10 June

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UK and U.S. commit to settle civil aircraft dispute – joint statement By Reuters

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CARBIS BAY, England (Reuters) - Britain and the United States committed to settle a trade dispute over civil aircraft subsidies on Thursday in a joint statement issued by both countries following a meeting ahead of the G7 summit in England. "We commit to the rapid settlement of the Large Civil Aircraft dispute," said the statement, which was issued shortly after British Prime Minister Boris Johnson met U.S. President Joe Biden. "We will therefore work closely to identify and pursue opportunities to deepen our already extensive trade relationship." ...

10 June

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U.S. senator slams Apple, Amazon, Nike, for enabling forced labour in China By Reuters

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By Michael Martina WASHINGTON (Reuters) - A U.S. senator on Thursday slammed American companies, including Amazon.com Inc (NASDAQ:AMZN), Apple Inc (NASDAQ:AAPL) and Nike Inc (NYSE:NKE), for turning a blind eye to allegations of forced labour in China, arguing they were making American consumers complicit in Beijing's repressive policies. Speaking at a Senate Foreign Relations Committee hearing on China's crackdown on Uyghurs and other Muslim minorities in its western Xinjiang region, Republican Senator Marco Rubio said many U.S. companies had not woken up to the fact that they were "profiting" from the Chinese government's...

10 June

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China’s ride-hailing firm Didi files for U.S. IPO By Reuters

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(Reuters) - China's top ride-hailing firm Didi Chuxing has filed for an initial public offering in the United States, a regulatory filing showed. The firm, backed by Asian technology investment giants SoftBank Corp, Alibaba (NYSE:BABA) Group Holding Ltd and Tencent Holdings Ltd (HK:0700), was looking to list as soon as July, Reuters reported in April. ...

10 June

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BlackRock outlines investment push into private markets By Reuters

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By Kate Duguid NEW YORK (Reuters) - BlackRock Inc (NYSE:BLK), the world's largest asset manager, is pushing more aggressively into private market investments, the firm detailed at an investor presentation on Thursday. Since interest rates were slashed to near-zero across the globe at the start of the coronavirus pandemic, investors have sought out other sources of yield. BlackRock, in its investor day presentation on Thursday, said alternative investments - including private equity, real estate, hedge funds and venture capital - can offer a market-beating edge. Private market investments recorded 18% revenue growth for the company...

10 June

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France and its partners work on financing mechanism for Lebanon – Macron By Reuters

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PARIS (Reuters) - French President Emmanuel Macron said on Thursday he was working with international partners to create a financial mechanism to ensure important public services can continue to work in Lebanon despite its deep political and economic crisis. Lebanon is struggling to find enough foreign currency to pay for fuel and other basic imports, its finances crushed by a mountain of debt that has piled up since the country's 1975-1990 civil war. Macron, who has led international aid efforts to France's former colony, has been trying to increase pressure on Lebanon's squabbling politicians to break...

10 June

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Analysis: Hotter inflation fails to shake U.S. markets out of torpor, with Fed in driver’s seat By Reuters

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By Karen Pierog CHICAGO (Reuters) - Investors are not freaking out over a spike in U.S. inflation in the past two months, showing confidence that the Federal Reserve is deftly handling a rebound in economic growth even as it leaves markets guessing about how it defines "transitory" when it talks about price increases. In fact, Wall Street's benchmark index inched to a record high after days of sideways trading, and U.S. Treasury yields eased after Thursday's Labor Department report showed the consumer price index (CPI) in May had its biggest year-on-year jump in 13 years....

10 June

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S&P 500 Shrugs off Inflation Spike as ‘Don’t Fight the Fed’ Idea Returns By Investing.com

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By Yasin Ebrahim Investing.com – The S&P 500 remained near all-time highs Thursday, after a hot inflation report failed to coax the bond bears out of hiding as yields fell, suggesting that the idea of "don't fight the Fed" is gaining popularity once again. The S&P 500 rose 0.49% to remain close to its earlier intraday record high of 4,249.97. The Dow Jones Industrial Average was up 0.22%, or 76 points, and the Nasdaq Composite was up 0.72%. The Labor Department said on Thursday its consumer price index rose 0.6% last month after edging up...

10 June

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Amazon to ask staff to return to office for three days a week By Reuters

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(Reuters) - Amazon.com Inc (NASDAQ:AMZN) said on Thursday some corporate employees will be offered the option to return to office for three days a week and work remotely for the other two days. Employees in frontline roles such as hardware engineers will continue to work onsite, Amazon said. Amazon will also give employees the choice to work up to four weeks per year fully remote from a domestic location. Apple Inc (NASDAQ:AAPL) and Google (NASDAQ:GOOGL) have made similar announcements of moving to a hybrid work week this year. ...

10 June

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Canada shares higher at close of trade; S&P/TSX Composite up 0.30% By Investing.com

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Investing.com – Canada equities were higher at the close on Thursday, as gains in the Materials, Consumer Staples and Utilities sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite added 0.30%. The biggest gainers of the session on the S&P/TSX Composite were Transcontinental Inc (TSX:TCLa), which rose 7.23% or 1.75 points to trade at 25.94 at the close. Denison Mines Corp (TSX:DML) added 6.29% or 0.10 points to end at 1.69 and Kinaxis Inc (TSX:KXS) was up 5.52% or 7.49 points to 143.18 in late trade. Biggest...

10 June

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Hotter Inflation Does Little to Dent Appetite for Treasuries By Bloomberg

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(Bloomberg) -- The rally in Treasuries took a brief breather Thursday as data showed U.S. consumer prices rose last month more than predicted, but 10-year yields soon slipped back toward their recent lows amid signs that traders are continuing to unwind short positions. The rate rose as much as 4 basis points to about 1.53% after the release, continuing a reversal that began earlier in the day, before retreating again to around 1.49%. The yield had fallen for the previous two days without any major catalysts, suggesting a potential position shift in the market’s large short...

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UK and U.S. commit to settle civil aircraft dispute – joint statement By Reuters

U.S. senator slams Apple, Amazon, Nike, for enabling forced labour in China By Reuters

China’s ride-hailing firm Didi files for U.S. IPO By Reuters

BlackRock outlines investment push into private markets By Reuters

France and its partners work on financing mechanism for Lebanon – Macron By Reuters

Analysis: Hotter inflation fails to shake U.S. markets out of torpor, with Fed in driver’s seat By Reuters

S&P 500 Shrugs off Inflation Spike as ‘Don’t Fight the Fed’ Idea Returns By Investing.com

Amazon to ask staff to return to office for three days a week By Reuters

Canada shares higher at close of trade; S&P/TSX Composite up 0.30% By Investing.com

Hotter Inflation Does Little to Dent Appetite for Treasuries By Bloomberg

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