April, 2021

• 13 April

  Oil tops $60 as investors weigh near-term demand outlook

  

  Bloomberg Oil gained, topping $60 a barrel, as investors continued to assess the recovery in consumption globally. Futures in New York rose as the dollar fell, making commodities priced in the US currency more attractive. Federal Reserve Chair Jerome Powell said that the US economy was poised for stronger growth, but he cautioned that the pandemic remains a threat. That’s …

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• 13 April

  Walmart, India’s Adani to build massive warehouse

  

  Bloomberg Walmart Inc’s e-commerce unit, Flipkart Online Services Pvt, signed a pact with tycoon Gautam Adani’s conglomerate to build one of the largest retail warehouses in India as the US giant gears up to battle Amazon.com Inc and homegrown rivals in the South Asian nation. The partnership marks the entry of Adani, India’s fastest-rising billionaire, into the three-way fight for …

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• 13 April

  UAE, Serbia discuss cooperation

  BELGRADE / WAM Mubarak Saeed Burshaid Al Dhaheri, UAE Ambassador to Serbia, and Nikola Selakovic, Minister of Foreign Affairs of Serbia, have reviewed means to further develop cooperation between the two countries. During the meeting, the two sides commended the sincere friendship and fruitful cooperation between the UAE and Serbia thanks to the distinguished relationship between the leadership of the …

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• 12 April

  Stocks fall from record highs; bond yields rise

  

  Bloomberg US stocks pushed lower while investors weighed the start of corporate earnings season and an influx of bond supply that loom as speedbumps to a roaring rally. Tech shares turned lower again after Nvidia Corp. said it’s offering the company’s first server microprocessors, extending a push into Intel Corp.’s most lucrative market. Intel shares fell more than 4% on …

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• 12 April

  Rupee tumbles with stocks as virus cases in India hit new record

  

  Bloomberg India’s deepening coronavirus crisis slammed the nation’s stocks and currency on concern it will deliver a fresh blow to an economy that’s only just recovering from the worst contraction in nearly seven decades. The Indian rupee dropped past 75 to a dollar for the first time since August 2020, while the benchmark S&P BSE Sensex Index declined as much …

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• 12 April

  Goldman’s Kostin says Biden tax plan will slash earnings

  Bloomberg Joe Biden’s tax hike proposals will deal a blow to corporate earnings growth next year, Goldman Sachs Group Inc. strategists warned, highlighting a headwind for US equities following a rally that has pushed prices to record highs. The US president wants to raise corporate income tax to 28% and set a 21% minimum levy on global corporate earnings. The …

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• 12 April

  Aggressive US climate plan puts pressure on China, India

  

  Bloomberg An ambitious pledge to cut greenhouse-gas emissions under consideration by the US gives President Joe Biden more leverage when he hosts leaders for a climate change summit later this month — presenting a particular challenge to China’s Xi Jinping. The White House may commit to emissions cuts of 50% or more from 2005 levels by 2030, Bloomberg reported this …

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• 11 April

  UK sets plan for travel return with costly test requirements

  

  Bloomberg The UK said it will decide by early next month whether Britons can resume taking international holidays on May 17, while implementing coronavirus testing rules that airlines criticised as too costly. Countries will be rated according to their Covid-19 risk in a traffic light system, the Department for Transport said. At a minimum, travellers will need to buy a …

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• 11 April

  Airbus jet deliveries accelerate in March

  

  Bloomberg Airbus SE handed over 72 aircraft last month, stepping up deliveries even as coronavirus flare-ups delayed a recovery in air travel. The surge confirmed an earlier Bloomberg report and marked the best performance so far this year for the European planemaker. Its quarterly total of 125 surpassed the 122 aircraft delivered in the year-ago period, largely before the pandemic …

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• 11 April

  UK’s Hammerson sells retail parks for $480m

  Bloomberg Struggling UK mall operator Hammerson Plc has agreed to sell its retail parks to Canadian private equity firm Brookfield Asset Management Inc for 350 million pounds ($480 million), the Sunday Times reported. Brookfield will acquire seven retail parks, giving a much-needed financial boost to the owner of Birmingham’s Bullring shopping centre. Hammerson, which owns once-prized shopping centres across the …

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