April, 2021

• 19 April

  Japan’s exports jump most since 2017

  Bloomberg Japanese exports posted a double-digit gain for the first time in more than three years in March, offering another indication that a recovery in global trade is gaining strength. The value of overseas shipments jumped 16.1% from a year ago, for the biggest increase since November 2017, led by exports of cars, plastics, semi-conductors and chip-making equipment, the finance ...

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• 19 April

  Trade tensions may disrupt supply of chip equipment: TSMC

  

  Bloomberg Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest contract chipmaker, warned for the first time that trade tensions may disrupt its access to key production equipment and hit its operations, amid increasing friction between the US and China. The company, which produces semiconductors for Apple Inc and other major global tech companies, said in its annual report released that ...

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• 19 April

  Russia hits back as US warns of response if Navalny dies

  

  Bloomberg Russia hit back defiantly after the US warned of “consequences” if jailed opposition leader Alexey Navalny dies on hunger strike, deepening the conflict over the dissident who’s already survived an alleged assassination attempt. “It’s obvious that Russia’s development as a strong, sovereign state is of no interest” to the West, Vyacheslav Volodin, speaker of the lower house of parliament ...

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• 19 April

  Chad says it repels advancing rebels; US urges staff to leave

  

  Bloomberg Chad said its army repelled rebels advancing southwards towards the country’s capital, as the US ordered non-emergency staff at its embassy to leave the country. A rebel convoy was intercepted in the southwestern Kanem region, army spokesman Colonel Azem Bermandoa said in a statement on state-run Office National de Radio et Television du Tchad. “The convoy was destroyed and ...

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• 19 April

  Modi under fire for campaigning as India reels from virus deaths

  

  Bloomberg Indian Prime Minister Narendra Modi faces growing criticism across the political spectrum for holding large election rallies as the country’s health system reels from a deadly wave of Covid-19 cases, forcing citizens to beg for oxygen and hospital beds on Twitter. Modi avoided wearing a mask at a campaign rally, saying “I’ve never seen such huge crowds” at an ...

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• 19 April

  Merkel successors head for showdown in caucus

  

  Bloomberg Angela Merkel’s conservative bloc is headed for an open confrontation with the battle between two potential successors to be voted on by her caucus in the Bundestag on Tuesday. After a late-night meeting in Berlin between Armin Laschet, the leader of Merkel’s Christian Democratic Union, and Markus Soeder, his upstart challenger from the smaller Bavarian sister party, failed to ...

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• 19 April

  Super Typhoon kills one in Philippines

  

  Bloomberg At least one person was killed and tens of thousands fled their homes as Super Typhoon Surigae made a close approach to the Philippines’ eastern provinces. A 79-year-old male was declared dead on arrival at a hospital after suffering severe head injury caused by a fallen coconut tree in Leyte province in central Philippines, the disaster risk-reduction agency said ...

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• 19 April

  Deutsche Bank builds world EM FX trading engine in Singapore

  

  Bloomberg Deutsche Bank AG is replacing its global pricing engine for emerging-market currencies in London with one in Singapore, drawn by surging trading in Asia and the increasing importance of the Chinese yuan. Locating new and more powerful computer hardware in the city-state will help the bank shave vital fractions of seconds from the time it takes to execute orders ...

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• 19 April

  ABN Amro sees quarterly loss after $574m settlement

  

  Bloomberg ABN Amro Bank NV agreed to pay 480 million euros ($574 million) to end a Dutch investigation that found “serious shortcomings” in the lender’s processes to combat money laundering. The amount will be booked in the first quarter and the lender expects a “modest” loss as a result, according to a statement on Monday. As part of the settlement, ...

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• 19 April

  Indian defaults spark rules that drag bond sales to 2008 low

  

  Bloomberg Rising defaults have prompted India to tighten oversight of corporate bond sales, causing issuance to slump in a blow to a long-sought goal of expanding the market. Offerings of rupee notes have fallen to 43.8 billion rupees ($584 million) this month, the slowest start to a financial year since 2008. That’s due in part to rules that took effect ...

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