis to 18 billion euros ($19.5 billion), led by LVMH’s biggest unit, fashion and ...

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• 13 April

  Boeing 737 Max simulator glitches prompt India to ground 90 pilots

  

    Bloomberg India barred 90 pilots from flying Boeing Co 737 Max jets after finding problems with a simulator they’d trained on to operate the aircraft, which the country cleared to fly again in August following a global grounding. A routine check of the simulator revealed deficiencies, and an investigation is underway to discover what caused them, Arun Kumar, chief ...

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• 13 April

  Walmart hires PayPal’s Rainey as CFO to succeed Biggs

  

    Bloomberg Walmart named PayPal Holdings Chief Financial Officer as its new finance chief, turning to a company outsider as it seeks to build a financial-technology venture and a membership program. Rainey will start his new job June 6, Walmart said in a statement. A veteran of United Airlines who jumped to PayPal in 2015, Rainey will replace Brett Biggs, ...

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• 13 April

  US online inflation held at 3.6% in March

  Bloomberg Online prices in the US rose 3.6% last month from a year earlier, matching February’s record high, according to data compiled by Adobe Inc. From groceries to clothes and pet products, 14 of the 18 categories tracked by Adobe recorded price increases since March 2021. Online inflation, first observed in June 2020 after years of declines, has now persisted ...

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