Tag: Economies

Millions of Britons Could Face ‘National Shortage’ of Turkeys This Christmas

September 27, 2021
BPBrexitBusiness & EconomyEconomieslabor shortagepandemicsupply chaintemporary visasUKWorld
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Millions of Britons could face a “national shortage” of turkeys, toys, and trees this Christmas due to a lack of skilled European employees following Brexit, according to the chair of a farming association. The Road Haulage Association (RHA) last month said the UK is facing a shortage of around 100,000 HGV drivers, which along with Brexit, has…

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Risk FX Rallies, Safe Havens Offered as Evergrande Fears Ebb

September 27, 2021
Asia & PacificAustraliaAustralianBusiness & EconomyCanadaChinaChina Business & EconomyCompaniesDollarEconomieseconomyEuropeevergrandefearsFXMarketsUKUSUS NewsWorld
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LONDON—The risk-sensitive Australian dollar rallied and the safe-haven yen dipped to a nearly three-month low on Monday, as fears of widespread market contagion from indebted China Evergrande Group receded. Rising commodity prices also helped the Aussie and Norway’s crown, while the yen was pressured as higher U.S. yields attracted Japanese investor money. The euro traded…

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European Stocks Rise, Wall Street Futures Point to Gains as Investors Digest German Election Outcome

September 27, 2021
Business & EconomyEconomieseconomyEuropeEuropean marketsGerman electionInternationalInvestmentMarket WatchMarketsUSUS NewsWall Street futuresWorld
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European stocks edged up and Wall Street futures pointed to early gains as investors digested the outcome of the election in Germany, with apparent relief that the far-left Linke party failed to secure enough votes to enter Parliament and so boosting the likelihood of a more centrist ruling coalition. Germany’s blue-chip DAX was up 137.10…

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Oil Shares Lead Charge as Crude Hits New 3-Year Highs

September 27, 2021
Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniescrudeEconomieseconomyEuropeHK BusinessHong KongInternationalInvestmentMarketsOilSharesUKUSWorld
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LONDON—World shares rose on Monday, led by sharp gains in energy shares as crude oil prices soared to three-year highs of almost $80 a barrel while European stocks firmed after Germany’s election results ruled out chances of a purely left-wing coalition. Stock markets benefited too from an ostensible easing in Sino–U.S. tensions and Chinese authorities’…

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APPEC: Global Oil Demand Seen Reaching Pre-Pandemic Levels by Early 2022

September 27, 2021
APPECAsia & PacificBusiness & EconomyCompaniesdemandEconomiesInternationalMiddle EastOilpandemicWorld
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Global oil demand is expected to reach pre-pandemic levels by early next year as the economy recovers, although spare refining capacity could weigh on the outlook, producers and traders said at an industry conference on Monday. The outlook is in line with a bullish forecast from the Organization of the Petroleum Exporting Countries (OPEC), but…

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Oil Gains for Fifth Day Amid Supply Constraints

September 27, 2021
Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniesConstraintsEconomiesgainsIndiaInternationalOilsupplyWorld
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TOKYO—Oil prices rose for a fifth straight day on Monday with Brent heading for $80 amid supply concerns as parts of the world sees demand pick up with the easing of pandemic conditions. Brent crude was up 92 cents or 1.2 percent at $79.01 a barrel by 0208 GMT, having risen a third consecutive week…

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Democrats ‘Reach Agreement’ to Raise $600 Cap on Biden’s Proposal on IRS Reporting and Surveillance

September 27, 2021
Business & EconomyDemocratsEconomieseconomyExecutive BranchInternal Revenue Servicemoney launderingpersonal dataPolicyPoliticstax gapUSUS News
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Democrats have said they plan to raise the threshold of President Joe Biden’s radical proposal that all bank transactions of more than $600 be reported to the Internal Revenue Service (IRS). The initial proposal (pdf)—which Biden says is aimed at curbing tax evasion—would require banks and other financial institutions to report to the IRS any deposits or withdrawals totaling…

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Moody’s Upgrades Hungary’s Rating on Strong Rebound in Boon for Orban

September 27, 2021
Business & EconomyEconomiesEuropeHungarymoodyratingViktor OrbanWorld
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BUDAPEST—Ratings agency Moody’s late on Friday raised Hungary’s sovereign credit rating to ‘Baa2’ from ‘Baa3’ on the economy’s strong rebound from the pandemic, which comes as a boon to Prime Minister Viktor Orban amid a campaign for early 2022 elections. Orban, the country’s longest-serving leader since Communist times, faces what could be Hungary’s first tight…

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US SEC Delays Certain Assets From Enforcement Actions Under New Disclosure Rule

September 25, 2021
ActionsassetsBusiness & EconomyCompaniesdisclosureEconomieseconomyenforcementInvestmentMarketsSECUSUS News
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WASHINGTON—The U.S. Securities and Exchange Commission (SEC) said on Friday that it would delay enforcement of certain assets from a new disclosure rule for off-exchange securities until Jan. 3, 2022. The new compliance date was due to come into effect on Tuesday. The agency’s no action letter, which affects quotes published by broker dealers for…

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Nasdaq Short Interest Down 0.07 Percent in Mid-September

September 25, 2021
Business & EconomyCompaniesdownEconomieseconomyinterestInvestmentLocal NewsMarketsNASDAQNew YorkRegional-Local NewsseptembershortUSUS News
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Short interest on the Nasdaq fell 0.07 percent in the first two weeks of September, the exchange said on Friday. As of Sept. 15, short interest fell to about 11.014 billion shares, from 11.023 billion shares as of Aug. 31. Investors who sell securities “short” borrow shares and then sell them, on expectations the stock…

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