03 June

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Dogecoin jumps on news of launch on Coinbase Pro By Reuters

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By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) - Dogecoin, a meme-based cryptocurrency popular among retail investors, surged on Wednesday, benefiting from news that digital asset exchange Coinbase will make the crypto unit available to its users on its trading platform. Coinbase said on Tuesday it will immediately accept inbound transfers of dogecoin Coinbase Pro, a trading venue for professional traders. Dogecoin rose 31% on Wednesday to $0.41 in the wake of the Coinbase news. That pushed the cryptocurrency's market capitalization to $54 billion, making it the sixth-largest token, according to data and market tracker CoinGecko.com. Edward Moya,...

02 June

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ECB’s Weidmann drops opposition to making bond purchases greener By Reuters

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FRANKFURT (Reuters) - European Central Bank policymaker Jens Weidmann opened the door on Wednesday to buying fewer bonds from polluting companies under the ECB's stimulus programmes, dropping his opposition to taking such an active role in the fight against climate change. With Weidmann softening his stance, the ECB now looked more likely to adopt some form of green tilt in its multi-billion bond-buying schemes, as advocated by President Christine Lagarde. The issue is being debated by the ECB's board and governors of the 19 national central banks as part of a strategic review due to...

02 June

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ECB to help euro zone ‘well into’ recovery, Lagarde says By Reuters

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FRANKFURT (Reuters) - The European Central Bank will support the euro zone "well into" its recovery from a pandemic-induced double dip recession, ECB chief Christine Lagarde said on Wednesday, just eight days before a crucial policy meeting. "Strong policy support will continue to provide a bridge over the pandemic and well into the economic recovery," Lagarde said in a speech. "The ECB is committed to preserving favourable financing conditions throughout this period." The ECB must decide on the pace of bond purchases at its June 10 policy meeting and hints from policymakers suggest there...

02 June

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Recovery Picks Up Pace, but No End in Sight for Inflation: Fed’s Beige Book By Investing.com

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By Yasin Ebrahim Investing.com – The economic recovery continued to pick up pace, but the dearth of skilled labor and rising input prices are expected to continue in the months ahead, according to the Fed's Beige Book released Wednesday. The central bank’s Beige Book economic report, based on anecdotal information collected by the Fed’s 12 reserve banks through May. 25, showed that while the economy continued its recovery, inflation and labor supply shortages have not ebbed. "The national economy expanded at a moderate pace from early April to late May, a somewhat faster rate than the...

02 June

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At F8, Facebook rolls out business messaging changes in e-commerce push By Reuters

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By Elizabeth Culliford (Reuters) - Facebook Inc (NASDAQ:FB) is opening up ways for businesses to interact with customers on Instagram and WhatsApp, it said on Wednesday at its virtual developers conference 'F8 Refresh.' The world's largest social network said it was rolling out tools so developers could build ways for businesses to message customers on Facebook-owned Instagram. Facebook said 90% of Instagram users follow at least one business. Facebook said its messaging app WhatsApp would support more types of messages, like letting businesses send alerts when an item is back in stock. It...

02 June

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Germany-Russia airline service briefly suspended in tit-for-tat moves By Reuters

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BERLIN (Reuters) - Flights between Russia and Germany were briefly suspended on Tuesday after Russia declined to renew Lufthansa's permit to fly to Moscow on time, prompting a tit-for-tat response from Berlin. Frankfurt Airport's website showed two flights, one operated by Lufthansa and one by Russia's Aeroflot, had been cancelled on Wednesday, though an evening Lufthansa flight to Moscow was listed as having departed. "Russian authorities have issued permission for passenger flights to Russia in June," Lufthansa said in a statement. "Scheduled Lufthansa flights to Moscow and St. Petersburg can therefore proceed." The dispute followed European...

02 June

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Canada shares lower at close of trade; S&P/TSX Composite down 0.02% By Investing.com

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Investing.com – Canada equities were lower at the close on Wednesday, as losses in the Consumer Discretionary, Clean Technology and Materials sectors propelled shares lower. At the close in Toronto, the S&P/TSX Composite fell 0.02%. The biggest gainers of the session on the S&P/TSX Composite were BlackBerry Ltd (TSX:BB), which rose 32.61% or 4.54 points to trade at 18.46 at the close. Tilray Inc (TSX:TLRY) added 10.09% or 2.07 points to end at 22.58 and Village Farms International Inc (TSX:VFF) was up 9.91% or 1.14 points to 12.64 in late trade. Biggest losers included...

02 June

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Brazil expects 5G auction next month- minister By Reuters

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By Lisandra Paraguassu BRASILIA (Reuters) - Brazil's communications Minister Fabio Faria said on Wednesday the government expects the spectrum auction for 5G networks to happen next month. The minister does not expect the analysis of the auction rules by Brazil's audit court TCU to delay the auction, saying the government has responded to all the court's questions. Faria said he expects all state capitals in the country to have 5G Stand Alone working by July next year. Telecom operators will have to comply with all the requirements of the auction by 2028. The auction mandates...

02 June

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BlackRock CEO Larry Fink Sees Potential for ‘Big Shock’ From Inflation By Bloomberg

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(Bloomberg) -- BlackRock Inc (NYSE:BLK). Chief Executive Officer Larry Fink said that investors may be underestimating the potential for a spike in inflation. “Most people haven’t had a forty-plus year career, and they’ve only seen declining inflation over the last 30-plus years,” Fink said at a virtual event hosted by Deutsche Bank AG (NYSE:DB) on Wednesday. “So this is going to be a pretty big shock.” Concern about higher inflation has already seeped into U.S. markets with the cost of goods including lumber and steel rising this year. Fink began his career at First Boston Corp....

02 June

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U.S. sets and suspends tariffs on six countries over digital taxes By Reuters

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By David Lawder WASHINGTON (Reuters) - The United States on Wednesday announced 25% tariffs on over $2 billion worth of imports from six countries over their digital services taxes, but immediately suspended the duties to allow time for international tax negotiations to continue. The U.S. Trade Representative's (USTR) office said it had approved the threatened tariffs on goods from Britain, Italy, Spain, Turkey, India and Austria after a "Section 301" investigation concluded that their digital taxes discriminated against U.S. companies. USTR published lists of imports from the six countries that would face tariffs if international...

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Dogecoin jumps on news of launch on Coinbase Pro By Reuters

ECB’s Weidmann drops opposition to making bond purchases greener By Reuters

ECB to help euro zone ‘well into’ recovery, Lagarde says By Reuters

Recovery Picks Up Pace, but No End in Sight for Inflation: Fed’s Beige Book By Investing.com

At F8, Facebook rolls out business messaging changes in e-commerce push By Reuters

Germany-Russia airline service briefly suspended in tit-for-tat moves By Reuters

Canada shares lower at close of trade; S&P/TSX Composite down 0.02% By Investing.com

Brazil expects 5G auction next month- minister By Reuters

BlackRock CEO Larry Fink Sees Potential for ‘Big Shock’ From Inflation By Bloomberg

U.S. sets and suspends tariffs on six countries over digital taxes By Reuters

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