ECB reacts to inflation, Nio reportedly delays Hong Kong listing, United Airlines’ latest vaccine policy
Yahoo Finance's Julie Hyman breaks down Thursday’s business headlines.
Video Transcript
JULIE HYMAN: United Airlines told staff in a memo that if they're granted an exemption to the company's vaccine mandate for religious reasons, they will be put on temporary unpaid leave as of October 2nd. Employees who receive medical exemptions may also be unpaid. That depends on their union contracts and employment agreements. United did not say how many of its workers have been given exemptions, only that a, quote, "large majority of US staff is vaccinated."
As we've been talking about the European Central Bank [INAUDIBLE] today, it will slow the pace of its Pandemic Bond buying program. It have been buying about 80 billion euros-- that's about $95 billion of bonds a month in its special program. At the same time, the ECB reiterated its promise to keep the program running until at least March of next year. We take a look at how the euro is trading in reaction to this. Not much change today. This wind down was expected.
NIO may delay the listing of its stock in Hong Kong to next year. That's according to Bloomberg, which cited unnamed people familiar with the matter. The Chinese electric vehicle maker trades in the US and filed in March to list in Hong Kong. It's received inquiries into aspects of its structure from the Hong Kong Stock Exchange. The stock, by the way, was down 6% yesterday after NIO failed to sell as much as $2 billion in American depository receipts. The stock not doing too much in today's session.
