BloombergQuint

Tesla Demand in China Fuels ‘Home Run’ Quarter for Deliveries

Sun, 04 Apr 2021 21:02:46 +0000

(Bloomberg) -- Tesla Inc.’s estimate-smashing deliveries of electric vehicles in the first quarter suggest boss Elon Musk’s bet on growth in China and Europe is starting to pay off.

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A Japanese Luxury Hot Spring Resorts Operator Is Eyeing U.S. Locations

Sun, 04 Apr 2021 21:00:08 +0000

(Bloomberg) -- A Japanese hotel operator known for its high-end hot spring resorts is betting that the traditional concept could work in the U.S.

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Mumbai Orders Work-From-Home, Shuts Malls on Virus Surge

Sun, 04 Apr 2021 14:24:32 +0000

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Biden Makes Easter Plea; U.K. Plans Vaccine Passes: Virus Update

Sat, 03 Apr 2021 22:25:47 +0000

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Canadian Dollar Shows It Has Swagger as Supercyclists Hop Aboard

Sun, 04 Apr 2021 18:00:00 +0000

(Bloomberg) -- Already one of the best performing major currencies this year, Canada’s dollar looks poised to become a market darling for all of 2021.

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Saudis Hike Oil Prices for Key Asia Market in Sign of Confidence

Sun, 04 Apr 2021 09:54:20 +0000

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Hunter Biden Says Joining the Board of Burisma Wasn’t a Mistake

Sun, 04 Apr 2021 16:59:58 +0000

(Bloomberg) -- Hunter Biden, the U.S. president’s son, says that he didn’t make a mistake by joining the board of one of the largest natural gas companies in Ukraine when his father was serving Barack Obama’s vice president.

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Manhattan Homebuyers Are Back, But They’re Here for the Deals

Fri, 02 Apr 2021 04:01:00 +0000

(Bloomberg) -- Manhattan homebuyers are coming back to the market they left a year ago. Just don’t expect them to overpay.

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Tesla Appeals Labor Agency Ruling It Bullied Union Activists

Sat, 03 Apr 2021 15:25:41 +0000

(Bloomberg) -- Tesla Inc. is appealing a ruling by the National Labor Relations Board that it repeatedly violated U.S. labor law, including by firing a union activist, and an order by the agency that Chief Executive Officer Elon Musk delete a threatening tweet from his account.

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Republicans May Support a Much Smaller Infrastructure Plan

Sun, 04 Apr 2021 15:01:48 +0000

(Bloomberg) -- Republicans may be ready to support limited infrastructure funding in President Joe Biden’s spending proposal, which would require scaling back the $2.25 trillion plan by more than two thirds, a senior GOP senator said.

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Made in U.S.A. Reflation Trade Is One Export World Doesn’t Want

Sun, 04 Apr 2021 16:00:00 +0000

(Bloomberg) -- The U.S. bond tantrum is sending a chill through indebted countries which have for years paid less to borrow more.

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Vaccine Rollout to Top 100 Countries in Weeks, Covax Head Says

Sun, 04 Apr 2021 18:26:26 +0000

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Biden’s Infrastructure Plan Is Good But Needs Work

Sun, 04 Apr 2021 13:34:07 +0000

(Bloomberg Opinion) -- Like much of Joe Biden’s presidency to date, the $2.3 trillion infrastructure plan he laid out Wednesday is remarkably ambitious. Rightly so. America’s economic future is at stake.

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Icahn Is Said to Hire Ex-GE M&A Chief Kekedjian to Lead Firm

Sun, 04 Apr 2021 17:59:38 +0000

(Bloomberg) -- Billionaire activist investor Carl Icahn has tapped former General Electric Co. executive Aris Kekedjian to head his namesake investment firm, according to people familiar with the matter.

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Dollar Keeps Citi, Morgan Stanley Wary of Emerging Markets

Sun, 04 Apr 2021 13:46:07 +0000

(Bloomberg) -- Emerging-market investors reeling from last month’s losses head into the first full week of April bracing for more pain driven by higher U.S. Treasury yields and a stronger dollar.

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Credit Suisse Weighs Replacing Risk Chief After Miscues

Sun, 04 Apr 2021 10:01:04 +0000

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ANA Flight Bound for Frankfurt Diverted to Airport in Russia

Sun, 04 Apr 2021 05:32:00 +0000

(Bloomberg) -- A passenger plane operated by Japan’s All Nippon Airways made an emergency landing in Russia after encountering difficulties on a flight to Frankfurt.

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Ferrari Overtaken by Rivals to End Years in Market Fast Lane

Sun, 04 Apr 2021 04:00:00 +0000

(Bloomberg) -- After racing clear of its rivals for years, Ferrari NV has been relegated to the back row of the stock market grid.

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Nordic Nations Make Noticeable Headway in Covid Recovery

Fri, 02 Apr 2021 04:00:00 +0000

(Bloomberg) -- The Nordics are starting to make noticeable headway in repairing the damage from the coronavirus crisis, building on a year of remarkable resilience to global economic turmoil.

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Italy Central Bank Head Sees Vaccines as Main Recovery Tool: FT

Sun, 04 Apr 2021 13:28:47 +0000

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World Economy Risks ‘Dangerously Diverging’ Even as Growth Booms

Sat, 03 Apr 2021 22:00:00 +0000

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Canada’s Virus Tally Passes 1 Million in Third Wave of Pandemic

Sun, 04 Apr 2021 01:19:24 +0000

(Bloomberg) -- Covid-19 cases in Canada breached the 1 million mark as a third wave ripples across the country.

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Rivian Will Go Where Even Tesla Doesn’t Dare

Sat, 03 Apr 2021 09:30:07 +0000

(Bloomberg) -- If — or, more likely, when — all the business books start to drop about Rivian Automotive Inc., at least one should be titled: Do All the Hard Things at Once. The young company is currently trying to finish a factory and three different vehicles, while planning a road trip to a Wall Street IPO. Apparently, Chief Executive Officer R.J. Scaringe was still getting a little too much sleep, because Rivian two weeks ago announced a plan to build its own charging network as well, à la Tesla.

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Alphabet’s Waymo CEO Steps Down as Tech Executives Take Over

Fri, 02 Apr 2021 17:16:56 +0000

(Bloomberg) -- John Krafcik stepped down as chief executive officer of Alphabet Inc.’s Waymo self-driving vehicle division, making way for two tech industry veterans to jointly take over the business, the company said in a memo.

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‘Godzilla vs. Kong’ Marks Covid-Era Box Office Breakthrough

Sat, 03 Apr 2021 12:00:00 +0000

(Bloomberg) -- “Godzilla vs. Kong,” the Warner Bros. and Legendary action film, is drawing the largest weekend crowds to movie theaters since the start of the Covid-19 pandemic more than a year ago.

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Biden Says With Infrastructure Bill U.S. May Add 19 Million Jobs

Fri, 02 Apr 2021 16:43:09 +0000

(Bloomberg) -- President Joe Biden said the sweeping infrastructure proposal he unveiled this week would result in 19 million jobs created over the next decade as the U.S. seeks to emerge from the pandemic.

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J&J Takes Over at Emergent Vaccine Plant With Aid From Biden

Sun, 04 Apr 2021 01:02:39 +0000

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Shortages of Key Drugs for Children Spur New Hospital Coalition

Sun, 04 Apr 2021 11:30:00 +0000

(Bloomberg) -- In Washington, just four miles from the U.S. Capitol, a children’s hospital is forced at times to call up nearby medical centers to see if they can spare the therapies needed for its young cancer patients.

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Why Jordan’s Royal Family Drama Imperils Regional Stability: Q&A

Sun, 04 Apr 2021 18:58:35 +0000

(Bloomberg) -- Jordan’s stability, long protected by the U.S. and global allies, was suddenly shaken by the dramatic weekend arrests of some royal family members and others accused of plotting unrest in the kingdom. Former Crown Prince Hamza Bin Hussein, King Abdullah II’s half-brother who is seen as popular among Bedouin tribes in the kingdom’s traditional society, was put under house arrest.

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Biggest South African Bank Raises Alarm on Loan-to-Grant Proposal

Thu, 01 Apr 2021 13:50:01 +0000

(Bloomberg) -- Standard Bank Group Ltd. has raised the alarm around proposals to revive a faltering government-backed credit program designed to aid South African businesses battered by Covid-19.

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Georgia Governor Says He’ll Fight After MLB Moves All-Star Game

Fri, 02 Apr 2021 19:33:06 +0000

(Bloomberg) -- Georgia’s Republican governor vowed a fight after Major League Baseball’s move to take this year’s All-Star Game and the MLB Draft event from Atlanta to show its concern for recently passed legislation on election procedures.

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Bulgarian Premier Wins Vote With Tough Path to New Goverment

Sun, 04 Apr 2021 17:09:34 +0000

(Bloomberg) -- Bulgaria’s ruling party, led by Prime Minister Boyko Borissov, won Sunday’s elections, an exit poll showed, giving him a chance to secure a fourth term as leader of the European Union’s poorest and most corrupt member.

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Jordan Says King’s Sibling Plotted to Destabilize Country

Sat, 03 Apr 2021 20:08:07 +0000

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A New Syria Process Cuts Out Iran to Bring in Gulf Arabs

Sun, 04 Apr 2021 04:00:07 +0000

(Bloomberg Opinion) -- The plot just thickened in the contest to shape post-conflict Syria: Russia, Turkey and Qatar have launched a new trilateral “consultation process” to promote a political solution to the 10-year civil war. Crucially, it does not include Iran.

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Argentina’s Guzman Says IMF Credit Line Deal Will Take Time

Sun, 04 Apr 2021 17:13:16 +0000

(Bloomberg) -- Argentine Finance Minister Martin Guzman said finalizing a plan with the International Monetary Fund to repay $45 billion in debt likely won’t happen by May or June.

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Kosovo Picks Female President to Replace Indicted War Veteran

Sun, 04 Apr 2021 17:58:41 +0000

(Bloomberg) -- Kosovo lawmakers approved U.S-educated jurist Vjosa Osmani as president, filling the post previously held by an ex-guerrilla who stepped down last year to face charges on war crimes.

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Erdogan Summons Cabinet After Ex-Admirals Challenge Policy

Sun, 04 Apr 2021 11:26:44 +0000

(Bloomberg) -- Turkish President Recep Tayyip Erdogan summoned his cabinet and top officials for an unscheduled meeting on Monday, after a group of retired navy admirals criticized the government’s stance on a key international convention in a move that was seen as a direct challenge to the Erdogan’s authority.

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ByteDance Calls India’s Bank Account Freeze Harassment: Reuters

Sun, 04 Apr 2021 11:09:03 +0000

(Bloomberg) -- ByteDance, the Chinese parent of video app TikTok, told an Indian court that the government’s freeze on its bank accounts is harassment and was done illegally, according to a filing seen by Reuters.

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IMF Top Deputy Optimistic G-20 Debt Relief Extended Next Week

Thu, 01 Apr 2021 20:41:55 +0000

(Bloomberg) -- The No. 2 official of the International Monetary Fund is optimistic that the Group of 20 largest economies next week will agree to extend debt relief to low-income nations through the end of this year.

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U.S. Manufacturing Surges Most Since 1983, Underscoring Rebound

Thu, 01 Apr 2021 14:10:39 +0000

(Bloomberg) -- U.S. manufacturing expanded in March at the fastest pace since 1983, catapulted by the firmest orders and production readings in 17 years. The data add to evidence of an economy poised to accelerate.

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Chile Central Bank President Marcel Sees Rates On Hold in 2021

Sun, 04 Apr 2021 16:55:20 +0000

(Bloomberg) -- Chilean central bank President Mario Marcel said he doesn’t anticipate a rate increase this year because the impact of the coronavirus pandemic on the economy isn’t over.

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U.K.’s Giant Battery Factory Developer Looks for a SPAC Deal

Thu, 01 Apr 2021 05:00:00 +0000

(Bloomberg) -- Britishvolt Ltd., the developer of the first giant battery factory in the U.K., is considering going public.

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Pakistan’s Trade Flip-Flop Evokes Conflict Between the Koreas

Fri, 02 Apr 2021 08:26:57 +0000

(Bloomberg) -- Supply Lines is a daily newsletter that tracks trade and supply chains disrupted by the pandemic. Sign up here.

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H&M’s Troubles in Asia Compound Over ‘Problematic’ Map of Region

Sun, 04 Apr 2021 10:31:45 +0000

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Pioneer to Buy DoublePoint in $6.4 Billion Permian Deal

Fri, 02 Apr 2021 00:22:57 +0000

(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 U.S. Permian Basin.

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Ford-Backed Self-Driving Startup Argo AI Mulling IPO This Year

Fri, 02 Apr 2021 22:35:19 +0000

(Bloomberg) -- Argo AI, the self-driving startup backed by Ford Motor Co. and Volkswagen AG, is considering going public as soon as this year, according to people familiar with its plans.

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European TV Channels Want to Merge to Fight U.S. Rivals

Sat, 03 Apr 2021 04:00:00 +0000

(Bloomberg) -- A push for mergers that would help European TV networks compete with fast-growing U.S. streaming platforms is putting the region’s strict media ownership rules under strain.

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