Chip shortage causes more disruptions in auto production, but trader has a hedge play

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Chip shortage causes more disruptions in auto production, but trader has a hedge play

JC O’Hara, chief market technician of MKM Partners, identified one way to get exposure to the auto stocks without the headwind risk. “Used car sales are through the roof so one play that …
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'Only for the wealthy': Airlines slam UK foreign travel rules

UNITED KINGDOM / CNN — Airlines based in the United Kingdom are arguing that expensive mandatory coronavirus tests will make vacations and family visits unaffordable for everyone but the rich. The UK government unveiled the “traffic signal” framework …
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US stock futures buoyant on inflation view

LONDON (Reuters) – U.S. stock futures were buoyant before the open on Friday after the S&P 500 rose to a record on Thursday on easing inflation fears, and world stocks also scored a record high. FILE PHOTO: The London Stock Exchange Group offices are …
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China Huarong Tries to Revive Investor Confidence After Rout

In an emailed response to questions from Bloomberg on Friday, the state-owned company said it has been making debt payments “on time” and its
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Rio Tinto, Turquoise Hill reach deal on Oyu Tolgoi expansion

MELBOURNE (Reuters) -Rio Tinto Ltd said on Friday it has reached a binding agreement with Turquoise Hill Resources Ltd over funding for expansion of the massive Oyu Tolgoi copper-gold mine in Mongolia. Rio and Turquoise Hill will restructure debt …
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