Monday, 1 August 2022

Americana adds HSBC to list of banks for Gulf dual listing -sources

Americana adds HSBC to list of banks for Gulf dual listing -sources

The Middle East and North Africa franchisee of fast-food restaurants KFC and Pizza Hut has added HSBC to its syndicate of advisers for its potential dual listing this year, two sources familiar with the matter told Reuters.

Bank of England to get more aggressive with 50 bps hike on Thursday

The Bank of England is now expected to lift borrowing costs by a bigger 50 basis points to 1.75% on Thursday as it battles soaring inflation, according to a Reuters poll taken over the past week after several economists changed their minds.

Futures edge lower ahead of July factory activity data

U.S. stock index futures edged lower on Monday following a strong rally last week on earnings optimism, with investors awaiting a factory activity data after similar surveys from China and the Eurozone fueled recession worries.

Emirates plans to reduce Nigeria service due to trapped revenue - letter

Dubai's Emirates plans to reduce flights to Nigeria this month due to troubles repatriating revenue from Africa's most populous nation, according to a letter sent to the government and seen by Reuters.

Aeva strikes deal to sell industrial sensors to Germany automation firm

Aeva Technologies Inc on Monday said it has reached a deal with a German firm to sell its sensors for industrial uses such as automating manufacturing lines with machines and self-driving mining trucks.

Stephen King goes to bat for U.S. gov't in case against book publishing mega-merger

The U.S. Justice Department will ask a federal judge on Monday to block a $2.2 billion merger of two of the "Big Five" book publishers, Penguin Random House and Simon & Schuster, in a trial that is expected to feature testimony from horror writer Stephen King.

GLOBAL ECONOMY Factories squeezed by higher prices, weak demand

Factories across Asia and Europe struggled for momentum in July as flagging global demand and China's strict COVID-19 restrictions slowed production, surveys showed on Monday, likely adding to fears of economies sliding into recession.

Australia home prices slide, Sydney suffers worst month in 40 years

Australian home prices slid for a third month in July and the pace quickened as Sydney suffered its worst decline in almost 40 years amid rising borrowing costs and a cost-of-living crisis.

Bank of England probes the persistence of UK's inflation surge

The Bank of England says it will act forcefully if needed to stop the surge in inflation from turning into a long-term problem, meaning it could deliver a rare half-percentage point interest rate rise as soon as this week.

U.S. considers crackdown on memory chip makers in China

The United States is considering limiting shipments of American chipmaking equipment to memory chip makers in China including Yangtze Memory Technologies Co Ltd (YMTC), according to four people familiar with the matter, part of a bid to halt China's semiconductor sector advances and protect U.S. companies.

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