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Democrats thrilled after passage of virus aid bill
European shares hovered just below all-time highs on Tuesday as strong export data from China reinforced optimism around a swift global economic recovery, while investor attention turned to key U.S. inflation figures due later in the day. The pan-European STOXX 600 and the export-heavy German stock index rose 0.2% each as data showed China's exports grew at a robust pace in March and import growth surged to its highest in four years.
Hundreds of thousands of devout Indians are set to bathe in the Ganges river on Wednesday, the third key day of a Hindu festival, even as peaks in daily coronavirus infections prompt government critics to demand the cancellation of huge events. Since April 2, India has reported the world's highest daily tallies of infections, reaching more than 100,000 in the last week, or many multiples of its figure earlier this year of fewer than 10,000. "Governments have happily allowed mega religious festivals, (and) political leaders are still, even in the middle of this nightmarish pandemic, addressing hundreds of thousands," it said in an editorial.
US reality TV star Kim Kardashian, who married the rapper in 2014, filed for divorce in February.
The dollar edged higher on Tuesday, helped by a pick-up in U.S. Treasury yields, but was still near three-week lows as markets waited for inflation data in the United States. By early London trading, China's offshore yuan was down 0.1% against the dollar, changing hands at 6.5523.
Tensions remain high after the fatal shooting of Daunte Wright, the defense will call witnesses in the Chauvin trial and more to start your Tuesday.
The International Organization for Migration says the death toll has risen to 42 after a boat carrying migrants capsized off the Horn of Africa nation of Djibouti early Monday. Sixteen children were among the dead, spokeswoman Yvonne Ndege said. Olivia Headon, the IOM’s spokeswoman in Yemen, has said the migrants were returning from Yemen because of the dire situation in the Arab world’s poorest country, wrecked by war.
And Mandy teams up with Mack.
De La Rue said profit for the financial year 2020/21 could be as much as £37m ($50.8m) to be at the top end of its forecast.
Goldman Sachs said on Tuesday it would open a new office in the English city of Birmingham, expanding its office footprint in Britain at a time when many rivals are reducing space due to the pandemic. Goldman said its engineering division would be the first to base staff in Birmingham through a mix of hiring and transfers. The U.S. banking giant's CEO David Solomon has been among the most vocal company executives wanting to get staff back to the office as soon as local virus restrictions allow, calling remote working an "aberration" in February.
Investor News No.15/2021 DFDS reports monthly ferry volumes for freight and passengers to provide additional insight into the development of volume trends in DFDS’ European route network. DFDS ferry volumes March LTM*Freight20202021Change 2020-192021-20ChangeLane metres, '0003,5543,97511.8% 40,78241,0620.7% Passenger20202021Change 2020-192021-20ChangePassengers, '00011225-77.5% 4,9631,002-79.8%*Last twelve months Ferry – freight: Total volumes in March 2021 were 11.8% above 2020. Net adjustments for structural route changes reduced growth 0.2 ppt to 11.6%. Volumes for routes calling the UK were up 10%. The positive market momentum in February continued in March for the North Sea and Mediterranean volumes. Volumes on the English Channel were also above 2020. Volumes on the new route between Ireland and France continued above expec-tations. Baltic Sea volumes were above 2020 adjusted for the closure of the Paldiski-Hanko route. The volume growth in March 2021 was boosted by Covid-19’s negative impact on volumes in the last two weeks of March 2020. This effect was largest in the Mediterranean, North Sea and Channel business units. Ferry – passenger: The total number of passengers in March 2021 was 77% below 2020. The decrease reflects a continued negative impact from travel restrictions related to Covid-19 on the two cruise ferry routes, of which Oslo-Frederikshavn-Copenhagen continued to be suspended in March, and the Channel. In the Baltic Sea, passenger numbers were slightly below 2020. DFDS’ ferry routes enable trade and travel in and around Europe. Click on the link to see a map of the entire network. The April volume report is expected to be published on 11 May 2021. ContactTorben Carlsen, CEO, +45 33 42 32 01 Karina Deacon, CFO, +45 33 42 33 42 Søren Brøndholt Nielsen, IR, +45 33 42 33 59 Nicole Seroff, Communications, +45 31 40 34 46 This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act Attachment UK_OMX_NO_15_13_04_2021_March_Volume_report
(Bloomberg) -- Credit markets in Asia have been shaken by a selloff in one of China’s largest bad-debt managers, raising concern that other heavily leveraged borrowers may also stumble.The Markit iTraxx Asia ex-Japan credit-default swap index of investment-grade bonds widened about 2 basis points, after recent reports of a looming restructuring at bad-debt manager China Huarong Asset Management Co., traders said. The gauge is set for a seventh day of increases, the longest streak since December 2018, and is at its highest since October last year, according to data from CMA.The concerns about Huarong that are shaking the wider Asian debt market started after the firm joined dozens of Hong Kong-listed companies in failing to publish its 2020 earnings by a March 31 deadline. Caixin attributed the delay to plans for a significant financial restructuring.The timing isn’t ideal. A run-up in rates globally earlier last month fueled by concerns about inflation contributed to some of the worst bond losses in decades. While credit markets around the world had calmed in recent weeks, the China woes are pushing up financing costs again in Asia, even as they have fallen back in the U.S. and Europe.Asian investment-grade dollar note spreads widened about 2-3 basis points Tuesday, traders said. They are also set for a seventh-straight day of expansion, the longest streak in more than five months, and are at the highest in more than two months, according to a Bloomberg Barclays index.Click here for a look at what’s next for Huarong“Due to perceptions of Huarong as a systemically important entity and bonds being widely held, concerns over its near-term liquidity are having a spillover impact on spreads,” said Ek Pon Tay, a senior portfolio manager for emerging market debt at BNP Paribas Asset Management. Regulators may eventually need to shore up market confidence, he said.AsiaThe impact was even bigger on Chinese issuers, whose investment-grade dollar bonds spreads widened 3 to 8 basis points. Prices on the nation’s high-yield notes fell 1 to 3 cents on the dollar, traders said.Prices on notes from Chinese property developers Logan Group and Powerlong Real Estate Holdings plunged by recordsSigns of distress have also spread in other pockets of Asia, including debt from Indonesian clothing firms. Read the latest Indonesia Credit Wrap for more analysis“Increasing rate volatility and selective idiosyncratic events” have pushed up risk premiums, said Arthur Lau, head of Asia ex-Japan fixed income at PineBridge Investments Asia Ltd. in Hong Kong. However, given that the underlying Asia economic fundamentals and corporate credit profiles remain relatively healthy, “I think we should see a calmer market once the interest rate risks have subsided,” he saidAnd for now at least, a number of companies continued to offer debt despite the increase in financing costs. Click here for the Asia BondwrapChinese internet giant Tencent Holdings Ltd. is holding investor calls from Tuesday and may price about $4 billion of bonds as early as WednesdayU.S.United Airlines Holdings Inc. announced Monday that it will raise $9 billion from institutional investors through a combination of loans and bonds.Every major U.S. airline has now shunned the U.S. government’s $25 billion emergency pandemic loans, avoiding the strings attached to that program in favor of the credit market’s warm embraceCitigroup Inc. and Bank of America Corp. are jointly building a new fixed-income trading platform, with an initial focus on collateralized loan obligationsEuropeSSAs are likely to retain their dominance of Europe’s syndicated bond market this week, according to a Bloomberg survey.That extends this year’s leading run for the sectorThe U.K.’s lockdown easing was taking another step forward on Monday with non-essential retailers reopening; still, U.K. credit broadly looks expensive after a significant rally since the selloff last March amid soaring business confidenceFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Trade was, however, still lower than it was in previous years, with a drop of 12% in February this year versus last year for EU trade and a drop of 1% over the same period for global trade.
Apr. 13—JAY — Selectpersons voted unanimously Monday to accept an agreement to share a sewer superintendent with Livermore Falls. Jay Superintendent Mark Holt will oversee both towns' sewer employees, collections systems and operation of the Livermore Falls' Wastewater Treatment Plant. Livermore Falls approved the measure Thursday by a 4-1 vote. The Jay board also voted to authorize Town ...
Apr. 13—The defense was seeking Monday to cast doubt on the guilt of an Auburn man who is charged with the rape and murder of an Alaskan woman in 1993 by introducing half a dozen alternative suspects. A judge in the case heard arguments from Lewiston defense attorney James Howaniec in support of a motion allowing him to present evidence to a jury at trial that at least six other men may have ...
Apr. 13—JAY — Two people are candidates for a one-year selectperson's term at the April 27 annual Town Meeting. The polls will be open from 8 a.m. to 8 p.m. in the gym at Spruce Mountain Mountain Middle School. Lee Ann Dalessandro and Randy Richards are vying for the seat vacated by Judy Diaz last year. She is 62, lives on Belleview Drive and retired in 2018 from banking where she specialized ...
Apr. 13—PARIS — After two years of flat funding, the proposed Norway-Paris Solid Waste budget will increase by $20,000, Director Nancy Lee Piper told the Board of Selectmen at Monday's meeting. The 7.63% increase, bringing the budget to $282,000, includes money to fix safety hazards, Piper said. "There's so much to do down there," she said. Among the new proposals is $4,000 for safety and ...
Apr. 13—JAY — Residents will consider a proposed $5.28 million budget for 2021-22 and elect three selectpersons and two school board directors at the annual Town Meeting on April 27. Polls will be open from 8 a.m. to 8 p.m. at the Spruce Mountain Middle School gym. The budget proposal is $12,800 less than for 2020-21. After factoring in an estimated $2 million in revenue, the net municipal ...
Apr. 13—LIVERMORE FALLS — Selectmen approved a proposed $2.73 million spending package on Thursday for 2021-22. The proposal will go to voters at the annual Town Meeting in June. It represents an increase of $82,397, or just over 3%, from the current budget. It does not include the town's share of the Regional School Unit 73 or Androscoggin County assessments. The board reduced the police ...
Apr. 13—POLAND — Against the advice of the district's medical adviser, administrators of Regional School Unit 16 are pressing ahead with a plan to have students in classrooms five days a week at each of the district's schools. The draft plan, slated for consideration by the School Committee on Thursday, would drop a hybrid model that's been used since the start of the school year starting on ...
Beijing sends 25 military aircraft into Taiwan as the US warns against an 'increasingly aggressive' China.