DIRS.INFO The most relevant business & tech news

☆ Odey offloads stake in UK Retailer AO, Sky News reports
▼ + stars: | 2023-06-10 | by ( ) www.reuters.com time to read: +1 min

June 10 (Reuters) - Odey Asset Management has sold its 19% stake in UK-based retailer AO World Plc (AO.L) to Frasers Group (FRAS.L), Sky News reported on Saturday. Frasers Group bought the stake for 75 million pounds ($94.27 million), the report said. Odey Asset Management, AO and Frasers Group did not immediately respond to a request for comment by Reuters. On Friday, asset managers Schroders Plc (SDR.L) and Canada Life moved to cut back their dealings with Odey Asset Management, citing allegations of sexual misconduct by its founder, Crispin Odey, that were published by the Financial Times and Tortoise Media a day earlier. Odey Asset Management told investors in a letter dated June 8, which was seen by Reuters, that it "does not recognise the picture of the firm that has been painted" by the allegations.

Persons: Crispin Odey, Goldman Sachs, Morgan Stanley, Jose Joseph, Urvi, Alex Richardson, Helen Popper Our Organizations: Odey, Management, Frasers, Sky News, Frasers Group, Reuters, Schroders, Odey Asset Management, Financial Times, Tortoise Media, JPMorgan, Thomson Locations: Canada, Bengaluru

The recent selloff in Vitru shares presents an attractive entry point opportunity, according to Morgan Stanley. Morgan Stanley upgraded Vitru shares to overweight. Shares of the Brazil-based digital education company have plunged 44% since March, as of Friday's closing price. However, Morgan Stanley thinks the decline wasn't due to the company's fundamentals, but rather was "exacerbated" by the stock's limited liquidity. "Vitru is the best-positioned player to capture the [distance learning] opportunity," added Martinez.

☆ China’s banking troubles are not the same as Silicon Valley Bank, economist says
▼ + stars: | 2023-03-31 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

A Silicon Valley Bank office is seen in Tempe, Arizona, on March 14, 2023. - With hindsight, there were warning signs ahead of last week's spectacular collapse of Silicon Valley Bank, missed not only by investors, but by bank regulators. Issues at a handful of smaller Chinese banks have emerged in the last few years. On the other hand, SVB reflects a macro risk, Zhu said, noting the U.S. mid-sized lender had adequate capital and liquidity before it collapsed. The banking crisis in the U.S. involved a structural risk from savers moving funds to take advantage of higher interest rates, Zhu pointed out.

☆ China's strong demand for commodities to overtake post-2008 crisis, mining giant says
▼ + stars: | 2023-03-30 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

The Australian iron ore giant began business in China with a 180,000-metric ton shipment of iron ore in 2008, according to the company's website. At that time, China managed to avoid a prolonged recession with a massive stimulus program that supported infrastructure development — which drove up demand for commodities. What we're seeing now is uniform demand across China. "What we're seeing now is uniform demand across China," Forrest said, "and uniform demand but increasing, thankfully, in the supply chain, the ecosystem which will create [for the] renewable energy industry." In the six months ended Dec. 31, Fortescue said it shipped a record 96.9 million metric tons of iron ore — up 4% from a year ago.

☆ China's Premier Li Qiang seeks to rally Asia behind Beijing
▼ + stars: | 2023-03-30 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

China's Premier Li Qiang addressed an international audience at Boao Asia forum in Boao, Hainan on March 30, 2023. BO'AO, China — Chinese Premier Li Qiang sought to rally Asian countries behind China in his first public address to an international audience as premier. His speech of about 25 minutes at the Boao Forum for Asia did not delve into China's heightened tensions with the U.S. Asia and the world are at the "crossroads" of history, Li said, while portraying China as a center of stability. Li, who was confirmed as premier in March, said China's development going forward would bring "strong momentum to the economic growth of Asia."

☆ Morning Bid: 'Soft landing' or 'no landing'?
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: +5 min

As U.S. Federal Reserve's Federal Open Market Committee kicks off its two-day policymaking meeting, the economic news from around the world brightened considerably. China's economic activity swung back to growth in January after three months of contraction, according to official business surveys released on Tuesday. The euro zone economy confounded forecasts for a quarterly contraction of gross domestic product in the final three months of 2022. Eurostat estimated GDP in the bloc rose 0.1% in Q4 despite consensus expectations for a fall of 0.1%. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ Here comes the biggest week of earnings. Plus an AI ode to the Dow
▼ + stars: | 2023-01-28 | by ( Zev Fima | ) www.cnbc.com time to read: +7 min

While only six companies in the Dow Jones Industrial Average are reporting next week, about 20% of the S & P 500 reports, making it the biggest week of earnings this season. The Dow and the S & P 500 gained 2.2% and 2.9% this week, respectively, while the Nasdaq Composite rose 4.7%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Macau to allow home isolation for COVID infections
▼ + stars: | 2022-12-12 | by ( ) www.reuters.com time to read: +2 min

Health officials said that infected patients would be able to stay at home and self-monitor for five days. Macau, a Chinese special administrative region, has directly followed the mainland's coronavirus strategy since 2020, given its huge reliance on Chinese visitors to fuel its gambling-dependent economy. The former Portuguese colony, home to more than 600,000 people, has recorded just over 900 COVID cases since 2020 and six deaths. Macau Secretary for Social Affairs and Culture Elsie Ao said last week that up to 80% of the city's population would likely get COVID following a significant easing of pandemic isolation and testing rules. Officials have urged residents not to worry about contracting the virus since most cases involve mild or no symptoms.

☆ The US may have lost in the World Cup, but soccer is more popular than ever in America
▼ + stars: | 2022-12-12 | by ( Harry Enten | ) edition.cnn.com time to read: +36 min

The Atlas Lions made history as the first African team to reach a World Cup semifinal. They made history as the first all-female refereeing crew for a men's World Cup match. It was Morocco's first World Cup win since 1998 — and its third-ever at the tournament. Less spoken about is that they also rate better on television than the men do in the World Cup. We’ll just have to wait and see, though with the US, Canada and Mexico hosting the 2026 World Cup, soccer isn’t going away anytime soon.

☆ U.S. blacklists companies for aiding Russian military
▼ + stars: | 2022-12-07 | by ( David Shepardson | ) www.reuters.com time to read: +2 min

WASHINGTON, Dec 7 (Reuters) - The Biden administration on Wednesday added 24 companies and other entities to an export control list for supporting Russia’s military or defense industrial base, Pakistan's nuclear activities or for supplying an Iranian electronics company. The companies include Fiber Optic Solutions in Latvia, which produces fiber optic gyroscopes and other equipment and Russia's AO Kraftway Corporation PSC, which calls itself one of the biggest Russian IT companies. Also on the list are Russian AO Scientific Research Center for Electronic Computing, LLC Fibersense, and Scientific Production Company Optolin, AO PKK Milandr; Milandr EK OOO; Milandr ICC JSC; Milur IS, OOO; (OOO) Microelectronic Production Complex (MPK) Milandr; and Ruselectronics JSC and Swiss based Milur SA. The Biden administration also added 10 companies in Pakistan and UAE that it says pose unacceptable risks of using or diverting items for Pakistan's unsafeguarded nuclear activities or are involved Pakistan's "nuclear activities and missile proliferation-related activities." Suppliers of U.S. goods must seek a special a difficult-to-obtain license before shipping to companies added to the list.

☆ Japan wins plaudits for World Cup shocks and fans cleaning up in stadiums
▼ + stars: | 2022-12-05 | by ( John Sinnott | ) edition.cnn.com time to read: +4 min

CNN —Japan bids the World Cup farewell after its World Cup last-16 penalty shootout defeat by Croatia on Monday, but the team and its fans left lasting memories that won the Asian nation plenty of plaudits in Qatar and across the watching world. After the win over Germany, Japan’s players cleaned up their dressing room, leaving it looking immaculate. Japan supporters celebrate the team's World Cup Group E win against Spain. Ozan Kose/AFP/Getty Images‘Good vibes’Before Monday’s last-16 match against Japan, Croatia midfielder Lovro Majer had paid tribute to what the Samurai Blue had done at this World Cup. “We beat Germany and Spain – both World Cup champions,” said Japan coach coach Hajime Moriyasu, according to Reuters, after Monday’s loss to Croatia.

☆ Japan depart with big wins but quarter-final dream unfulfilled
▼ + stars: | 2022-12-05 | by ( Nick Mulvenney | ) www.reuters.com time to read: +3 min

Moriyasu transformed the game with five substitutions and was rewarded with late goals from Ritsu Doan and Takuma Asano for what was probably Japan's greatest victory on a football pitch. His confidence in his players was rewarded as lightning struck twice in their final group match against 2010 champions Spain. As group winners, they went through to face a streetwise Croatian team in the last 16 with the golden uplands of the quarter-finals within their grasp. It was difficult to lose but Japanese soccer is without a doubt making progress." Reporting by Nick Mulvenney, editing by Pritha SarkarOur Standards: The Thomson Reuters Trust Principles.

☆ Why are there so many shock results at this World Cup?
▼ + stars: | 2022-12-03 | by ( Ben Morse | ) edition.cnn.com time to read: +9 min

We’ve seen plenty of World Cup shocks over the years, but this year’s edition has seen more than most. Lionel Hahn/Getty ImagesA World Cup like no otherThis World Cup is a first for many reasons. The World Cup’s natureGiven the nature of the World Cup – teams thrown together in a tournament setting from across the globe – fans often see clashes which they’re not accustomed to. This concoction has, over the 90 years of the World Cup, regularly led to shock results. From the US beating England in 1950 and North Korea upsetting Italy in 1966 to Senegal beating defending champion France in 2002 and Algeria – in its World Cup debut – beating West Germany in 1982, World Cup history is littered with surprises.

☆ Group stage excels as World Cup just keeps giving - now for the serious bit
▼ + stars: | 2022-12-03 | by ( Martyn Herman | ) www.reuters.com time to read: +5 min

That debate will continue after the final ball is kicked, but as far as what has happened inside the eight gleaming stadiums, the World Cup has been a stunning spectacle. When Lionel Messi gave Argentina the lead from the penalty spot in their opening Group C match against Saudi Arabia, all seemed normal. But Saleh Al-Shehri and Salem Al-Dawsari sealed a 2-1 Group C win for the 51st-ranked Green Falcons that, according to data company Nielsen Gracenote, was the biggest statistical shock in World Cup history. Goals by Itsu Doan and Ao Tanaka gave Japan the lead and Costa Rica hit back to lead Germany. After probably the most memorable group phase of any World Cup, now for the serious business.

☆ Japan reaches World Cup knockout stages with hotly debated goal after ball appeared to go out of play
▼ + stars: | 2022-12-02 | by ( George Ramsay | ) edition.cnn.com time to read: +3 min

CNN —Japan reached the World Cup knockout stages for the fourth time on Thursday – by what appeared to be a matter of millimeters. But it’s Japan’s second goal that has been a topic of fierce debate in the aftermath of the game, specifically regarding whether the ball crossed the goal line before Kaoru Mitoma’s cutback pass to Ao Tanaka. Tanaka’s bundled goal was initially ruled out after the linesman flagged that the ball had gone out of play. 🧐 pic.twitter.com/cVXur9vMJ1 — FOX Soccer (@FOXSoccer) December 1, 2022“That Japan goal almost defied physics. pic.twitter.com/mzF7YXnQiX — Nick Levett (@nlevett) December 1, 2022The goal means Japan will play Croatia in the knockout stages on Monday, while Spain plays Morocco on Tuesday.

☆ Over the line? Japan goal adds fuel to VAR debate
▼ + stars: | 2022-12-02 | by ( Nick Mulvenney | ) www.reuters.com time to read: +5 min

The perspective that is clear is from above, and the belly of the ball is very big," he said. Everyone can take and use the photo they want, it doesn't matter, but the ball didn't go out." FIFA, who declined to comment on the incident on Friday, have invested heavily in VAR technology since introducing it at the World Cup four years ago in Russia. The match ball now contains a chip that transmits data to the VAR operations room 500 times a second, while 12 cameras in each stadium track 29 points on the body of each player. Former Scotland midfielder Graeme Souness said FIFA needed to be more transparent over VAR decisions.

The breathtaking win for Japan meant they topped Group E, followed by Spain in second who finished ahead of third-placed Germany only on goal difference. Japan fans were in tears at the end of the match which gives them a chance to go further than they ever have before at a World Cup. "There were many fans who came all the way from Japan, as well as those that stayed behind in Japan," coach Moriyasu said. "We didn't have any danger in the first half, then in the second half, I told them during halftime to be cautious, because they would attack in the second half, they don't have anything to lose," he said. Japan defender Kou Itakura was shown his second yellow card of the tournament and will be suspended for the Croatia match.

☆ Germany knocked out of World Cup after extraordinary finale to Group E
▼ + stars: | 2022-12-01 | by ( Ben Morse | ) edition.cnn.com time to read: +4 min

CNN —Germany was knocked out of the 2022 World Cup on Thursday after a quite extraordinary finale to Group E, despite beating Costa Rica. As he did in the famous victory over Germany, Japan coach Hajime Moriyasu used his substitutes masterfully, bringing on Dōan and his left-footed strike brought Japan level. Wataru Endo celebrates with teammates after Japan qualified for the knockout stages of the World Cup. Costa Rica took a stunning lead as Juan Pablo Vargas prodded home after an frantic goalmouth scramble to leave Germany trailing. With just over 20 minutes remaining in the two games, Spain and Germany – both recent World Cup winners – were in danger of going home.

☆ Doan to start for Japan, Costa Rica make two changes
▼ + stars: | 2022-11-27 | by ( ) www.reuters.com time to read: +1 min

[1/2] Soccer Football - FIFA World Cup Qatar 2022 - Group E - Japan v Costa Rica - Ahmad Bin Ali Stadium, Al Rayyan, Qatar - November 27, 2022 Japan's Ritsu Doan and Takumi Minamino walk on the pitch before the match REUTERS/Issei KatoDOHA, Nov 27 (Reuters) - Coach Hajime Moriyasu has rewarded Ritsu Doan with a start in Japan's second Group E game against Costa Rica on Sunday after he scored as a substitute in Wednesday's stunning World Cup upset of Germany. Doan's promotion was one of five changes to the starting line-up from the Germany match, with Miki Yamane coming into the defence in place of Hiroki Sakai. Hidemasa Morita, Yuki Soma and Doan come into midfield with Ao Tanaka, Takefusa Kubo and Junya Ito dropping out, while Ayase Ueda will start up front in place of Daizen Maeda. Costa Rica coach Luis Suarez largely kept faith with the team that suffered a humiliating 7-0 loss at the hands of Spain in their group opener. Gerson Torres comes in for Jewisson Bennette in midfield, while Kendall Waston will line-up in a five-man defence in place of Carlos Martinez.

☆ Cost-of-living crisis casts shadow over Britain's Black Friday
▼ + stars: | 2022-11-25 | by ( James Davey | ) www.reuters.com time to read: +3 min

LONDON, Nov 25 (Reuters) - Britain's retailers are hoping Black Friday discount day will get shoppers spending, though it takes place against a backdrop of a worsening cost-of-living crisis and the distraction of the soccer World Cup. And they have begun their Christmas shopping early this year to help budget their finances. In France, 70% plan to shop on Black Friday and Cyber Monday, according to research by PwC France. More than a decade since being brought to the UK by Amazon, Black Friday's worth to retailers still divides opinion. Naysayers argue the discounts suck forward Christmas sales with reduced profits and undermine consumers' willingness to pay full price again before the festivities.

☆ FTSE 100 hits two-month high as oil stocks rebound
▼ + stars: | 2022-11-22 | by ( ) www.reuters.com time to read: +1 min

SummarySummary Companies FTSE 100 up 0.6%, FTSE 250 off 0.2%Nov 22 (Reuters) - The FTSE 100 jumped to a two-month high on Tuesday, as oil stocks bounced back following a bullish brokerage recommendation and news that OPEC+ members were not discussing an oil output increase. The commodities-heavy FTSE 100 (.FTSE) rose 0.6% to its strongest level since Sept. 13. Oil majors Shell and BP (BP.L) jumped 2.9% and 4.8% as crude prices , gained after Saudi Arabia's energy minister denied a report that said OPEC oil producers were discussing a potential output increase. Meanwhile, Citigroup raised BP's rating to "buy" from "neutral" and said it expects the rotation into energy stocks to continue. The more domestically focused FTSE 250 midcaps (.FTMC) slipped 0.2%, reflecting a cautious mood in the equities market on concerns about aggressive rate hikes and slowing economic growth.

☆ Every World Cup 2022 squad announced: USMNT, Germany, Belgium and more
▼ + stars: | 2022-11-10 | by ( Ben Morse | ) edition.cnn.com time to read: +13 min

CNN —‘Tis the season for wall charts and fans gathering around to pick their starting teams for the 2022 Qatar World Cup. “It’s always difficult when a guy helps you get to the World Cup, he scores three goals in World Cup qualifying and isn’t going to be a part of the program. Again, it’s more about who we did add that we felt good about.”All but one of the 26 will be making their World Cup debut at this year’s tournament and, according to the USMNT, it will be the youngest team to qualify for the World Cup. Octavio Passos/Getty Images Europe/Getty ImagesGhanaManager: Otto AddoThe final squad has not been announced yet. READ: Meet Otto Addo, the coach responsible for guiding some of Europe’s brightest young talents (2021)—–PortugalManager: Fernando SantosThe final squad has not been announced yet.

☆ Factbox: List of squads for the 2022 World Cup
▼ + stars: | 2022-11-08 | by ( ) www.reuters.com time to read: +5 min

Midfielders: Aaron Mooy (Celtic), Jackson Irvine (FC St. Pauli), Ajdin Hrustic (Hellas Verona), Cameron Devlin (Heart of Midlothian), Riley McGree (Middlesbrough), Keanu Baccus (St Mirren). Goalkeepers: Alisson (Liverpool), Ederson (Manchester City), Weverton (Palmeiras). Midfielders: Bruno Guimaraes (Newcastle United), Casemiro (Manchester United), Everton Ribeiro (Flamengo), Fabinho (Liverpool), Fred (Manchester United), Lucas Paqueta (West Ham United). Midfielders: Thomas Delaney (Sevilla), Mathias Jensen (Brentford), Christian Eriksen (Manchester United), Pierre-Emile Hojbjerg (Tottenham Hotspur). JAPANDefender Yuta Nakayama was called up but will miss the World Cup after suffering an Achilles injury.

☆ Morning Bid: Meta averse, ECB decides and CS slides
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +4 min

A look at the day ahead in U.S. and global markets from Mike Dolan. Meta added a deep pothole to an already bumpy U.S. earnings season - another obstacle to a market pumped-up by bets of some central bank relief on the horizon as G7 economies slow. read moreWith Apple (AAPL.O) and Amazon reporting later on Thursday, sentiment toward tech giants remains on edge. But after two-week, trough-to-peak bounce of almost 10%, global stock indices (.MIWD00000PUS) struggled to make much headway for the second session on Thursday. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

☆ U.S. FCC set to ban approvals of new Huawei, ZTE equipment- document
▼ + stars: | 2022-10-13 | by ( David Shepardson | ) www.reuters.com time to read: +3 min

WASHINGTON, Oct 13 (Reuters) - The U.S. Federal Communications Commission is set to ban approvals of new telecommunications equipment from China's Huawei Technologies and ZTE (000063.SZ) in the United States on national security grounds, according to a document posted by the agency. The companies would not be able to sell new equipment in the United States without equipment authorizations. In June 2021, the FCC voted to advance the plan to ban approvals for equipment in U.S. telecommunications networks from Chinese companies deemed national security threats, including Huawei and ZTE. ... We have left open opportunities for (Huawei and other Chinese equipment) use in the United States through our equipment authorization process. The FCC action would prohibit all future authorizations for communications equipment deemed to pose an unacceptable risk to national security.

Search resuls for: "AO"

25 mentions found