14 July

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Asian shares lower on U.S. inflation jitters By Reuters

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By Andrew Galbraith SHANGHAI (Reuters) - Asian shares fell on Wednesday after data showing the biggest jump in U.S. inflation in 13 years fuelled some market expectations that the Federal Reserve could exit pandemic-era stimulus earlier than previously thought. But U.S. bond yields and the dollar were lower in Asian trade after jumping a day earlier on the inflation data. The U.S. consumer price index jumped 0.9% in June, the Labor Department said on Tuesday. That was above market expectations and the largest gain since June 2008. "Against the background of higher, longer U.S. inflation, a...

14 July

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Dollar hits 3-mth high to euro on bets for faster Fed tightening; kiwi soars By Reuters

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By Kevin Buckland TOKYO (Reuters) - The U.S. dollar touched a three-month high versus the euro and a one-week high versus the yen on Wednesday, after heated U.S. inflation spurred bets of faster monetary policy tightening than Federal Reserve officials have so far signalled. The New Zealand dollar jumped as much as 0.8% to 70.07 U.S. cents after the Reserve Bank of New Zealand said Wednesday it would halt its large-scale asset-purchase programme. On Tuesday, the kiwi had sunk as low as 69.18 cents for the first time since November. The greenback strengthened to $1.17720...

14 July

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U.S., UK trade chiefs meet, agree to strengthen bilateral ties By Reuters

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WASHINGTON (Reuters) - U.S. Trade Representative Katherine Tai and her British counterpart Liz Truss agreed to continue working to strengthen bilateral ties in a meeting in Washington on Tuesday, Tai's office said in a statement. Tai and Truss agreed that their recent truce in a long-running trade dispute over aid for planemakers Airbus and Boeing (NYSE:BA) creates a platform for "future collaboration on shared challenges, including those posed by the anti-competitive practices of China and other non-market economies." They also stressed the importance of fair competition in the global economy, and agreed to work together to...

14 July

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British minister asks for monitoring of Vectura’s proposed takeover by Philip Morris -The Times By Reuters

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(Reuters) - British Business Minister Kwasi Kwarteng has asked officials to monitor drugmaker Vectura Group PLC's proposed takeover by U.S. tobacco group Philip Morris International Inc (NYSE:PM), the Times newspaper reported https:// Kwarteng is understood to be working with officials to better understand the plans Philip Morris has for Vectura, according to the report, which did not elaborate on the officials. Philip Morris agreed on Friday to buy Vectura for 1.05 billion pounds ($1.45 billion), giving the U.S. firm access to the British drugmaker's respiratory ailment treatments and inhaling device technology. ($1 = 0.7244...

14 July

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WHO warns individuals against mixing and matching COVID vaccines By Reuters

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(Corrects spelling of Novavax in last paragraph) GENEVA (Reuters) -The World Health Organization's chief scientist has advised individuals against mixing and matching COVID-19 vaccines from different manufacturers, saying such decisions should be left to public health authorities. "It's a little bit of a dangerous trend here," Soumya Swaminathan told an online briefing on Monday after a question about booster shots. "It will be a chaotic situation in countries if citizens start deciding when and who will be taking a second, a third and a fourth dose." Swaminathan had called mixing a "data-free zone" but later...

14 July

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French retailers puzzle over how to keep non-vaccinated shoppers from stores By Reuters

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PARIS (Reuters) -French retailers were puzzled on Tuesday over how a new government proposal requiring them to block people not vaccinated against COVID-19 from shopping malls could possibly work out in practice. Ahead of a meeting with Finance Minister Bruno Le Maire on Wednesday, retailers said that a widening of COVID health pass requirements announced by President Emmanuel Macron on Tuesday was difficult to implement. [nL1N2OP0H0] In a bid to slow down the spread of the virus, Macron said a health pass would be required from July 21 to enter places of leisure and culture...

14 July

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Dollar rises as U.S. data shows inflation running hot By Reuters

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By Saqib Iqbal Ahmed and Marc Jones NEW YORK (Reuters) -The U.S. dollar climbed to a 5-day high against a basket of currencies on Tuesday after data showed U.S. inflation data for June coming in hotter than expected, raising the prospect that inflationary concerns are set to linger. U.S. consumer prices rose by the most in 13 years in June https://www.reuters.com/article/usa-economy-inflation/u-s-consumer-prices-surge-in-june-idUSL1N2OO1VQ amid supply constraints and a continued rebound in the costs of travel-related services from pandemic-depressed levels as the economic recovery gathered momentum. "(This was) clearly an upside surprise. It will make (Federal Reserve Chairman...

14 July

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Stocks, debt yields slip on U.S. CPI, poor bond auction By Reuters

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By Herbert Lash and Tom Arnold NEW YORK/LONDON (Reuters) -Bond yields jumped and global share prices slipped after posting new highs on Tuesday as the biggest hike in U.S. inflation in 13 years rattled investors who fear rising interest rates could end a stock market rally that has doubled prices from 2020 lows. The yield on U.S. Treasury debt initially fell on news the U.S. consumer price index in June jumped 5.4% year over year, the largest gain since August 2008, the Labor Department said. But a weak Treasury auction sparked a 4.7-basis-point jump...

13 July

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Canada shares higher at close of trade; S&P/TSX Composite up 0.13% By Investing.com

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Investing.com – Canada equities were higher at the close on Tuesday, as gains in the Materials, IT and Energy sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite added 0.13%. The biggest gainers of the session on the S&P/TSX Composite were OrganiGram Holdings Inc (TSX:OGI), which rose 11.28% or 0.37 points to trade at 3.65 at the close. Dundee Precious Metals Inc (TSX:DPM) added 3.77% or 0.28 points to end at 7.71 and Alamos Gold Inc (TSX:AGI) was up 3.35% or 0.32 points to 9.87 in late...

13 July

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Do more: UK’s Johnson calls on firms to tackle internet’s ‘dark spaces’ By Reuters

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LONDON (Reuters) - British Prime Minister Boris Johnson will tell social media companies on Tuesday to do more to tackle online abuse, condemning racist comments made against England's soccer players as coming from "the dark spaces of the internet". Johnson's government has come under fire by some players and commentators, who say the Conservative prime minister and some of his top team have fanned the flames of prejudice in ways that encouraged online abuse of three Black players on the team. But Johnson's spokesman said the prime minister had urged people to support the team and...

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Asian shares lower on U.S. inflation jitters By Reuters

Dollar hits 3-mth high to euro on bets for faster Fed tightening; kiwi soars By Reuters

U.S., UK trade chiefs meet, agree to strengthen bilateral ties By Reuters

British minister asks for monitoring of Vectura’s proposed takeover by Philip Morris -The Times By Reuters

WHO warns individuals against mixing and matching COVID vaccines By Reuters

French retailers puzzle over how to keep non-vaccinated shoppers from stores By Reuters

Dollar rises as U.S. data shows inflation running hot By Reuters

Stocks, debt yields slip on U.S. CPI, poor bond auction By Reuters

Canada shares higher at close of trade; S&P/TSX Composite up 0.13% By Investing.com

Do more: UK’s Johnson calls on firms to tackle internet’s ‘dark spaces’ By Reuters

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