August, 2021

• 30 August

  Credit Suisse delays US office return for unvaccinated staff

  

  Bloomberg Credit Suisse Group AG has pushed back the date from which it will require all US staff to return to the office to October 18, as the delta variant of Covid-19 continues to spread, according to a memo sent to staff and seen by Bloomberg. A September 7 return-to-office date remains in place for vaccinated workers, with those who ...

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• 30 August

  Axis Bank plans unusual note offering riskier ESG exposure

  Bloomberg An Indian bank is planning to tap the offshore market for its debut sustainable perpetual bond amid growing demand for both riskier bank debt and sustainable investments. Axis Bank has hired banks to arrange investor meetings ahead of a potential Basel-compliant additional Tier I note sale, the proceeds of which are earmarked for green and social projects, a person ...

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• 30 August

  Bankers in basement as UK lender rolls out hybrid offices

  

  Bloomberg Some two dozen Metro Bank Plc office staff got an early taste of what hybrid working will look like this week as they trialled their firm’s new approach to office life. Hovering outside the lender’s Moorgate branch in the City of London until it opened at 8:30 am, colleagues on the bank’s financial crime team greeted each other in ...

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• 30 August

  China’s tech stocks rally to start week as investors eye bottom

  

  Bloomberg Chinese technology shares climbed on Monday after recording their best weekly advance since January as bargain hunters continued to load up on the beaten-down sector. The Hang Seng Tech Index rallied 1.1%, led by live streaming giant Kuaishou Technology and Alibaba Health Information Technology Ltd. Food delivery company Meituan erased earlier losses and rise 1.5% ahead of its results, ...

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• 30 August

  Stocks, futures steady on dovish Powell stance

  

  Bloomberg Stocks in Europe and US futures were steady on Monday, bolstered by Jerome Powell’s signal that pandemic-era Federal Reserve policy support will be withdrawn cautiously and gradually. Contracts on the S&P 500 were little changed and those on Nasdaq 100 edged higher after a record Wall Street close in the wake of Chair Powell’s Jackson Hole speech, while the ...

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• 30 August

  India, UAE explore trade prospects in agri sector

  

  NEW DELHI / WAM The Trade Promotion Council of India on Sunday held a webinar on “India-UAE: Trade and Investment Opportunities in Agri and Food Processing.” The webinar aimed at briefing the Indian stakeholders on trade, investment and collaboration opportunities specifically in the food, beverages, food processing and packaging technology sectors in the UAE. The webinar highlighted how India and ...

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• 30 August

  BP, PetroChina spin out Iraq’s Rumaila field into new company

  

  Bloomberg BP Plc and PetroChina Co formed a joint venture to manage the giant Rumaila field in Iraq, an operating structure the British oil major has adopted in other parts of the world as it focuses on the energy transition. BP is at the beginning of transformation to slash emissions and hydrocarbon output, while ramping clean-energy production. That strategy sits ...

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• 30 August

  Dutch ad watchdog tells Shell to pull ‘campaign’

  Bloomberg The Netherlands’ advertising watchdog ruled that a Royal Dutch Shell Plc advertising campaign that said customers can offset the carbon emissions from their fuel purchases is misleading. Shell offers customers the option of paying extra for fuel, such as gasoline, saying it will use the proceeds to plant trees and re-absorb carbon dioxide from the atmosphere. The Advertising Code ...

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• 30 August

  Vietnam Airlines aims to start first US route in Oct

  

  Bloomberg Vietnam Airlines JSC is pushing ahead with plans to start its first flights to the US in late October even as it seeks to mitigate losses from the virtual suspension of operations during the nation’s worst coronavirus outbreak. The carrier will use either Boeing Co 787 or Airbus SE A350 aircraft for its inaugural US route — Ho Chi ...

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• 30 August

  BA proposes new unit to lower costs at Gatwick

  

  Bloomberg British Airways (BA) is prepared to bring back short-haul flights at London Gatwick airport that were terminated at the start of the coronavirus crisis, if unions back the formation of a new unit with less costly contracts. The end of furlough support from the UK government combined with lingering travel curbs means the restoration of European flights at Gatwick ...

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