August, 2021

• 8 August

  European stocks post best week since March on profits

  

  Bloomberg European stocks closed steady at a record, posting their biggest weekly gain in five months, as traders assessed a better-than-expected increase in US payrolls and positive earnings against delta variant risks. The Stoxx 600 Europe Index ended flat in London at a historical high, bringing the week’s gain to 1.8%. Banks were the best performers, with ING Groep NV …

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• 8 August

  Kenyan shilling all set for its longest losing streak

  Bloomberg Kenya’s shilling is on track for its longest stretch of weekly losses this year, despite the central bank’s efforts to prop up the currency, as concerns about a surge in Covid-19 infections spurred dollar buying by importers. The East African nation’s currency was trading little changed at 108.72 against the dollar by 9:30 am in the capital, Nairobi, poised …

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• 8 August

  Boeing 737 Max arrives in China for flight tests

  

  Bloomberg A Boeing Co 737 Max 7 has arrived at the Shangai airport for flight tests by Chinese authorities, the Paper reported. Chinese aviation officials last month signalled they are open to conducting flight tests on the plane in a step towards lifting its grounding after more than two years. China was the first nation to ground the Max, acting …

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• 8 August

  Airbus A321 delays flare as planemaker begins ramp up

  

  Bloomberg Airbus SE has encountered issues with the production of its flagship narrow-body model, just as it begins ramping up jetliner build rates following coronavirus lockdowns. Customer Air Lease Corp said on an analyst call that some A321neo handovers due this year have been pushed back as Airbus struggles with pandemic and supply-chain issues. The lessor added in a filing …

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• 8 August

  Covid-19: Adidas suffers from weaker sales demand

  

  Bloomberg Adidas AG fell the most in four months as investors looked past a modest increase in profit guidance and focused instead on weaker demand in China and factory shutdowns in Vietnam. While revenue in Europe and North America almost doubled in the second quarter, boosted by the phasing out of pandemic restrictions and a return of major sporting events, …

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• 8 August

  Amazon lottery offers vaccinated workers cars and $500,000 cash

  

  Bloomberg Amazon.com Inc — summoning its inner Oprah — will offer cash prizes of as much as $500,000 as well as cars and vacation packages to frontline employees who can prove they have been vaccinated against Covid-19. Unwilling so far to mandate vaccinations for its 1.3-million-strong workforce, the world’s largest online retailer is hoping a corporate lottery — called Max …

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• 8 August

  Cebu Air refunds $153m to customers

  

  Bloomberg Cebu Air Inc, the largest Philippine budget carrier, said it refunded 7.7 billion pesos ($153 million) to customers, completing requests for reimbursements that were filed until June due to the pandemic. The airline processed 991,764 requests and continues to work with customers whose applications are still pending, Cebu Air said in a statement. Cebu Air in May raised $250 …

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• 8 August

  Boeing 737 Max arrives in China for flight tests

  Bloomberg A Boeing Co 737 Max 7 has arrived at the Shangai airport for flight tests by Chinese authorities, the Paper reported. Chinese aviation officials last month signalled they are open to conducting flight tests on the plane in a step toward lifting its grounding after more than two years. China was the first nation to ground the Max, acting …

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• 8 August

  United compels worker Covid shots in first for US airlines

  

  Bloomberg United Airlines Holdings Inc said workers must get vaccinated against the coronavirus, becoming the first major US carrier to impose the mandate. Employees must receive the vaccine and upload their injection record to a company database no later than October 25, although that date could change, United said in a memo. In mid-June, the Chicago-based airline began requiring new …

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• 8 August

  ING signals bumper payouts as profit surpasses expectations

  

  Bloomberg ING Groep NV beat expectations for second-quarter profit after releasing money set aside for doubtful loans, and said it will boost payouts for investors. The Dutch lender’s net income soared to 1.46 billion euros ($1.73 billion) in the three months through June from 299 million euros a year earlier. That compared to the 1.15-billion-euro average estimate of analysts surveyed …

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