March, 2021

• 15 March

  Chinese stocks drop as data deepens liquidity concerns

  

  Bloomberg China’s stocks slumped, as a neutral lending stance from the central bank and data showing surging economic activity renewed concerns about tightening liquidity. The CSI 300 Index closed 2.2% lower, after falling nearly 3% in afternoon trading. Stocks had initially pared losses on data showing growth rates of more than 30% for key economic indicators. Traders said sentiment was …

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• 15 March

  US futures climb with European stocks, oil

  

  Bloomberg US futures and European stocks climbed on Monday as investors considered the outlook for inflation and vaccine progress. Travel companies and automakers led the Stoxx 600 Index to the highest level in a year. Danone, the world’s largest yogurt maker, jumped 5% after announcing it would replace its chairman. Brent crude topped $69 a barrel as economic data from …

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• 15 March

  India foreign-exchange reserves become world’s fourth biggest

  

  Bloomberg India’s foreign-exchange reserves surpassed Russia’s to become the world’s fourth largest, as the South Asian nation’s central bank continues to hoard dollars to cushion the economy against any sudden outflows. Reserves for both countries have mostly flattened out this year after months of rapid increase. India pulled ahead as Russian holdings declined at a faster rate in recent weeks. …

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• 15 March

  UAE calls for UN action to stop armed groups hindering aid

  NEW YORK / WAM The UAE urged the UN Security Council (UNSC) to unequivocally condemn the obstruction of the delivery of humanitarian aid by armed groups and demand that they fully respect their obligations under international humanitarian law. The UAE submitted a written statement to UN Security Council for its open debate on conflict and food security convened by United …

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• 15 March

  Atomic power must to hit green goal

  

  Bloomberg Japan’s biggest utility and the owner of the wrecked Fukushima nuclear power plant said it needs atomic energy to meet its pledge to cut its carbon dioxide emissions in half by 2030. It will take time to boost capacity of renewable energy, such as offshore wind, which makes nuclear energy indispensable for the company to curb CO2 emissions 50% …

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• 15 March

  Goldman weighs sale of majority stake in Japan Renewable

  

  Bloomberg Goldman Sachs Group Inc. is exploring a sale of its majority stake in Japan Renewable Energy Corp. that could raise about $2.5 billion. Goldman is working with financial advisers on the potential sale of its 75% stake in Japan Renewable, the people said, asking not to be identified because the matter is private. The sale has drawn preliminary interest …

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• 15 March

  Coal India approves 32 mining projects worth $6.4 billion

  

  Bloomberg Coal India Ltd. approved an investment of about 473 billion rupees ($6.4 billion) on mining projects as the company seeks to boost output to replace imports of the fuel, the Kolkata-based miner said in an emailed statement. The approvals include eight new projects as well as expansion plans for 24 existing mines, Coal India said. The 32 sites will …

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• 15 March

  Nest to invest $347m in renewable energy

  Bloomberg Nest Corp., the UK’s biggest pension fund by members, will invest $347 million in renewable energy through a partnership with investment manager Octopus Renewables. Nest’s managers are looking to diversify fund’s holdings and support transition towards clean energy. It’s part of a growing wave of investment by institutional investors into renewable energy assets. “The energy transition will require a …

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• 15 March

  Australia to aid tourism with 800,000 half-price airfares

  

  Bloomberg Australia’s government will subsidise 800,000 half-price air fares as part of a A$1.2 billion ($920 million) package to prop up the nation’s ailing tourism industry. To run from April 1 to July 31, the discounted fares are designed to help tourism-dependent regions and should support airlines, hotels and hospitality venues, Prime Minister Scott Morrison said in a statement. The …

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• 15 March

  Amazon ordered to shut Canada facility

  

  Bloomberg Amazon.com Inc. has been ordered to close a facility outside Toronto for two weeks as public health officials worry about rising Covid-19 cases inside the complex. While the rate of Covid-19 infection has been falling in the Peel region in the past few weeks, the rate inside the Brampton, Ontario, fulfillment center “has been increasing significantly,” the local health …

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