Brewer Wang Fan commemorates the turbulent period of the coronavirus outbreak in the Chinese city Wuhan through his beer
Brewer Wang Fan commemorates the turbulent period of the coronavirus outbreak in the Chinese city Wuhan through his beer
Country diary: snowfall creates a mini monochrome world in the woodsThe Chevin, Otley, West Yorkshire: The only colour is the dark green ferns in the depths of a ghyll
Harvest volumes Q4 2020 (1) Farming Norway78.5 thousand tonnesFarming Scotland13.0 thousand tonnesFarming Canada12.5 thousand tonnesFarming Chile20.5 thousand tonnesFarming Ireland1.0 thousand tonnesFarming Faroes1.5 thousand tonnesTotal127.0 thousand tonnes In connection with the presentation of the Q3 2020 results, Mowi ASA guided a total harvest volume of 128.9 thousand tonnes (GWE) for Q4 2020. Note: (1) The harvest volumes are provided in gutted weight equivalents (GWE). The figures include salmonid species only. Additional information Operational EBIT for the Group was approximately EUR 49 million in Q4 2020 (EUR 166 million in Q4 2019). Blended Farming cost per kg harvested was EUR 4.28, a reduction from EUR 4.40 in Q4 2019. Blended Farming cost for the third quarter 2020 was EUR 4.23 per kg. Total Operational EBIT per kg through the value chain was approximately as follows: NorwayEUR 0.75ScotlandEUR 1.55CanadaEUR -1.10ChileEUR -0.50IrelandEUR 2.60FaroesEUR -0.75 Operational EBIT in Consumer Products was EUR 35 million and Feed EUR 14 million in Q4 2020. Reported financial net interest-bearing debt (NIBD) was approximately EUR 1 460 million at the end of the quarter (excluding IFRS 16 effects). The complete Q4 2020 report will be released on 17 February at 06:30 CET. Please refer to the Annual Report for detailed descriptions and reconciliations of non-IFRS measures such as Operational EBIT and NIBD. This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Munich [Germany], January 18 (ANI): Bayern Munich manager Hansi Flick said that he is satisfied with the team's performance against Freiburg and the side needs to maintain this in the upcoming games as well.
Southeast Asian ride-hailing and food delivery giant Grab is exploring a listing in the United States this year, encouraged by robust investor appetite for IPOs, three sources familiar with the matter told Reuters. The IPO could raise at least $2 billion, one of the sources said, which would likely make it the largest overseas share offering by a Southeast Asian company. Singapore-based Grab declined comment on the potential IPO.
(Bloomberg) -- Gold held a decline on a stronger dollar and the currency’s outlook, while investors assessed the timeline for the U.S. stimulus package.Former Federal Reserve Chair Janet Yellen is expected to affirm the U.S.’s commitment to market-determined exchange rates when she testifies on Capitol Hill Tuesday, and she will make clear the U.S. doesn’t seek a weaker dollar for competitive advantage, according to a report from the Wall Street Journal, citing people familiar with the preparation. A gauge of the greenback has climbed in the past two weeks.Yellen’s confirmation hearing as Treasury Secretary is scheduled for Jan. 19 in front of the Senate Finance Committee, the day before President-elect Joe Biden is sworn into office.Bullion has dropped almost 4% this year as U.S. Treasury yields and the dollar advanced. Still, the metal is staying above $1,800 an ounce and is expected to receive support from massive stimulus packages from central banks and governments. Biden is pushing for quick congressional action on his economic relief plan, but he risks slowing it down with a federal minimum-wage increase that Republicans and business groups have long fought.“A stronger U.S. dollar is proving to be a headwind for precious metals prices despite the massive trillion dollar stimulus proposals to alleviate the ill effects of Covid-19,” said Avtar Sandu, a senior manager for commodities at Phillip Futures Pte.Spot gold was little changed at $1,828.22 an ounce by 12:43 p.m. in Singapore after earlier falling as much as 1.3%. Prices ended last week 1.1% lower. Silver and platinum rose, while palladium was steady.Meanwhile, as the U.S. death toll from Covid-19 neared 400,000, Anthony Fauci, the nation’s top infectious disease expert, said that Biden’s promise of delivering 100 million vaccine doses in 100 days is “absolutely a doable thing.” Vaccinations in the U.S. began Dec. 14 with health-care workers, and so far 13.7 million shots have been given, according to a state-by-state tally by Bloomberg News and data from the Centers for Disease Control and Prevention.For 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.
Russian president’s most determined foe detained minutes after landing at Moscow
There are sure tell-tell signs of being always unhappy around that person, having frequent arguments, and so on.
In the last days of his administration, U.S. President Donald Trump took what may be his parting shot at China's Huawei. Reuters sources say Trump has pulled licenses from companies including Intel that let them sell to Huawei, another push to weaken a company the U.S. considers a threat to national security. The notices came amid a flurry of U.S. actions against Beijing just days before President-elect Joe Biden takes office on Wednesday. A source familiar with the decision said eight licenses were taken from four companies and that the Department of Commerce intends to reject dozens of applications for new ones. When asked, Commerce said it would not comment on specifics but did say their policies protect 'U.S. national security and foreign policy interests.' Huawei has been in Washington's crosshairs for years, saying the company's equipment could be used for state spying. Back in May 2019, The Trump administration attempted to restrict suppliers from selling U.S. goods and technology to Huawei, but some sales were still allowed- with a license. Restrictions have ratcheted up since, mostly targeting products that can make use of 5G technology. Huawei's chief finance officer, Meng Wanzhou, has also been detained in Canada since 2018 on a U.S. warrant. Wanzhou is accused of violating U.S. sanctions against Iran and conspiring to steal trade secrets from American technology companies.
The fourth-wicket pair calmly collected the remaining runs.
As much of the world tightens lockdowns to stem coronavirus, Dubai has flung its doors open, branding itself as a sunny, quarantine-free escape -- despite a sharp rise in cases. While mask-wearing and social distancing are strictly enforced, life in the tourism-reliant emirate looks much like normal, with its restaurants, hotels and mega-malls open for business.Daily detected cases hover in the mid-3,000s across the United Arab Emirates, which has a population of under 10 million, with 745 deaths from Covid-19 since the pandemic began.
U.S. defense officials say they are worried about an insider attack or other threat from service members involved in securing President-elect Joe Biden’s inauguration, prompting the FBI to vet all of the 25,000 National Guard troops coming into Washington for the event. The massive undertaking reflects the extraordinary security concerns that have gripped Washington following the deadly Jan. 6 insurrection at the U.S. Capitol by pro-Trump rioters. Army Secretary Ryan McCarthy told The Associated Press on Sunday that officials are conscious of the potential threat, and he warned commanders to be on the lookout for any problems within their ranks as the inauguration approaches.
It's a modern-day classic.
(Bloomberg) -- HDFC Bank Ltd., India’s largest private lender by assets, posted third-quarter profit that beat analyst expectations after earnings were buoyed by strong loan growth. Shares jumped.Net income was 87.6 billion rupees ($1.2 billion) in the three months through December compared with 74.2 billion rupees a year earlier, exchange filings on Saturday showed. That beat the average estimate of 76.4 billion rupees from 18 analysts, according to data compiled by Bloomberg.India’s most valuable bank by market capitalization is the first lender to report third-quarter results. While banks largely withstood the coronavirus pandemic’s economic fallout due to a revival in consumer spending, a six-month moratorium and a loan restructuring program has masked some of the soured debt.Shares in HDFC Bank surged as much as 2.3% in Mumbai on Monday to a record 1,500 rupees, while the S&P BSE Bankex Index fell.HDFC Bank’s 18% profit growth may be “among the strongest performance reported by the larger Indian banks in fiscal 3Q ended December,” said Diksha Gera, an analyst at Bloomberg Intelligence, adding that “peers Axis, ICICI and Yes Bank are likely to lag.”The gross bad loan ratio at the bank led by Chief Executive Officer Sashidhar Jagdishan narrowed to 0.8% at the end of December from 1.08% three months earlier. The ratio would have been 1.38% without the relaxation of rules regarding the recognition for bad debt, the bank said in the filing.To read about the boost to banks’ consumer loan bookHDFC Bank’s loan book grew by an annual 16% in the October to December period, outpacing the sector’s average growth of 6%. Last year, the bank was ordered to curb some digital and credit card operations following a series of technical glitches, a rare step by the financial regulator as online transactions surge in the nation.In 2020, “there were worries on unsecured loans, growth, management transition and tech-related issues during the later part of the year,” said Suresh Ganapathy, an analyst at Macquarie Capital Securities (India) Pvt. “Despite all the challenges, HDFC Bank has done well.”(Updates with analyst comments and share reaction.)For 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.
(Bloomberg) -- One of India’s top fund managers is turning bullish on higher-yielding rupee corporate bonds based on the view that the nation’s recovery will outpace the consensus estimate of economists.Maneesh Dangi, who oversees $25 billion of debt assets at Aditya Birla Sun Life AMC Ltd., expects India’s economy to expand by 13% in the fiscal year starting April, compared with a median forecast of 9% by economists surveyed by Bloomberg. Dangi bases his outlook in part on optimism about the jobless rate falling after lockdowns were eased as well as policy steps helping minimize insolvencies.Aditya Birla Sun Life Corporate Bond Fund is the third-best performer among India’s mutual funds focused on the company note category in the past year with an 11.4% return on its regular investment plan, according to data from the Association of Mutual Funds in India.“We will start dialing up AA risk,” said Dangi, 44, referring to corporate bonds with credit ratings in the AA category. “Quality AA rated papers where yields have not compressed to pre-Covid levels are offering attractive returns.”That approach must contend with numerous risks. While the government has said economic indicators suggest a broad-based recovery ahead, it forecasts the worst contraction since 1952 for the current fiscal year. Recent Covid-19 resurgence in countries that, like India, had success after strict earlier lockdowns is also a reminder of how unpredictable the crisis can be. And the nation is still home to one of the world’s largest outbreaks globally.Dangi said the “biggest risk” to his strategy would be any premature withdrawal of support measures to counter the pandemic, and he stressed that officials face a delicate task in communicating with debt markets.Last week brought a stark warning on that account. Yield premiums on rupee corporate bonds jumped after falling to record lows in 2020, following an announcement by the central bank that it would drain cash from the market in an effort to normalize liquidity operations.Dangi had been reducing holdings of all but the safest corporate bonds in recent years until of late. He had done so because of a credit crisis triggered by the failure of a large shadow bank in 2018 that stung local markets even before the pandemic.Read about RBI assuring bond investors over its easy monetary stanceNow, though, he is keen on buying debt from firms that are likely to get upgraded to AA in the near future. He has also shortlisted a few non-AAA rated borrowers from sectors including commodities, chemicals and automobile components, which could benefit from any sharp economic recovery.(Adds chart showing rising yields for corporate rupee notes)For 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.
Using iron kadhais while cooking certain types of food can add on to the nutrition value of your food and boost haemoglobin levels.
Mukesh Ambani's Reliance Industries plans to embed its ecommerce app JioMart into WhatsApp within six months, financial daily Mint reported https://bit.ly/3oTRtPB on Monday, as the Indian conglomerate looks to ramp up its retail and grocery business in the country. Reliance, which has been trying to move away from its mainstay oil and energy business, had last year raised about $26 billion from investors like Google and Facebook for its digital and retail arms as it takes on Amazon.com Inc and Walmart-backed Flipkart in India. The move to integrate JioMart with WhatsApp will allow hundreds of millions of users to order products from Reliance without having to leave the app, Mint said, citing two officials aware of the development.
Jonny Bairstow and Dan Lawrence held their nerve in a 52-run unbroken stand to guide England to a seven-wicket win Monday on the fifth and final morning of the series-opening test against Sri Lanka. England ensured it didn't have any more hiccups in erasing the remaining 36 required on the last day after Sri Lanka had set up a tricky 74-run target on a turning wicket. England had slumped to 14-3 late on the fourth evening before Bairstow and Lawrence combined to usher the tourists to 76-3.
England (421 and 76 for three) beat Sri Lanka (135 and 359) by seven wickets
Mukesh Ambani's Reliance Industries plans to embed its ecommerce app JioMart into WhatsApp within six months, financial daily Mint reported https://bit.ly/3oTRtPB on Monday, as the Indian conglomerate looks to ramp up its retail and grocery business in the country. Reliance, which has been trying to move away from its mainstay oil and energy business, had last year raised about $26 billion from investors like Google and Facebook for its digital and retail arms as it takes on Amazon.com Inc and Walmart-backed Flipkart in India.
(Bloomberg) -- A stronger U.S. dollar is proving to be an early test for emerging-market currencies on the eve of Joe Biden’s inauguration.The greenback gained over the last two weeks, buoyed by the president-elect’s proposal for a $1.9 trillion stimulus package. Most developing-nation currencies have slumped in that span, and history suggests further pain may be in store.MSCI Inc.’s gauge of emerging-market currencies ended 2020 with its biggest quarterly advance in a decade as optimism over the distribution of Covid-19 vaccines bolstered risk appetite. Now, the backdrop of rising cases, renewed lockdowns and vaccine concerns threatens to reverse those flows.“If vaccines prove less effective than we expect and [the] global economy stumbles, the ‘safe haven’ dollar would likely appreciate,” Goldman Sachs Group Inc. strategists including Zach Pandl wrote in a report.Listen: EM Weekly Podcast: Dollar’s Path; China GDP; Biden InaugurationStill, the strategists “expect broad dollar weakness” this year as exposures to risk assets and upside in commodity prices can outweigh the potential drag from higher U.S. rates.One currency of interest to investors is the Turkish lira, which has climbed since hitting a record low in November. On Thursday, the central bank is expected to keep the nation’s one-week repo rate at 17%.“The lira has rallied and reserves are stabilizing, providing no reason to raise rates further,” according to Bloomberg Economics. “Still, inflation accelerated in December, limiting the scope for rate cuts.”Policy makers in Malaysia, South Africa and Brazil will also decide on their borrowing costs this week.Meantime, Biden’s return to the White House on Wednesday will carry particular significance for traders who follow relations between the world’s two largest economies. On Friday, the Trump administration announced it would sanction six officials from China and Hong Kong in a parting shot to Beijing.Central Banks DecideTurkey’s central bank will probably leave its benchmark rate unchanged, according to the median estimate of 21 economists surveyed by BloombergTwo economists predict an increase of 50 basis points, while two forecast a hike by a percentage pointThe Monetary Policy Committee led by Governor Naci Agbal boosted the one-week repo rate to 17% from 15% last month, bolstering credibility with investors after he pledged to tighten policy when needed to keep prices in checkSouth Africa’s central bank will probably leave its policy rate on hold at 3.5% on Thursday, according to 15 out of 16 economists in a Bloomberg surveyOne predicted a reduction by 25 basis pointsThe second wave of the coronavirus pandemic, renewed lockdown restrictions and the return of power cuts will likely stall a recovery in an economy that contracted 8% in 2020, according to central bank forecasts. Even so, the central bank signaled at its previous policy meeting that it’s reluctant to lower borrowing costs further after cutting the repurchase rate five times last year by a total of three percentage pointsBank Negara Malaysia is expected to keep its benchmark rate on hold Wednesday, according to a median estimate of economists surveyed by BloombergBloomberg Economics argues that the central bank can afford to stand pat after 125 basis points of easing last year. Oil prices are also recovering, and Malaysia’s key trading partner, China, remains on the mend, it saidStill, it looks like a close decision, with 11 out of the 23 economists in the Bloomberg survey expecting a 25-basis-point cut after Malaysia was placed under renewed lockdown, and in part because of Malaysia’s persistently low inflation readingsMalaysia’s December year-over-year CPI is expected to remain deeply negative on FridayThe rate decision comes after Malaysia’s king declared a nationwide state of emergency for the first time in more than half a century, suspending parliament in a move that allows embattled Prime Minister Muhyiddin Yassin to avoid facing an election until the pandemic is over.Bank Indonesia is expected to hold policy rates unchanged on ThursdayThe central bank didn’t signal that more cuts were imminent at its previous meeting in December, and may be concerned about the risk of higher U.S. yields putting the rupiah under pressureOne economist in a Bloomberg survey expects a 25 basis-point cut, perhaps because inflation has remained below target for seven months straightREAD Reflation Flashes Red for Indonesia, Malaysia Debt: SEAsia RatesChina’s one-year loan prime rate -- the reference rate for bank loans to companies -- will likely remain at 3.85% in January, according to Bloomberg EconomicsBrazil’s central bank is expected to hold the key rate at an all-time low on Wednesday, while traders look for signs of more hawkish language after policy makers warned that inflation pressures could persist into the new yearKey Chinese DataChina’s economic data was probably enough to restore China’s outperformance narrative. Fourth-quarter GDP and industrial production nummbers both beat expectations in year-over-year terms. However, retail sales and fixed asset investment numbers both fell short.December currency settlement data from SAFE are due on Friday. This was previously scheduled for last week. It will be interesting to see if the hitherto low exporter-conversion rates have started to increase, as one would expect given the yuan’s steady trend of appreciation in second half 2020Ongoing Chinese official resistance to appreciation will also be monitored by traders after higher than expected yuan fixes and reports of state banks buying dollarsThe yuan edged lower last week and the offshore rate is a little weaker than onshore, suggesting that China has somewhat tamed appreciation expectations in the short-termMore DataTaiwanese export orders for December are expected to show a further 27% year-over-year increase on WednesdayThe Taiwan dollar remained little changed last week. The authorities are stepping up their efforts to use moral persuasion to prevent currency appreciation, Reuters reported last weekSouth Korea’s 20-day January export data are due on ThursdayThese figures will likely highlight continued resilience in external demand at the start of 2021The Korean won was the worst-performing currency in emerging Asia last week as higher U.S. yields caused a pull-back in Asia’s strongest currency in second half 2020That said, a Bloomberg study suggests that the won should be relatively impervious unless the increase in U.S. yields picks upThe Philippines reports December trade figures on Thursday, while Thailand’s December trade numbers will be released on FridaySouth Africa’s CPI inflation rate probably fell to 3.1% in December, from 3.2% the previous month, a report may show Wednesday, according to the median forecast in a Bloomberg surveyOn Tuesday, Russia’s central bank may publish preliminary 4Q data on the current-account balance, while the federal statistics service releases its consumer confidence index for the same quarterThe Finance Ministry may report its December budget balance data on Wednesday or ThursdayInflation in Poland probably slowed in December to 3.7% from 4.3%, a report may show Monday, according to the median estimate in a Bloomberg surveyThat would give the central bank room to reduce borrowing costs as it tries to weaken the zlotyA reading of Colombia’s November retail sale figures, economic activity index and industrial production on Monday will probably show more signs of recovering activity, while remaining below pre-pandemic levelsBrazil’s economic activity data published on Monday will probably show a small gain in NovemberMexican unemployment data, to be released on Thursday, will be monitored for signs of how high Covid infection rates are impacting jobsInflation for the first half of January, meantime, will probably be relatively stable, according to Bloomberg EconomicsFor 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.