14 June

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Explainer – What’s at stake for markets as debt ceiling looms By Reuters

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By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - The U.S. debt ceiling comes into effect at the end of July, putting pressure on the Treasury to reduce its cash balance ahead of the deadline. That means more injections of cash into a financial system already awash with liquidity, a scenario that could further sink short-term rates and cause undue distortion in the overnight repurchase market. WHAT IS THE DEBT CEILING? The debt ceiling is the maximum amount the U.S. government can borrow, as directed by Congress, to meet its financial obligations. When the ceiling is reached, the...

14 June

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World stocks near record high as investors await dovish Fed act By Reuters

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By Hideyuki Sano TOKYO (Reuters) - Global shares held firm near record highs on Monday (NASDAQ:MNDY) while U.S. bond yields flirted with three-month lows as investors expect the Federal Reserve to stick to its dovish mantra later this week. Japan's Nikkei rose 0.35% while MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1%. Activity was limited with the region's largest markets - China, Hong Kong and Australia - closed for a holiday. Globally, equity markets were basking in the prospects of a broadening economic recovery from the coronavirus pandemic and anticipation of...

14 June

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Mall owner Washington Prime files for chapter 11 bankruptcy protection By Reuters

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(Reuters) - Mall owner Washington Prime Group filed for chapter 11 bankruptcy protection on Sunday after the COVID-19 pandemic forced it to temporarily close some of its roughly 100 shopping centers across the United States and businesses were unable to pay it rent. The company's estimated assets ranged from $1 billion to $10 billion as did its estimated liabilities, according to a filing made in the United States Bankruptcy Court for the Southern (NYSE:SO) District of Texas. Reuters earlier reported that the Columbus, Ohio-based company, formed in 2014 following a spin-off from mall giant Simon Property...

14 June

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Germany, Australia sign hydrogen accord to boost lower-emissions technology By Reuters

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FRANKFURT/SYDNEY (Reuters) - Germany and Australia on Sunday signed a bilateral alliance on hydrogen production and trade to try to facilitate a renewable energy-based hydrogen supply chain between the two countries. Economy Minister Peter Altmaier and Education and Research Minister Anja Karliczek signed a letter of intent to set up a "Germany Australia Hydrogen Accord" with Australian Energy and Emissions Reduction Minister Angus Taylor, the German Economy Ministry said in a statement. It said the cooperation was about enabling "the import of sustainably produced hydrogen in relevant volumes, which is an important factor to reach our...

14 June

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NATO welcomes Biden in ‘pivotal’ post-Trump summit By Reuters

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By Robin Emmott BRUSSELS (Reuters) - NATO leaders hope to open a new chapter in transatlantic relations at a summit with U.S. President Joe Biden on Monday (NASDAQ:MNDY), agreeing to focus on tackling climate change for the first time as well as facing up China's military rise. Described as a "pivotal moment" by NATO Secretary-General Jens Stoltenberg, the summit aims to turn the page on four tense years with Biden's predecessor Donald Trump, who shook confidence in the Western alliance by calling it "obsolete". For the 30 allies meeting in Brussels, diplomats say...

14 June

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Bitcoin rises 9.8 percent to $39,035 By Reuters

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(Reuters) - Bitcoin surged 9.83 % to $39,035.47 at 22:05 GMT on Sunday, adding $3,492.71 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 40.7% from the year's low of $27,734 on January 4. Ether, the coin linked to the ethereum blockchain network, surged 7 % to $2,532.77 on Sunday, adding $165.77 to its previous close. ...

14 June

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Spotlight on Xbox Game Pass as Microsoft showcases upcoming games By Reuters

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By Supantha Mukherjee STOCKHOLM (Reuters) - Microsoft (NASDAQ:MSFT) on Sunday showcased 30 upcoming games and said most of those titles will be available on its monthly subscription service, Xbox Game Pass. The company said it would launch https://www.youtube.com/watch?v=1YnVzOA2wNs&ab_channel=Xbox new games on Game Pass every month through the end of the year, including titles such as PC strategy series "Age of Empires IV" and racing game "Forza Horizon 5." One of Microsoft's big-ticket games, "Halo Infinite," is now set for a holiday launch this year after being delayed due to the challenge of developers being stuck at home...

13 June

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EMA official says AstraZeneca shots have good risk-benefit profile for over 60s By Reuters

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MILAN (Reuters) - The head of the EU drug regulator's COVID-19 task force said on Sunday that AstraZeneca (NASDAQ:AZN)'s coronavirus vaccine had a favourable risk-benefit profile for all age groups and particularly for those aged over 60. Italian newspaper La Stampa earlier quoted European Medicines Agency (EMA) task force chief Marco Cavaleri as saying countries should avoid giving the vaccine to people aged over 60 in addition to younger age groups, amid fears over fears over very rare blood clotting and as alternative vaccines become available. "Unfortunately my words have not been interpreted correctly in...

13 June

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Musk says Tesla will accept bitcoins when miners use more clean energy By Reuters

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(Reuters) -Tesla Inc Chief Executive Officer Elon Musk tweeted on Sunday that the electric carmarker will resume allowing bitcoin transactions when miners who verify transactions use more renewable energy. "When there's confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions," he said in a tweet. Bitcoin rose 5.1% to $37,360.63 at 1810 GMT (2:10 p.m. ET) on Sunday, adding $1,817.87 to its previous close, after Musk's tweet. Musk also said that Tesla sold about 10% of holdings to confirm bitcoin could be liquidated easily...

13 June

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Macron says we love sausage but let’s not waste time on this By Reuters

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CARBIS BAY, France (Reuters) - President Emmanuel Macron on Sunday said that France respects Britain's sovereignty but it is time to end rows over sausages and focus on more serious issues. Tensions between Britain and the European Union over their Brexit deal exploded into an open war of words on Sunday, with both sides accusing the other of sowing disharmony at the Group of Seven summit. "My wish is that we succeed collectively in putting into action what we signed several months ago," Macron told a news conference at the G7 leaders' summit. "Let's not waste...

Меню

Explainer – What’s at stake for markets as debt ceiling looms By Reuters

World stocks near record high as investors await dovish Fed act By Reuters

Mall owner Washington Prime files for chapter 11 bankruptcy protection By Reuters

Germany, Australia sign hydrogen accord to boost lower-emissions technology By Reuters

NATO welcomes Biden in ‘pivotal’ post-Trump summit By Reuters

Bitcoin rises 9.8 percent to $39,035 By Reuters

Spotlight on Xbox Game Pass as Microsoft showcases upcoming games By Reuters

EMA official says AstraZeneca shots have good risk-benefit profile for over 60s By Reuters

Musk says Tesla will accept bitcoins when miners use more clean energy By Reuters

Macron says we love sausage but let’s not waste time on this By Reuters

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