15 June

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U.S. Navy says carrier group operating in South China Sea By Reuters

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TAIPEI (Reuters) - A U.S. aircraft carrier group led by the USS Ronald Reagan has entered the South China Sea as part of a routine mission, the U.S. Navy said on Tuesday, at a time of rising tensions between Washington and Beijing, which claims most the disputed waterway. China frequently objects to U.S. military missions in the South China Sea saying they do not help promote peace or stability, and the announcement follows China blasting the Group of Seven nations for a statement scolding Beijing over a range of issues. "While in the South China Sea,...

15 June

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China urges NATO to stop exaggerating ‘China threat theory’ By Reuters

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BEIJING (Reuters) - China's mission to the European Union urged NATO on Tuesday to stop exaggerating the "China threat theory" after the group's leaders warned that the country presents "systemic challenges". NATO leaders on Monday had taken a forceful stance towards Beijing in a communique at United States President Joe Biden's first summit with the alliance. "China's stated ambitions and assertive behaviour present systemic challenges to the rules-based international order and to areas relevant to alliance security," NATO leaders had said. The new U.S. president has urged his fellow NATO leaders to stand up to China's...

15 June

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What investors are watching from the Fed: taper talk and inflation By Reuters

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By Karen Brettell (Reuters) - Investors will be scrutinizing the Federal Reserve's comments at the close of its policy meeting on Wednesday for insight on whether the central bank has begun discussing tapering bond purchases and if policymakers are concerned about rising inflation. A possible hike to some key short-term rates is also in focus. Here are topics that investors are focused on: TALKING ABOUT TALKING ABOUT A TAPER The Fed is keen to minimize the possibility of a market disruption when it begins to reduce its $120 billion per month government bond and mortgage-backed...

15 June

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Britain’s biggest investor drops AIG, others from some funds over climate By Reuters

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By Simon Jessop and Elizabeth Howcroft LONDON (Reuters) - Legal & General Investment Management, Britain's biggest asset manager, said on Tuesday it would drop four companies from a number of its funds over their "insufficient" response to the challenge of climate change, including U.S. insurer AIG (NYSE:AIG). The others to be divested are Chinese lender Industrial and Commercial Bank of China, U.S. utility holding company PPL Corporation (NYSE:PPL) and Chinese dairy products holding company China Mengniu Dairy. All had either not responded adequately to corporate engagement or had breached LGIM's "red lines" around involvement in...

15 June

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Belgian agri-tech firm Biotalys plans listing in Brussels By Reuters

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BRUSSELS (Reuters) - Belgian agri-tech company Biotalys announced on Tuesday plans to list on Euronext Brussels in the coming weeks, hoping to entice investors with its biological alternatives to chemical pesticides. The company, founded in 2013, is a spin-off from the Flanders Institute for Biotechnology and the agricultural counterpart to Belgian biopharmaceutical firm Ablynx, which Sanofi (PA:SASY) bought in 2018 for 3.9 billion euros ($4.7 billion). Both use llama antibodies, which are smaller and easier to manipulate than human equivalents. Biotalys extracts proteins for use against fungi, bacteria and insects that attack crops, especially high-value fruit...

15 June

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ContextLogic Spikes on Ecommerce Platform Partnership By Investing.com

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By Christiana Sciaudone Investing.com -- Meme stock Contextlogic Inc (NASDAQ:WISH) rose 17% after announcing a partnership with PrestaShop. The ecommerce platform known as Wish, which is akin to an online dollar store, is hooking up with the freemium open source ecommerce platform as part of a two-year deal. More than 300,000 merchants and brands on the PrestaShop platform will be able to sell to millions of consumers on the Wish marketplace. Shares are down more than 50% since the company went public in December. It has been a target of short-sellers, which has attracted retail investors making...

15 June

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Dollar hovers near one-month high with market frozen before Fed test By Reuters

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By Kevin Buckland TOKYO (Reuters) - The dollar hovered below a one-month high compared with major peers on Tuesday ahead of a much-anticipated Federal Reserve meeting that could signal a change in the outlook for U.S. monetary policy. The U.S. currency has been buoyed as traders closed short positions before the Fed's two-day policy-setting confab, which kicks off on Tuesday. The dollar index, which measures the greenback against a basket of six currencies, was flat early in Asia at 90.517. It has pushed briefly above 90.60 in each of the last two sessions, and 90.63...

15 June

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Square Jumps on Deutsche Bank Confidence By Investing.com

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By Christiana Sciaudone Investing.com -- Square Inc (NYSE:SQ) rose almost 5% after Deutsche Bank (DE:DBKGn) reiterated its buy rating. The payment platform founded by Twitter Inc (NYSE:TWTR) creator Jack Dorsey should have continued momentum on the horizon, the firm said, according to CNBC. “SQ has morphed into a two-sided financial ecosystem that continues to expand total addressable market and beat expectations," Deutsche Bank wrote in a note. Although Square has more than doubled in the past 12 months, 2021 has proven to be a...

15 June

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UK study finds vaccines offer high protection against hospitalisation from Delta variant By Reuters

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LONDON (Reuters) - COVID-19 vaccines made by Pfizer (NYSE:PFE) and AstraZeneca (NASDAQ:AZN) offer high protection of more than 90% against hospitalisation from the Delta coronavirus variant, a new analysis by Public Health England (PHE) showed on Monday. Prime Minister Boris Johnson is expected to announce a delay to the lifting of COVID-19 restrictions in England due to the spread of the highly transmissible Delta variant of concern, first identified in India, which is also associated with a higher risk of hospitalisation among the unvaccinated. PHE said that the Pfizer/Biontech COVID-19 vaccine was 96% effective...

15 June

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Canada shares lower at close of trade; S&P/TSX Composite down 0.08% By Investing.com

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Investing.com – Canada equities were lower at the close on Monday, as losses in the Healthcare, Consumer Discretionary and Materials sectors propelled shares lower. At the close in Toronto, the S&P/TSX Composite declined 0.08%. The biggest gainers of the session on the S&P/TSX Composite were Kinaxis Inc (TSX:KXS), which rose 7.00% or 9.92 points to trade at 151.56 at the close. Cascades Inc . (TSX:CAS) added 5.77% or 0.79 points to end at 14.48 and Lightspeed POS Inc (TSX:LSPD) was up 4.96% or 4.35 points to 92.09 in late trade. Biggest...

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U.S. Navy says carrier group operating in South China Sea By Reuters

China urges NATO to stop exaggerating ‘China threat theory’ By Reuters

What investors are watching from the Fed: taper talk and inflation By Reuters

Britain’s biggest investor drops AIG, others from some funds over climate By Reuters

Belgian agri-tech firm Biotalys plans listing in Brussels By Reuters

ContextLogic Spikes on Ecommerce Platform Partnership By Investing.com

Dollar hovers near one-month high with market frozen before Fed test By Reuters

Square Jumps on Deutsche Bank Confidence By Investing.com

UK study finds vaccines offer high protection against hospitalisation from Delta variant By Reuters

Canada shares lower at close of trade; S&P/TSX Composite down 0.08% By Investing.com

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