18 June

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Bank of England to look through temporary inflation rise: Reuters poll By Reuters

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By Jonathan Cable LONDON (Reuters) - British inflation can rise above 3% before the Bank of England feels discomfort, according to a Reuters poll of economists who also said the economy would expand faster than previously thought this quarter as more pandemic restrictions are lifted. The central bank has a 2% inflation target, but the rate unexpectedly jumped above that in May for the first time in almost two years and hit 2.1%, part of a post-lockdown climb in prices that is expected to gather pace. Inflation will peak at 2.4% in the final quarter of...

18 June

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Canada shares lower at close of trade; S&P/TSX Composite down 0.35% By Investing.com

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Investing.com – Canada equities were lower at the close on Thursday, as losses in the Energy, Materials and Healthcare sectors propelled shares lower. At the close in Toronto, the S&P/TSX Composite fell 0.35%. The biggest gainers of the session on the S&P/TSX Composite were Shopify Inc (TSX:SHOP), which rose 7.59% or 126.75 points to trade at 1797.22 at the close. Lightspeed POS Inc (TSX:LSPD) added 7.23% or 6.44 points to end at 95.46 and BlackBerry Ltd (TSX:BB) was up 5.83% or 0.92 points to 16.69 in late trade. Biggest losers included Yamana Gold Inc...

18 June

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HK pro-democracy tabloid Apple Daily increases production after police raid By Reuters

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HONG KONG (Reuters) - Hong Kong pro-democracy tabloid Apple (NASDAQ:AAPL) Daily increased its Friday press run after 500 police officers raided its newsroom the previous day and seized reporting materials as part of a probe into whether articles threatened China's national security. Police arrested five executives, including Apple Daily's chief editor, at dawn on Thursday and froze HK$18 million ($2.32 million) of assets owned by three companies linked to the paper before cordoning off the building. It was the second time police had raided the newsroom after the arrest last year of media tycoon Jimmy...

18 June

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Largest Boeing 737 MAX model set for maiden flight – source By Reuters

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By Eric M. Johnson SEATTLE (Reuters) - Boeing (NYSE:BA) Co was readying the largest member of its 737 MAX family for its maiden flight on Friday, a person familiar with the matter said, as the planemaker tries to close a sales gap with a competing Airbus jet. The first voyage of the 737 MAX 10, expected around 10 a.m. local time from the Seattle area, the person said, heralds months of testing and certification before it enters service in 2023. In an unusual departure from the PR buzz surrounding first flights, the event was expected to...

18 June

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Adobe, Triple Witching, Juneteenth: 3 Things to Watch By Investing.com

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By Christiana Sciaudone Investing.com -- Tech stocks were the ones to watch today as Treasury yields moved lower. The Fed's view that inflation is transitory is gaining in popularity, and the fall in 10-year break-evens is giving tech "somewhat of a green light if indeed the Fed is correct," Janney Montgomery Scott said. Others say there's less supply and that's the explanation for the move. Cyclicals, however, struggled on the rotation from value to growth, and financials were dragged lower by banks since lower yields hurt net interest margin. Gold Futures prices tumbled almost...

18 June

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CureVac may let contractors make rival vaccines if own shot fails -CEO By Reuters

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By Tilman Blasshofer and Ludwig Burger FRANKFURT (Reuters) - German biotech firm CureVac could allow its network of manufacturing partners to be repurposed to make vaccines developed by other companies should its own experimental shot fail, its chief executive told Reuters on Thursday. The German company saw billions of euros wiped from its market value on Thursday after its COVID-19 vaccine proved only 47% effective in an initial trial read-out, denting investor confidence in its ability to take on rival shots. "At the moment we are of course fully committed to obtain authorisation, the data will...

18 June

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COVID deals new blow to foreign carmakers’ Indian dream By Reuters

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By Aditi Shah NEW DELHI (Reuters) - Foreign automakers' hopes of a booming Indian car market are fading fast as a brutal second wave of COVID-19 infections and limited government room for more stimulus spending suggest a recovery could lag far behind China and the United States. Carmakers that saw nearly a decade of Indian sales growth wiped out in 2020 are expecting a bounce back in demand this year. But it is likely to be led by small, affordable cars - a sector dominated by homegrown leader Maruti Suzuki and rival Hyundai -...

18 June

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Adobe Earnings, Revenue Beat in Q2; Cash Flows Hit Record By Investing.com

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By Yasin Ebrahim Adobe (NASDAQ:ADBE) reported Thursday fiscal second-quarter earnings that beat analysts' forecasts as strong software demand bolstered cash flows to record. Adobe shares gained 1.31% in after-hours trade following the report. Adobe announced earnings per share of $3.03 on revenue of $3.84 billion. Analysts polled by Investing.com anticipated EPS of $2.81 on revenue of $3.73 billion. The digital media business, which makes up the bulk of growth, saw revenue rise 25%, to $2.79 billion. Creative revenue grew 24%, to $2.32 billion, while document cloud revenue was $469 million, up 30% on the prior-year...

18 June

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Ford sees better-than-expected quarterly profit on higher vehicle prices By Reuters

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(Reuters) - Ford Motor (NYSE:F) Co said on Thursday its second-quarter operating profit will exceed expectations due to lower costs and rising prices for new and used vehicles amid the global semiconductor chip shortage. Ford Chief Executive Jim Farley also said at a Deutsche Bank (DE:DBKGn) conference that the No. 2 U.S. automaker will eventually raise its spending on electric vehicles beyond the $30 billion-plus through 2025 that it outlined last month. He added the Argo AI self-driving software startup, in which Ford invested, will need more funding in the future. Ford will provide...

18 June

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Exclusive: Chinese apps could face subpoenas or bans under Biden order – sources By Reuters

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By Karen Freifeld (Reuters) - U.S. President Joe Biden's executive order aimed at safeguarding Americans' sensitive data would force some Chinese apps to take tougher measures to protect private information if they want to remain in the U.S. market, according to people familiar with the matter. The goal is to keep foreign adversaries like China and Russia from gaining access to large amounts of personal and proprietary business information. The U.S. Department of Commerce may issue subpoenas to collect information about certain smartphone, tablet and desktop computer software applications. Then the agency may either negotiate conditions...

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Bank of England to look through temporary inflation rise: Reuters poll By Reuters

Canada shares lower at close of trade; S&P/TSX Composite down 0.35% By Investing.com

HK pro-democracy tabloid Apple Daily increases production after police raid By Reuters

Largest Boeing 737 MAX model set for maiden flight – source By Reuters

Adobe, Triple Witching, Juneteenth: 3 Things to Watch By Investing.com

CureVac may let contractors make rival vaccines if own shot fails -CEO By Reuters

COVID deals new blow to foreign carmakers’ Indian dream By Reuters

Adobe Earnings, Revenue Beat in Q2; Cash Flows Hit Record By Investing.com

Ford sees better-than-expected quarterly profit on higher vehicle prices By Reuters

Exclusive: Chinese apps could face subpoenas or bans under Biden order – sources By Reuters

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