Financial Post |
- China allows ‘Big Four’ banks to issue loss-absorbing bonds
- Stellantis boss expects chip supply to remain tight this year
- Generali chief executive Donnet survives rebel challenge
- Deutsche Bank offices searched by authorities – Frankfurt prosecutors
- China’s Politburo pledges support for economy, boosting markets
- Continental plans price hikes due to $3.7 bln extra costs in 2022
- Johnson Matthey soars 30% after industrials investor reveals 5.2% stake
- U.K. in Talks With Former Tesco Boss About Morocco Power Imports
- Take Five: A central bank bonanza
- No quick recovery for China oil demand as COVID battle grinds on
| China allows ‘Big Four’ banks to issue loss-absorbing bonds Posted: 29 Apr 2022 02:57 AM PDT SHANGHAI -- China notified its "Big Four" state lenders on Friday that they can issue loss-absorbing bonds, in a move that would help prevent the spread of any potential instability in its financial system. Read More |
| Stellantis boss expects chip supply to remain tight this year Posted: 29 Apr 2022 02:57 AM PDT COMO -- The head of carmaker Stellantis does not expect improvement in the semiconductor supply chain before next year, he said on Friday. Read More |
| Generali chief executive Donnet survives rebel challenge Posted: 29 Apr 2022 02:52 AM PDT MILAN -- Philippe Donnet kept his job as chief executive of Italian insurer Generali on Friday when he won the backing of shareholders in the face of a challenge from a rebel investor. Read More |
| Deutsche Bank offices searched by authorities – Frankfurt prosecutors Posted: 29 Apr 2022 02:52 AM PDT FRANKFURT -- Prosecutors, federal police and other officials are conducting a search at Deutsche Bank in Frankfurt, the city's prosecutors said on Friday. Read More |
| China’s Politburo pledges support for economy, boosting markets Posted: 29 Apr 2022 02:51 AM PDT BEIJING -- China will step up policy support for the economy, including its embattled internet platforms, as domestic COVID-19 outbreaks and the war in Ukraine raise risks, a top decision-making body of the ruling Communist Party said on Friday, lifting markets. Read More |
| Continental plans price hikes due to $3.7 bln extra costs in 2022 Posted: 29 Apr 2022 02:50 AM PDT FRANKFURT -- German car parts supplier Continental said on Friday it expects energy, logistics and materials cost to rise by 3.5 billion euros ($3.7 billion) this year due to COVID-19 and the Ukraine war, and is in talks with customers to increase prices. Read More |
| Johnson Matthey soars 30% after industrials investor reveals 5.2% stake Posted: 29 Apr 2022 02:48 AM PDT Shares in Johnson Matthey soared over 30% on Friday after the investment arm of New York-based industrial firm Standard Industries took a 5.23% stake in the British chemicals maker. Read More |
| U.K. in Talks With Former Tesco Boss About Morocco Power Imports Posted: 29 Apr 2022 02:45 AM PDT (Bloomberg) -- Xlinks, a power company co-founded by former Tesco Plc boss Dave Lewis, is in talks with the British government over a project to import electricity from solar and wind farms in Morocco. Read More |
| Take Five: A central bank bonanza Posted: 29 Apr 2022 02:42 AM PDT Some big beasts of the central banking world take center stage over the coming week, with the U.S. Federal Reserve, the Bank of England and the Reserve Bank of Australia holding policy meetings. Read More |
| No quick recovery for China oil demand as COVID battle grinds on Posted: 29 Apr 2022 02:39 AM PDT BEIJING/SINGAPORE -- China's oil demand is expected to stay weak heading into May as COVID-19 lockdowns across the country curtail travel plans during the Labour Day holiday season, analysts and traders say. Read More |
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