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Whether the surge will be temporary or inflation is here to stay is still unknown. If higher inflation remains it could sink stocks, which now have historically high valuations. Jeffrey Gundlach, the billionaire investor known in the financial community as the "bond king," made a simple prediction about inflation on Tuesday. I'm guessing 'up,'" Gundlach said in a tweet, referencing the consumer price index, a popular measure for inflation. "Absorbing those bonds if inflation stays high is going to be a really big problem," Gundlach said.
Persons: Jeffrey Gundlach, Gundlach, it's, Mohamed El, Erian, Gargi Chaudhuri, Goldman Sachs, Ryan Detrick Organizations: Bloomberg, Federal Reserve, Yahoo Finance, Reserve, CNBC, LPL, Fed Locations: Americas
Credit Suisse has hired HSBC's Truls Engebretsen as a senior credit trader. Engebretsen, previously US head of investment grade credit, rejoins Credit Suisse after nearly 10 years away, according to FINRA records seen by Insider. Engebretsen, previously US head of investment grade credit, rejoins Credit Suisse after nearly 10 years away, according to FINRA records seen by Insider. Christopher Dawe , previously co-head of private investments at Goldman Sachs, will lead Private Capital's technology and consumer growth equity business. Meg McClellan will lead private debt.
Persons: Alice Milligan, Morgan Stanley, Andy Saperstein, Milligan, Audrey Choi, Choi, Chad Turner, Mike Curcio, HSBC's Truls, Christopher Bathon, Mike Malloy, Marshall Peters, HSBC's, Cowen, Jenny Killeen, Michael S, Raymond James, Ryan Kaeding, Kaeding, Piper Sandler, Katherine Fogertey, Fogertey, Goldman Sachs, Deborah Bussière, Christopher Dawe, Osei Van Horne, Van Horne, Brian Carlin, Rick Smith, Meg McClellan, Anton Pil, Ben Darsney, Justin Smolkin, Jeff Bunzel, Darsney, Smolkin, Michael Lattarulo, Meredith Mazzilli, Rebecca Ungarino, Carter Johnson, Reed Alexander, Alex Morrell Organizations: intel, Trade, Credit Suisse, HSBC, MSD, Broadridge Financial, JPMorgan, Wells Fargo, JPMorgan Private Capital, Goldman, Wells, Private, Deutsche Bank Locations: Americas
Why the Mexico City Metro Collapsed
  + stars: | 2021-06-12 | by ( Natalie Kitroeff | Maria Abi-Habib | James Glanz | ) www.nytimes.com + 0.00   time to read: +26 min
Why the Mexico City Metro Collapsed A Times investigation shows the serious construction flaws and political pressure behind a tragedy that threatens two of Mexico’s most prominent figures. Whatever the official investigations determine, the crash could carry immense consequences, not just for Mr. Ebrard and Mr. But some have refused the money and are suing the Mexico City metro system instead. The city cut the budget for the metro line almost immediately. “Today we have the honor of giving this public work to the people of Mexico City,” Mr. Ebrard said at the ceremony.
Persons: Tania Lezama Salgado, Nancy, Tania, jerking, Nancy —, Andrés Manuel López Obrador, , Marcelo Ebrard, Carlos Slim, Ebrard, Gary J, Klein, López Obrador, Alejandro Cegarra, Joel Ortega, , Moisés Poblanno, “ Marcelo, Slim, “ I’m, ” Antonio Gómez García, , Mr, Ortega, Jorge Gaviño, ” Mr, Janney, Donald O, Gómez García, Claudia Sheinbaum, Meghan Dhaliwal, Sheinbaum, López, wasn’t, Bernarda Salgado López, Ms, Salgado, Humberto Lezama, Carso, Ebrard’s, Enrique Horcasitas, Construction, Mario Alberto Ruiz, Francisco Bojorquez, Marcos Tapia Manjarrez, Ruiz Organizations: Mexico City Metro, Times, New York Times, Carso, Mexico City, Workers, The New York Times, Mr, The Times, National Academy of Engineering, Wiss, Elstner, Associated, The New York Times Company, Mexico City’s, Construction, ICA, Alstom, CAF, Bombardier, “ Bombardier, Legislative, Tren Locations: Mexico City, Leer, español, Mexico, Americas, Latin America, , Nancy, France, Spanish, Canada
“Stateless" follows Rosa Iris Diendomi, a young Dominican attorney and immigration advocate of Haitian descent, as she struggles to run for Congress in the Dominican Republic. Though the government, amid international pressure, took measures in 2014 to allow children born in the Dominican Republic and certain others to apply for citizenship, thousands have been deported from the Dominican Republic, including many with valid claims to Dominican citizenship. On camera, Stephenson connects the racial tensions from the island’s past with the current racial politics of the Dominican Republic. It describes the 1937 Perejil Massacre that executed thousands of Haitians and Dominicans of Haitian decent living in the Dominican Republic. “The number of stateless individuals in the Dominican Republic is zero,” he said.
Persons: Michèle Stephenson, Stephenson, Rosa Iris Diendomi, , ” Diendomi, Diendomi, Moraime, , Trujillo, Sténio Vincent, , Danilo Medina, Americas —, “ It’s, Napoleon’s, ” It’s, It’s Organizations: Tribeca, NBC News, Dominican Supreme, Associated, The New York Times, Dominican State Department, Dominican, Thomas Aquinas University, Santo, Harvard University, Blacks, el gran libertador, NBC, Facebook, Twitter Locations: Dominican Republic, Haiti, Canada, Argentina, Americas, Panamanian, Haitian, Dominican, Hispaniola, , U.S, Blacks, Santo Domingo, Jamestown, Latin America, United States, el gran, Spanish
From left, Italian Prime Minister Giuseppe Conte, Japanese Prime Minister Shinzo Abe, President Donald Trump, French President Emmanuel Macron, German Chancellor Angela Merkel, Canadian Prime Minister Justin Trudeau and British Prime Minister Boris Johnson at a work session during the G-7 summit in Biarritz, France, in August 2019. But the G-7 is where decisions that will shape U.S. international relations and the world will or won't be made. President Joe Biden disembarks from Air Force One after landing at Joint Base Andrews, Md., last month. Joe Biden, then the vice president, met with Vladimir Putin, then the Russian prime minister, in Moscow in March 2011. Covid-19 looms large"I think it's no exaggeration to say that Friday's G-7 is a life-and-death matter," former British Prime Minister Gordon Brown said this week at an event hosted by Chatham House.
Persons: Joe Biden's, Biden, Trump, Fabrice Pothier, Giuseppe Conte, Shinzo Abe, Donald Trump, Emmanuel Macron, Angela Merkel, Justin Trudeau, Boris Johnson, Ian Langsdon, Vladimir Putin, Putin, , Xi Jinping, Jake Sullivan, Joe Biden disembarks, Evelyn Hockstein, Donald Trump wasn't, Leslie Vinjamuri, Pew, Joe Biden, Alexander Natruskin, Pothier, Gordon Brown, Brown Organizations: NATO, Canadian, British, Sunday, NBC, Air Force, Base, Chatham House, Pew Research Center, U.S, European Union, Trump, Reuters, International Institute for Strategic Studies Locations: Beijing, Italian, Japanese, German, Biarritz, France, Carbis Bay, England, Brussels, Geneva, Canada, Germany, Italy, Japan, Russia, Crimea, India, Australia, South Korea, South Africa, China, Md, Americas, London, United States, Europe, Washington, Xinjiang, Russian, Moscow
El Salvador President Nayib Bukele speaks during a news conference in San Salvador, El Salvador, June 6, 2021. Far from the media spotlight and with few resources, he publicized his work on social media. In San Salvador, he gained prominence for his social and cultural focus and for donating his salary to scholarships. DECISIVEBukele joined forces with the right-wing Gran Alianza por la Unidad Nacional (GANA) in his campaign for the presidency, which was driven by social media. "He uses the press and social media to threaten, intimidate and persecute people who could be adversaries," said Jose Miguel Vivanco, Americas director for Human Rights Watch.
Persons: Nayib Bukele, Jose Cabezas, Bukele, bitcoin, Biden, Marti, Jose Miguel Vivanco, Salvadorans, Eduardo Samayoa Organizations: El Salvador, REUTERS, El, Monetary Fund, Twitter, Salvadoran, Liberation Front, Gran Alianza por la Unidad Nacional, Spanish, El Pais, Human Rights Watch, Thomson Locations: San Salvador , El Salvador, American, El Salvador, Nuevo Cuscatlan, San Salvador ., San Salvador, Americas
Bankers, traders, and other employees are departing Credit Suisse in droves in recent months. The leadership shakeup also saw the departures of , head of equities sales and trading; , head of prime services risk; , head of credit risk; , head of counterparty credit risk management for IB; and , head of counterparty hedge fund risk. HSBC made a group of trader hires, including a lift-out of four Credit Suisse corporate bond traders, Insider reported June 8. made a group of trader hires, including a lift-out of four Credit Suisse corporate bond traders, Insider reported June 8. HSBC also hired Credit Suisse VP Chris Staudt for its emerging-markets credit desk, Insider reported June 8.
Persons: Bill Hwang, Brian Chin, Laura Werner, John Dabbs, Ryan Nelson, Thomas Gottstein, Chin, Gottstein, there's, shakeup, Paul Galietto, Parshu Shah, Ryan Atkinson, Ilana Ash, Manish Mehta, Marla Moskowitz, Hesse, Wells, Wells Fargo, Jose Olympio Pereira, Falguni Desai, efinancialcareers, Michael Lattarulo, Christopher Bathon, Christopher Schuville, Mike Malloy, Marshall Peters, Bathon, Malloy, Peters, Chris Staudt, Houlihan Lokey, Sameer Shamsi, Shamsi, Christoph Schumacher Organizations: Credit Suisse, Jefferies, JPMorgan, Citigroup, Bank of America . Credit Suisse, UBS, York Capital, Greensill, Bloomberg, Archegos Capital Management, Credit, Bank of America, Barclays, Suisse, IB, Wells Fargo, Wells, Credit Suisse Brazil, Microsoft, Investment, Wall Street, Deutsche Bank, HSBC, Credit Suisse Asset Management, Manulife Investment Management, Private Locations: Swiss, Americas
The Fed could be facing a jobs headache in its inflation fight
  + stars: | 2021-06-11 | by ( Jeff Cox | ) www.cnbc.com + 0.00   time to read: +7 min
Those higher salaries in turn will trigger higher prices and could lead to the kinds of longer-term inflationary above-normal pressures that the Fed is trying to avoid. "Whatever is happening here, the Fed needs large numbers of these people to return to the labor force in the fall." In their most recent forecast, Fed officials put core inflation at 2.2% for all of 2021; Shepherdson said the current numbers suggest something closer to 3.5%. While LaVorgna sees inflation as staying relatively under control, he thinks the Fed could face problems from deflationary pressures. The central bank doesn't like inflation that's too low, as it creates a low-expectation cycle that constricts monetary policy during downturns.
Persons: Mike Blake, Ian Shepherdson, Shepherdson, Coursera, David Wilkinson, Wilkinson, Joseph LaVorgna, LaVorgna, Michael Pearce, Leah Millis Organizations: KB, Reuters, U.S . Labor Department, Pantheon, Fed, CPI, NCR, NCR Retail, Americas, National Economic Council, Treasury, University of Michigan, Capital Economics, Federal Reserve Board Locations: Valley Center , California, Atlanta, Natixis, Washington , U.S
The court case, though, is likely to push back the company's development timeline and an adverse ruling could seriously imperil it. Mine opponents have asked a federal judge to rule by next month on whether Vancouver-based Lithium Americas may dig at the northern Nevada site. Lithium Americas this week agreed to pause digging through late July, according to filings. In a statement, Lithium Americas said it is "confident the BLM's extensive and approved environmental impact statement will withstand judicial scrutiny." Lithium Americas told the court that blocking the mine would harm national security and impede President Joe Biden's plan to wean the U.S. economy off fossil fuels.
Persons: Joe Biden, Leah Millis, Trump, Thacker, Donald Trump, Roger Flynn, Judge Miranda Du of, Du, Joe Biden's, Biden, Glenn Miller, Miller Organizations: Ford Rouge Electric Vehicle, REUTERS, Americas Corp, ioneer, Antofagasta Plc, Rio Tinto, U.S . Bureau of Land Management, Reuters, Resource Watch, University of Nevada, Thomson Locations: Dearborn , Michigan, U.S, Nevada, Antofagasta, Rio, United States, Vancouver, Reno, Americas
Peru's Pedro Castillo closes in on victory in presidential election
  + stars: | 2021-06-10 | by ( ) www.nbcnews.com + 0.00   time to read: +4 min
Pedro Castillo maintained a slim lead over rival Keiko Fujimori in Peru's presidential election on Thursday, with almost all votes counted, but with a chunk of contested votes yet to be scrutinized by electoral authorities. She questioned the likeliness of voting tables grouping up to 300 ballots in which she got no votes at all. Fujimori said those votes should be looked into, adding that she was not accusing the electoral authorities of being complicit in any wrongdoing. Legal woesCastillo's 0.4% lead over Fujimori, though slim, is more sizeable than the 0.24% by which Fujimori lost to Pedro Pablo Kuczynski in the 2016 presidential election. A victory in the presidential election would halt her case until the end of her administration.
Persons: Pedro Castillo, Keiko Fujimori, Castillo, Fujimori, Alberto Fujimori, Washington, Alfredo Fernandez, Luiz Inacio Lula da Silva, Jair Bolsonaro, Pedro Pablo Kuczynski, Eileen Gavin, Verisk Maplecroft, Jose Domingo Perez, Ernesto de la Jara Organizations: Analysts, Twitter, Peru Libre Party, U.S . State Department, Global Markets, Prosecutors, NBC, Facebook Locations: Peru's, Peru, U.S, America, Brazil, Americas, Peruvian
read more"The Fed is getting some traction on its message that the inflation pressures are transitory," said Colin Asher, senior economist at Mizuho in London. Fed officials have repeatedly tamped down fears of inflation running persistently higher than its 2% target, while pointing out they have tools to keep it under control. The statement following the Fed policymakers' regular meeting next week and comments from Fed Chair Jerome Powell will be closely watched for the central bank's latest view on inflation. A widely watched barometer of inflation expectations, the breakeven inflation rate (BEI) for 10-year Treasury Inflation Protected Securities , measuring the difference between 10-year TIPS real yields and the 10-year note yield, was at 2.35%, near a two-month low of 2.326% hit on Wednesday. That indicates that markets do not see inflation averaging much over the Fed's 2% target over the next decade.
Persons: Colin Asher, Jerome Powell, Peter Rutter, Joseph LaVorgna, Mark Grant, Organizations: Federal, Treasury, Thursday's Labor Department, Mizuho, Fed, Royal London Asset Management, Securities, Riley, Labor Department, Thomson Locations: U.S, London, Americas, New York, Fort Lauderdale , Florida
MSCI’s benchmark, the S&P 500 and a key European index surged to record highs after the U.S. Labor Department said the consumer price index in the 12 months ended in May accelerated 5.0%, the biggest year-on-year increase since August 2008. In a sign of market complacency, the 10-year U.S. Treasury note’s yield fell 1.2 basis points to 1.4772% after earlier rising above 1.5% following the data’s release. On Wall Street, the Dow Jones Industrial Average rose 0.35%, the S&P 500 gained 0.45% and the Nasdaq Composite added 0.49%. A surprisingly strong U.S. inflation print in April spooked investors, sparking a cautious run into Thursday’s of May data. Short positions in Treasuries were the highest since 2018, according to JP Morgan positioning data last week.
Persons: Subadra Rajappa, ” Rajappa, Joseph LaVorgna, ” LaVorgna, , , MSCI’s Organizations: U.S . Labor Department, Treasury, Societe Generale, Americas, Dow Jones, Nasdaq, European Central Bank, Morgan Locations: New York, Natixis, U.S, Treasuries
Digital Currency Asset Manager Hires Its First CMO
  + stars: | 2021-06-10 | by ( Nat Ives | ) www.wsj.com + 0.00   time to read: +4 min
Grayscale Investments LLC, a digital currency asset manager, has named Deborah Bussière as its first chief marketing officer. Previously, Ms. Bussière was global chief marketing officer at Broadridge Financial Solutions Inc., a financial-technology provider of investing, governance and communications tools. She had earlier been a marketing consultant to startups including Grayscale and chief marketing officer for the Americas at Ernst & Young. PREVIEWMs. Bussière said she intended to help Grayscale educate investors about digital currency as it continues to quickly evolve. “Certainly if you go to talk to your Great Aunt Edna about her perception of digital currencies, that’s a whole different vantage point…Grayscale has a huge opportunity to own that narrative.”Other players in digital currencies are confronting the same issues.
Persons: Deborah Bussière, Bussière, , Michael Sonnenshein, Elon Musk, Musk, , ” Deborah Bussière, DEBORAH BUSSIERE, Ms, you’re, Edna, “ We’ve, ’ ”, Andrew Tam, Tam, ” Mati Greenspan, Nat Ives Organizations: Broadridge, Solutions Inc, Americas, Ernst & Young, El, Investments, Quantum Economics, nat.ives Locations: Miami, El Salvador, who’s
Compliance Officers Play Leading Role in Pursuing Diversity Goals
  + stars: | 2021-06-10 | by ( Mengqi Sun | ) www.wsj.com + 0.00   time to read: +5 min
Corporate compliance officers are getting more involved in diversity and inclusion efforts, using their expertise in helping employees adhere to laws and company policies to push for change. Newsletter Sign-up Risk and Compliance Journal Our Morning Risk Report features insights and news on governance, risk and compliance. Last August, she helped launch the National Association of Black Compliance & Risk Management Professionals Inc. Eric Young, a former compliance chief at the Americas unit of BNP Paribas who now runs a compliance advisory firm. And having a diverse compliance team can demonstrate an appreciation for the diversity of a company’s customer base.
Persons: George Floyd, Kellye Gordon, Gordon, , Moni Robinson, Robinson, Jennifer Newton, Newton, Eric Young, Johnny Milano, Ms, Young, ” Mr, they’re, Henry Thoman, , — Jack Hagel Organizations: Corp, National Association of Black, Risk, Inc, BNP, Wall, SA, Fordham University School of Law, Black, Mobility Capital Finance Inc Locations: Dallas, Americas
Stocks rally, dollar stable after jump in U.S. CPI data
  + stars: | 2021-06-10 | by ( Herbert Lash | Simon Jessop | ) www.reuters.com + 0.00   time to read: +3 min
FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville/File Photo/File PhotoMSCI’s all-country world index surged to a record intra-day high after the U.S. Labor Department earlier said the consumer price index in the 12 months through May accelerated 5.0%, the biggest year-on-year increase since August 2008. The benchmark 10-year U.S. Treasury yield rose 3.0 basis points to 1.5194% after the data’s release, while the dollar index was essentially flat, down 0.08%. A surprisingly strong U.S. inflation print in April spooked some investors, leading to a cautious run into the release on Thursday of the May data. Short positions in Treasuries were the highest since 2018, according to JP Morgan positioning data last week.
Persons: Toby Melville, Subadra Rajappa, ” Rajappa, Joseph LaVorgna, ” LaVorgna, , Organizations: London Stock Exchange Group, City of, REUTERS, U.S . Labor Department, Treasury, Societe Generale, Americas, Dow Jones, Nasdaq, Atlantic, European Central Bank, Morgan Locations: City, City of London, Britain, New York, Natixis, COVID, U.S, Treasuries
Stocks rally, yields drop as U.S. CPI data calms investors
  + stars: | 2021-06-10 | by ( Herbert Lash | ) www.reuters.com + 0.00   time to read: +4 min
The report was largely in line with expectations, said Subadra Rajappa, head Of U.S. rates strategy at Societe Generale in New York. “The (equity) market is going to ignore the data. MSCI’s all-country world index rose 0.45% to 718.81, nudging past its previous record set Tuesday. In the United States, data showed people filing new claims for unemployment benefits fell last week to the lowest level in nearly 15 months. The dollar index fell 0.071%, with the euro down 0.07% to $1.217.
Persons: Toby Melville, Subadra Rajappa, ” Rajappa, Joseph LaVorgna, ” LaVorgna, , MSCI’s, Thomas Hayes, ” Hayes, , Brent Organizations: YORK, Global, London Stock Exchange Group, City of, REUTERS, U.S . Labor Department, Societe Generale, Treasury, Americas, European Central Bank, Dow Jones, Nasdaq, Great, Great Hill Capital, ECB, U.S, West Texas Locations: City, City of London, Britain, New York, Natixis, Great Hill, United States
All of it has meant plenty of work for fintech bankers. Still, there are plenty of banks making waves in the fintech space. But the role ESG plays in financial technology has become more pronounced in recent months. Kelly Galanis, Goldman SachsRole: Head of financial technology investment banking, AmericasDeals worked on: Shift4 Payments IPO; Duck Creek IPO; Lemonade IPOKelly Galanis. Houlihan LokeyFintech has become such a massive industry that some investment bankers are building entire practices based solely on smaller subsectors with big potential.
Persons: dealmakers, Dealogic, fintech IPOs, fintech, Rick Diamond, Citigroup Rick Diamond, Diamond, Jonathan Dubroff, Jonathan Dubroff's, Dubroff, SG, Dubroff's, He's, fintechs, we've, Kelly Galanis, Goldman Sachs, megadeals, what's, Galanis, COVID, Kegan Greene, Houlihan Lokey, Thomas H, Insurance Technologies Kegan Greene, Houlihan Lokey Fintech, I've, Greene, Houlihan Lokey's, Jason Gurandiano, Foley, Gurandiano, Brennin Kroog, Kroog, It's, Keefe, Keith Meyers, eMBS Keith Meyers, KBW, it's, Meyers, You've, Raymond James, Ben Tompkins, Jigar Patel, Morgan Stanley, Patel, Morgan Stanley's, Matthew Sharnoff, Bill Me, Bank of America Matthew Sharnoff, Sharnoff, Merrill Lynch, Nate Stulman, PJ Solomon, PJ Solomon Nate Stulman, Stulman, Stifel Ben Tompkins, Tompkins, Henry Ansbacher, Jefferies, Draper, Stifel, there's, Tommaso Zanobini, Bloomberg Tommaso Zanobini, Zanobini, they've Organizations: Street, FIG, fintech, Citigroup, Transaction Services, ESG, BMO Capital, Delta Card Services, First Data Corporation, Deloitte, SG Cowen, BMO Capital Markets, Barclays, Shift4, Insurance Technologies Kegan, RBC Capital, RBC Capital Markets, Deutsche Bank, Credit Suisse, Lazard, Visa, Plaid, T Bank, People's, Corp, Morgan Keegan & Company, Stifel, Capital, ING, USA, Bank of America, Interactive, Vista Equity Partners, TD Bank, American Express, CIBC, TD, Nordstrom, Moelis, Greenhill & Co, Broadview International, Eden Ventures, Draper Esprit, IB, America, Banco Santander S.A, Trebia, Bloomberg, Lehman Brothers, Deutsche Bank —, & $ Locations: fintech, Europe, Latin America, India, Asia, Atlanta, SPACs, Americas, American, Canadian, BankMobile, York, London, KBW, New York, Pacific, America, Synchrony, Moelis
Peru's presidential candidate Pedro Castillo addresses supporters from the headquarters of the "Free Peru" party, in Lima, Peru June 8, 2021. Castillo, an elementary school teacher and political novice who won widespread grassroots backing for pledges to rewrite the constitution of the world's No. 2 copper producer and redistribute wealth, had 50.2% of the vote, maintaining a 0.4 percentage point lead over right-wing Keiko Fujimori, or 71,441 votes. On Wednesday night, Fujimori, the daughter of polarising former president Alberto Fujimori, alleged that about 500,000 votes were suspicious, without providing substantial evidence. Castilo's Peru Libre party has strongly denied the claims and electoral observers say the vote was carried out cleanly.
Persons: Pedro Castillo, Sebastian Castaneda, Keiko Fujimori, scrutinise, Castillo, Francisco Sagasti, Eileen Gavin, Verisk, Fujimori, polarising, Alberto Fujimori, Veronika Mendoza, Fujimori ´ Organizations: REUTERS, Global Markets, United, Twitter, Peru Libre, Thomson Locations: Peru, Lima , Peru, Sebastian Castaneda Peruvian, Americas, United Kingdom
Peru's presidential candidate Pedro Castillo addresses supporters from the headquarters of the "Free Peru" party, in Lima, Peru June 8, 2021. "The people have awakened," Castillo told supporters from a balcony in Lima late on Thursday, calling on citizens to recover the country for all Peruvians after a divisive election race. Bolivia's former President Evo Morales also congratulated Castillo on his "victory," calling him a "soul brother and companion in struggle." LEGAL STAKESCastillo's thin lead over Fujimori is more sizeable than the 0.24% margin by which Fujimori lost to Pedro Pablo Kuczynski in the 2016 presidential election. A victory in the presidential election would halt her case until the end of her administration.
Persons: Pedro Castillo, Sebastian Castaneda, Keiko Fujimori, Castillo, Fujimori, Washington, Alfredo Fernandez, Luiz Inacio Lula da Silva, Jair Bolsonaro, Evo Morales, Pedro Pablo Kuczynski, Eileen Gavin, Verisk Maplecroft, Jose Domingo Perez, Ernesto de la Jara Organizations: REUTERS, Twitter, Peru Libre, U.S . State Department, Global Markets, Prosecutors, Thomson Locations: Peru, Lima , Peru, Lima, U.S, America, Argentina, Brazil, Americas, Peruvian
A woman walks past a graffiti reading 'Social distance' during the outbreak of the coronavirus disease (COVID-19) in Santiago, Chile June 7, 2021. Jose Luis Espinoza, the president of Chile's National Federation of Nursing Associations (FENASENF), said his members were "on the verge of collapse." Chile has one of the world's highest vaccination rates. It has used nearly 23 million vaccines doses so far - 17.2 million of Sinovac's (SVA.O), 4.6 million of Pfizer (PFE.N)/BioNTech's (22UAy.DE), and less than 1 million each of AstraZeneca's< AZN.L> and CanSino's. Without its vaccines, Chile would be far worse off, he said.
Persons: Ivan Alvarado, Chile's, caseload, Jose Luis Espinoza, Cesar Cortes Organizations: REUTERS, Chile's National Federation of Nursing Associations, Pfizer, University of Chile, Thomson Locations: Santiago , Chile, Ivan Alvarado Chilean, Santiago, Metropolitan, Chile, Americas, HK, Brazilian
"The Fed is getting some traction on its message that the inflation pressures are transitory," said Colin Asher, senior economist at Mizuho in London. Fed officials have repeatedly tamped down fears of inflation running persistently higher than its 2% target, while pointing out they have tools to keep it under control. The statement following the Fed policymakers' regular meeting next week and comments from Fed Chair Jerome Powell will be closely watched for the central bank's latest view on inflation. A widely watched barometer of inflation expectations, the breakeven inflation rate (BEI) for 10-year Treasury Inflation Protected Securities , measuring the difference between 10-year TIPS real yields and the 10-year note yield, was at 2.35%, near a two-month low of 2.326% hit on Wednesday. That indicates that markets do not see inflation averaging much over the Fed's 2% target over the next decade.
Persons: Colin Asher, Jerome Powell, Peter Rutter, Joseph LaVorgna, Mark Grant, Organizations: Federal, Treasury, Thursday’s Labor Department, Mizuho, Fed, Royal London Asset Management, Securities, Riley, Labor Department, Thomson Locations: U.S, London, Americas, New York, Fort Lauderdale , Florida
A total of 3,913 migrant children were separated by the Trump administration, DHS said Tuesday. More than half of the nearly 4,000 children separated from their families by the Trump administration remain estranged from their parents, the Department of Homeland Security revealed in a new report on Tuesday. Still, as DHS's Inspector General said in a May report, some 348 parents and children were separated against their apparent wishes. The task force, created by an executive order from President Joe Biden, identified 3,913 children as having been separated from their parents during the last administration. Comunidad Maya Pixan Ixim, a nonprofit representing the Maya community in Nebraska, said it has been consulting with the DHS task force.
Persons: Trump, Joe Biden, General, Lee Gelernt, Gelernt, Pixan Ixim Organizations: DHS, Department of Homeland Security, Central, DHS's Interagency, Force, White, CBS News, KQED, American Civil Liberties Union, ACLU, Comunidad, Twitter Locations: United States, Guatemala, Honduras, El Salvador, Nebraska, Americas
How a massive part of the internet went down for an hour
  + stars: | 2021-06-09 | by ( David Goldman | Cnn Business | ) edition.cnn.com sentiment -1.00   time to read: +1 min
New York (CNN Business) The company behind Tuesday's massive internet outage has apologized for making a costly mistake that knocked out websites, apps and online services across the world. "We provide mission critical services, and we treat any action that can cause service issues with the utmost sensitivity and priority. Spotify SPOT Amazon AMZN Target CBDY Fastly supports news sites and apps like CNN , the Guardian, the New York Times and many others. The 49-minute outage Tuesday morning took down other major internet platforms and sites as well, including, and the UK government website — Gov.uk. The update introduced a bug that could be triggered by a customer configuring their service under specific circumstances — which happened Tuesday.
Persons: Nick Rockwell, Fastly's, Pinterest, HBO Max, Hulu, , Fastly Organizations: CNN, Guardian, New York Times, HBO Locations: York, Americas, Europe, Asia, South Africa
And it is one of only a handful of countries worldwide that has yet to administer a single shot of coronavirus vaccine. Last week, two of the main hospitals treating COVID-19 patients in capital Port-au-Prince announced they were saturated. Already in February Doctors Without Borders (MSF) shut all but the emergency department at the hospital in Cite Soleil where it last year treated COVID-19 patients. NOT A PRIORITYHaitian doctors largely credited their country's apparent resilience to the coronavirus last year to its relatively young population. And next week, Haiti should receive its first batch - 130,000 doses - of COVID-19 vaccines through the World Health Organization's COVAX vaccination scheme.
Persons: Laure Adrien, Prince, Marc Edson Augustin, Jean, Bill ' Pape, Pape, Luke, COVID, Jovenel Moise, Carissa Etienne, Ronald Laroche, Ronald Jean Organizations: Pan American Health Organization, Haiti's Health Ministry, Luke Hospital, Cite Soleil, Authorities, Thomson Locations: Haiti, Americas, COVID, America, Port, Cite, Florida, Dominican Republic, Britain, Brazil, Prince
Systemic failures behind Colombia police rights abuses - HRW
  + stars: | 2021-06-09 | by ( Oliver Griffin | ) www.reuters.com sentiment -1.00   time to read: +2 min
Brutal abuses by Colombia's police during recent anti-government protests are not isolated incidents but part of extensive failings by state security forces, advocacy group Human Rights Watch (HRW) said in a report on Wednesday. HRW said it has also documented beatings, sexual abuse and arbitrary detention of protesters and bystanders by security forces. "These brutal abuses are not isolated incidents by rogue officers, but rather the result of systemic shortcomings of the Colombian police," Jose Miguel Vivanco, Americas director at Human Rights Watch, said in a statement. Duque has repeatedly insisted that most Colombian police respect the human rights of civilians, and he has said that any cops who act illegally will be punished. read moreRepresentatives from the Inter-American Commission on Human Rights (CIDH) arrived in the country over the weekend for a three-day visit to gather information about possible rights abuses during the protests.
Persons: Ivan Duque, Jose Miguel Vivanco, Duque Organizations: Human Rights Watch, HRW, Colombian, Human Rights, Inter, American, Thomson Locations: Americas
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