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Walmarts Flipkart Expands Grocery Sales to Indian Cities

March 2, 2021
Business
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Walmartowned Flipkart will sell groceries online in more Indian cities, as it seeks to compete better with Amazon and Reliance in an ecommerce market that has grown rapidly during the COVID19 pandemic. Flipkart has already expanded online grocery sales to more than 50 Indian cities and intends to reach over 70 locations in the next […]

March 2, 2021
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The European Central Bank has the flexibility to counter any undesired rise in bond yields, the banks vice president told a Portuguese newspaper after several policymakers called on the bank to act. We will have to see whether this increase in nominal yields will have a negative impact on financing conditions, de Guindos told Público […]

March 2, 2021
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British house price growth picked up unexpectedly last month, mortgage lender Nationwide said on Tuesday, defying expectations of a slowdown as finance minister Rishi Sunak readies new budget measures to boost the market. House prices rose 6.9 in annual terms in February from 6.4 in January, Nationwide said, above all forecasts in a Reuters poll […]

March 2, 2021
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BERLIN Reuters German retail sales tumbled more than expected in January as the COVID19 lockdown and the withdrawal of a temporary cut in sales tax hit consumer spending in Europes largest economy, data showed on Tuesday. The Federal Statistics Office said retail sales fell 4.5 on the month in real terms after an upwardly […]

March 2, 2021
Finance
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TOKYO, March 2 Reuters Japans powerful lower house on Tuesday passed a record 1 trillion budget for the coming financial year, and lawmakers are already debating further stimulus to cope with the economic fallout from the coronavirus pandemic. Like many other nations, Japan has spent heavily to counter the pandemic. The budget for the year […]

March 2, 2021
Finance
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Reuters Beacon Street Group will go public through a merger with blankcheck firm Ascendant Digital Acquisition Corp, in a deal that pegs the financial research subscriptions services proforma enterprise value at 3 billion. The cash portion of the deal, announced on Tuesday, will be financed by the 414 million raised in an initial public offering […]

March 2, 2021
Finance
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March 2 Reuters The listed shares of the Japanese and Swiss central banks rose sharply on Tuesday, without any apparent underlying reason, in what traders said was a reflection of high levels of investor exuberance in markets flooded with cash. Shares in the Bank of Japan BOJ and the Swiss National Bank SNB gained as […]

March 2, 2021
Politics
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A group of some of the worlds most powerful oil producers will hold a crucial meeting on Thursday to discuss reversing some of the output cuts it made last year. OPEC and its nonOPEC partners, an energy alliance sometimes referred to as OPEC , will convene via videoconference in a bid to reach consensus over […]

March 2, 2021
Politics
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President Joe Bidens team will use all available tools to fight Chinas unfair trade practices, according to a report outlining the new U.S. administrations trade agenda. The document released on Monday did not specify the tools that the administration will use, but it formalized statements made by Biden and members of his team in the […]

March 2, 2021
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As British Finance Minister Rishi Sunak prepares to set out the countrys economic path to recovery, analysts are weighing the possibility of tax hikes and a nod to future fiscal tightening. The budget, due on March 3, comes as nationwide Covid19 restrictions are set to be gradually unwound over the coming months, culminating in full […]

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Walmarts Flipkart Expands Grocery Sales to Indian Cities

ECB has Flexibility to Counter Undesired Yield Rise

UK House Price Growth Picks Up Unexpectedly in February

German Retail Sales Tumble in January as Lockdown Bites

Japan Lower House Approves Record Budget

Beacon Street to Go Public via 3 Billion SPAC Merger

Japanese and Swiss C.Bank Shares Soar in Exuberant Markets

Saudi and Russia are at Loggerheads again, but OPEC Meeting Unlikely to Ruin Oil Party

Bidens Team Says it will Use all Available Tools to Fight Chinas Unfair Trade Practices

Tax Hikes, Furlough Extensions and Hawkish Tone Predictions

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