Jarden Brief: Dire impact of semi-conductor shortage on car industry
5 May, 2021 08:16 PM
8 minutes to read
Ford has said it will have to cut production by more than a million cars. Photo / Getty Images
Ford has said it will have to cut production by more than a million cars. Photo / Getty Images
NZ Herald
New Zealand
The NZX50 closed slightly lower yesterday, decreasing 0.5 per cent. Restaurant Brands New Zealand (+4.1 per cent to $13.95), which operates fast food chains such as KFC, Pizza Hut and Taco Bell in New Zealand was the biggest climber, continuing its upward trend over the last five days.
No Respite for Huarong Investors as Earnings Delay Adds to Chaos
Apr 26 2021, 10:39 PM
April 26 2021, 11:03 AM
April 26 2021, 10:39 PM
(Bloomberg) What investors in China Huarong Asset Management Co. want is transparency over its future. What theyâre getting is a lesson in how opaque Chinese state-owned companies can be.
(Bloomberg) What investors in China Huarong Asset Management Co. want is transparency over its future. What theyâre getting is a lesson in how opaque Chinese state-owned companies can be.
On Sunday, the embattled firm announced it wouldnât publish its 2020 earnings by the end of this month the deadline required by Hong Kongâs stock exchange. Instead of providing clarity, the company released a thinly-worded statement in Chinese only, mostly reiterating information that investors already knew. There was no indication of when results would be published or if anything has changed since its April 1 filing to the cityâs exchange, where
Oil Extends Losing Run on Demand Concerns, U.S. Stockpile Gain
Bloomberg 1 hr ago Sharon Cho
(Bloomberg) Oil dropped for a third day after data showed a rise in U.S. stockpiles and investors fretted over an uneven recovery in global demand.
West Texas Intermediate shed 0.5% following a fall on Wednesday, when government figures showed the first rise in American stockpiles in a month. A flare-up in coronavirus cases in India, the third-largest oil importer, is hurting consumption, with curbs reimposed in cities including Mumbai. That’s offsetting positive signals on demand from other economies including China and the U.S.
Huarong Bonds Drop After Report Regulators Consider Restructuring
Bloomberg 23 mins ago Sofia Horta e Costa and Rebecca Choong Wilkins
(Bloomberg) China Huarong Asset Management Co.’s dollar bonds sank Tuesday after Reorg Research reported regulators are considering options for the company that include restructuring the debt of its offshore unit.
A debt restructuring is one of several options under discussion and a decision is far from finalized, according to the report, which cited people familiar with the matter. Reorg is a New York-based provider of credit data and analytics. Almost all of China Huarong’s $22 billion in dollar bonds are issued or guaranteed by China Huarong International Holdings Ltd., the offshore unit.