April, 2021

• 6 April

  US futures decline; Europe stocks advance to record

  

  Bloomberg American stock futures dipped, suggesting the rally that drove the S&P 500 to an all-time high may pause as concern China is curtailing loan growth tempered optimism stoked by the US economic rebound. Contracts on the S&P 500 slipped along with those on the Nasdaq 100 after large US technology stocks rise, including a surge by Facebook Inc. to …

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• 6 April

  Gold rises as investors weigh drop in yields

  

  Bloomberg Gold advanced as investors weighed a drop in real yields against solid US data that signaled a recovery from the pandemic. Bullion rises as much as 0.6% after ending it was little changed. Real yields fall for the third time in four sessions, buoying gold’s attractiveness. Still, data point to a rebound as more Americans are vaccinated against the …

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• 6 April

  Oil dips as Opec+ agrees to ease cuts, India virus cases surge

  

  Bloomberg Oil fell after Opec+ decided to increase output from next month and coronavirus cases in India surged, potentially sapping demand in the world’s third-biggest importer. West Texas Intermediate and Brent dropped around 2.6%, paring gains. Opec+ opted last week to raise production by more than 2 million barrels a day between May and July. Crude has rallied this year …

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• 6 April

  Pioneer to buy DoublePoint in $6.4b Permian deal

  

  Bloomberg Pioneer Natural Resources Co is buying DoublePoint Energy LLC in a deal valued at $6.4 billion, less than three months after completing its purchase of fellow shale driller Parsley Energy Inc. as it expands in the US Permian Basin. The deal is comprised of approximately 27.2 million shares of Pioneer common stock, $1 billion of cash and assumption of …

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• 6 April

  Vinci seals $5.8b deal marking push into renewables

  

  Bloomberg Vinci SA’s move to buy a core business of Spain’s Actividades de Construccion y Servicios SA for about 4.9 billion euros ($5.8 billion) will turn the French infrastructure giant into a global player in renewable energies. The deal that was more than six months in the making expands Vinci’s reach into Spain and Latin America, according to a statement. …

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• 6 April

  India delays again anti-pollution rules for coal power plants

  

  Bloomberg India’s environment ministry delayed anti-pollution guidelines for coal-fired power plants further, extending the compliance deadline by as long as two years. Plants located close to populated cities, including capital New Delhi, will now have to meet the standards by December 2022, a seven-year extension from the original plan to cap toxic emissions, including particulate matter, sulfur dioxide and oxides …

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• 6 April

  KKR to buy stake in Sempra for $3.37b

  Bloomberg KKR & Co agreed to pay $3.37 billion for a 20% stake in a Sempra Energy unit comprising the US company’s infrastructure assets, including a liquefied natural gas project and a Mexican renewables and pipelines operator. It’s the latest example of a broader push among US utilities eschewing diversification to focus on providing electricity and gas to homes and …

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• 5 April

  France, EU reach good deal on Air France aid: Le Maire

  

  Bloomberg The French government and the European Commission have reached an agreement in principle on fresh financial support for Air France, which has been hurt by a drop in air travel since the start of the pandemic, Finance Minister Bruno Le Maire said. “It’s very good news for Air France, it’s very good news for the whole French aviation sector,” …

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• 5 April

  Delta cancels 100 flights, temporarily reopens some of its middle seats

  

  Bloomberg Delta Air Lines Inc said it’s cancelled about 100 flights due to a staffing shortage, and as a result will allow travellers to book middle seats on some planes a month ahead of plan. “Delta teams have been working through various factors, including staffing, large numbers of employee vaccinations, and pilots returning to active status,” a spokeswoman said in …

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• 5 April

  GameStop to offer up to $1b in shares; stock declines

  Bloomberg GameStop fell on Monday after the company said it may sell up to $1 billion worth of additional shares in an at-the-market equity offering program. Shares of the video game retailer declined more than 15% to $160.96 as of 7:19 am in New York. Jefferies will manage the offering of up to 3.5 million shares, according to a statement, …

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