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July 17, 2021

Major News

Wall Street Week Ahead: Fed shift causes rally in value stocks to wobble

Reuters
NEW YORK (Reuters) – The Federal Reserve’s hawkish shift is forcing investors to reevaluate the rally in so-called value stocks, which have taken a hit in recent days after ripping higher for most of the year. FILE PHOTO: A Wall Street sign outside the New York Stock Exchange in the......

REFILE-Foxconn founder asks Taiwan to allow vaccine talks with Chinese firm

Reuters
(Corrects to delete extraneous word ‘agency’ in paragraph 6) TAIPEI, June 18 (Reuters) – Terry Gou, the billionaire founder of Taiwan’s Foxconn, asked for government permission on Friday to negotiate with a Chinese company for the purchase of BioNTech SE COVID-19 vaccines to help address the island’s shortage of shots.......

EXCLUSIVE-Biden’s electric vehicle plan includes battery recycling push

Reuters
By Trevor Hunnicutt, Ernest Scheyder June 4 (Reuters) – President Joe Biden’s strategy to make the United States a powerhouse in electric vehicles will include boosting domestic recycling of batteries to reuse lithium and other metals, according to government officials. As Biden makes fighting climate change and competing with China......

India’s tally of coronavirus infections crosses 25 million

Reuters
BENGALURU, May 18 (Reuters) – India’s total coronavirus cases surged past the 25 million mark on Tuesday, boosted by 263,533 new infections over the last 24 hours, while deaths from COVID-19 rose by a record 4,329. India becomes the world’s second nation, after the United States, to pass the grim......

CORRECTED-India adds 311,170 daily coronavirus infections to nearly 24.7 mln

Reuters
(Corrects tally in headline, paragraph 1) BENGALURU, May 16 (Reuters) – India’s tally of coronavirus infections reached nearly 24.7 million on Sunday, boosted by 311,170 new cases over the last 24 hours, while deaths rose by 4,077. The South Asian nation’s tally stands at 24.68 million with the death toll......

India posts record daily rise in coronavirus deaths

Reuters
May 5 (Reuters) – India’s coronavirus deaths rose by a record 3,780 during the last 24 hours, a day after the country became the world’s second, after the United States, to cross the grim milestone of 20 million infections. Daily infections rose by 382,315 on Wednesday, health ministry data showed.......

Bank of Israel keeps benchmark interest rate at 0.1%

Reuters
JERUSALEM, April 19 (Reuters) – The Bank of Israel held its benchmark interest rate at 0.1% for an eighth straight meeting on Monday amid optimism over an economic recovery due to a rapid COVID-19 vaccine rollout and inflation turning positive. All 16 economists polled by Reuters had said they expected......

India reports another record daily rise in coronavirus infections

Reuters
FILE PHOTO: Patients suffering from the coronavirus disease (COVID-19) get treatment at the casualty ward in Lok Nayak Jai Prakash (LNJP) hospital, amidst the spread of the disease in New Delhi, India April 15, 2021. REUTERS/Danish Siddiqui/File Photo NEW DELHI (Reuters) – India reported a record daily increase of 261,500......

China’s new home prices quicken in March

Reuters
BEIJING, April 16 (Reuters) – New home prices in China rose at a faster pace in March, data showed on Friday, even as authorities have taken measures to further clamp down on property speculation. Average new home prices in 70 major cities grew 0.5% in March from a month earlier,......

Economy far from central bank’s goals but outlook brightening, Fed’s Mester says

Reuters
FILE PHOTO: Cleveland Federal Reserve Bank President Loretta Mester speaks in London, Britain, July 2, 2019. REUTERS/Marc Jones/File Photo (Reuters) -The U.S. economy still has a long way to go to fully recover from the crisis caused by the coronavirus pandemic, which hit minorities and people with lower levels of......

U.S. House committee approves blueprint for Big Tech crackdown

Reuters
WASHINGTON (Reuters) – The U.S. House of Representatives Judiciary Committee has formally approved a report accusing Big Tech companies of buying or crushing smaller firms, Representative David Cicilline’s office said in a statement Thursday. FILE PHOTO: The logos of Amazon, Apple, Facebook and Google in a combination photo/File Photo With......

Virus variants inciting India’s second surge, epidemiologists say

Reuters
By Neha Arora, Shilpa Jamkhandikar NEW DELHI (Reuters) – The second surge of COVID-19 cases in India has swamped hospitals much faster than the first because mutations in the virus mean each patient is infecting many more people than before, epidemiologists and doctors say. A patient lies in a bed......

Bank of America profit more than doubles on reserve release boost

Reuters
FILE PHOTO: A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri/File Photo (Reuters) – Bank of America Corp reported a jump in first-quarter profit that breezed past estimates on Thursday as it released reserves it had......

Asian shares defensive, dollar struggles near one-month lows

Reuters
SYDNEY (Reuters) – Asian shares were on the backfoot on Thursday following mixed cues from Wall Street where a sharp sell-off in the largest bitcoin exchange Coinbase hit tech shares while the dollar index struggled near one-month lows. FILE PHOTO: Pedestrians and a traffic light stop sign are reflected on......

BOJ’s Kuroda warns of lingering COVID pain on economy

Reuters
FILE PHOTO: Bank of Japan Governor Haruhiko Kuroda speaks at a news conference in Tokyo, Japan, January 21, 2020. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Japan’s economy was picking up but any recovery was likely to be modest due to lingering caution over the coronavirus pandemic, Bank of Japan Governor Haruhiko......

U.S. withdrawal from Afghanistan to begin May 1- Biden

Reuters
U.S. President Joe Biden delivers remarks on his plan to withdraw American troops from Afghanistan, at the White House, Washington, U.S., April 14, 2021. Andrew Harnik/Pool via REUTERS WASHINGTON (Reuters) – U.S. President Joe Biden said on Wednesday that the United States would begin its final military withdrawal from Afghanistan......

Goldman Sachs profit soars on global deals frenzy, trading boom

Reuters
(Reuters) – Goldman Sachs Group Inc surged past Wall Street expectations for first-quarter profit on Wednesday, as the U.S. investment banking giant capitalized on record levels of global dealmaking and a coronavirus-driven boom in equity trading. An unprecedented boom in private firms merging with listed shell companies to go public......

South Korea aims to fight Japan’s Fukushima decision at world tribunal

Reuters
SEOUL (Reuters) – South Korea’s president ordered officials on Wednesday to explore petitioning an international court over Japan’s decision to release contaminated water from its wrecked Fukushima nuclear plant into the sea, amid protests by fisheries and environmental groups. FILE PHOTO: South Korean President Moon Jae-in speaks at the National......

U.S. senators to receive classified briefing on Afghanistan: Schumer

Reuters
FILE PHOTO: Senate Majority Leader Chuck Schumer (D-NY) speaks during a news conference after the first Democratic luncheon meeting since COVID-19 restrictions went into effect on Capitol Hill in Washington, U.S. April 13, 2021. REUTERS/Erin Scott WASHINGTON (Reuters) – U.S. senators will receive a classified briefing on President Joe Biden’s......

S.Korea aims to fight Japan’s Fukushima decision at world tribunal

Reuters
SEOUL (Reuters) -South Korean President Moon Jae-in ordered officials on Wednesday to explore petitioning an international court over Japan’s decision to release water from its Fukushima nuclear plant, his spokesman said, amid protests by fisheries and environmental groups. FILE PHOTO: South Korean President Moon Jae-in speaks at the National Assembly......

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