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Spanx taps Goldman Sachs to explore options including sale - NYT
  + stars: | 2021-06-25 | by ( Reuters Staff | ) sentiment -0.89   time to read: +1 min
June 25 (Reuters) - Shapewear maker Spanx has tapped Goldman Sachs to explore options including a sale, New York Times’ DealBook newsletter reported on Friday, citing multiple sources familiar with the matter. The report said Spanx has attracted interest from private equity firms, including Carlyle, and that any deal could value it at $1 billion or more. It also said Spanx's founder Sara Blakely could retain some ownership in the company. Demand for apparel has rebounded in recent weeks as the United States returns to relative normalcy on the back of speedy COVID-19 vaccinations and easing of restrictions. Spanx made between $50 million and $80 million in operating earnings on revenue of $300 million to $400 million over the past year, the NYT report said.
Persons: Spanx, Goldman Sachs, New York Times ’, Carlyle, Sara Blakely, Kim Kardashian West Organizations: New York Times Locations: United States
Dollar edges lower ahead of U.S. inflation data
  + stars: | 2021-06-25 | by ( Ritvik Carvalho | ) + 0.00   time to read: +3 min
LONDON (Reuters) - The dollar drifted lower in Europe on Friday as an agreement on U.S. infrastructure spending underpinned appetite for riskier currencies, but caution ahead of key U.S. inflation data kept losses to a minimum. FILE PHOTO: An employee counts U.S. dollar bills at a money exchange in central Cairo, Egypt, March 20, 2019. REUTERS/Mohamed Abd El GhanyThe risk-sensitive Antipodean currencies rose, as did the euro, gaining 0.1% to $1.1943, and the Japanese yen, which rose by about the same margin to 110.77 per dollar. “...The consensus is already expecting quite a large increase in the May PCE inflation data - looking for 3.9% YoY headline and 3.4% YoY core,” said strategists at ING in a note to clients. The Australian dollar rose 0.2% to $0.7595.
Persons: Mohamed Abd El Ghany, , John Williams, Khoon Goh, ” Goh, it’s, Bitcoin Organizations: REUTERS, Federal Reserve, Reuters, ING, New York Federal Reserve Bank, New Zealand, South Korean, ANZ, Bank of England, of England Locations: Europe, Cairo, Egypt, New, Asia, U.S, Mexico
REUTERS/Brendan McDermidSummary Nike, big banks set to boost DowFedEx slips after missing 2022 earnings forecastFutures up: Dow 0.42%, S&P 0.17%, Nasdaq 0.17%June 25 (Reuters) - The S&P 500 and the Nasdaq were set for record highs at open on Friday, following robust earnings forecast from Nike, while weaker-than-expected inflation data eased worries about monetary policy tightening in the near term. Inflation has been front-and-center of investors' minds, with latest personal consumption expenditures (PCE) data showing a measure of underlying inflation rose less than expected in May. Construction and mining equipment maker Caterpillar (CAT.N), farm-equipment maker Deere (DE.N) and aerospace firm Boeing (BA.N) all edged higher. ET, Dow e-minis were up 144 points, or 0.42%, S&P 500 e-minis were up 7.25 points, or 0.17%, and Nasdaq 100 e-minis were up 23.75 points, or 0.17%. Reporting by Devik Jain and Medha Singh in Bengaluru; Editing by Maju SamuelOur Standards: The Thomson Reuters Trust Principles.
Persons: Brendan McDermid, Chris Zaccarelli, Joe, Jerome Powell, hawkish, Morgan Stanley, Wells, Devik Jain, Medha Singh, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Nike, Dow FedEx, Dow, Nasdaq, Core PCE, Independent, Alliance, Caterpillar, Deere, Boeing, Bank of America, Nike Inc, Citigroup, JPMorgan, Fed, Dow e, FedEx Corp, United Parcel Service Inc, CarMax Inc, Russell, Thomson Locations: Bengaluru
Black Voters Matter has embarked on what the national advocacy and policy group has christened a Freedom Ride for Voting Rights. Its goals, BVM co-founders LaTosha Brown and Cliff Albright note, are threefold: to amplify the need for federal voting rights legislation, build Black voting power, and advocate for Washington, D.C., statehood. People gather during the launch of the "Freedom Ride for Voting Rights" in Jackson, Miss., on June 19, 2021. Founded in 1869, the historically Black college became one of the epicenters of the civil rights movement. “Amen!”Barbara Arnwine, a lawyer, updated the crowd on voting rights legislation before Congress.
Persons: JACKSON, , they’ve, , Woodrow Wilson, BVM, LaTosha Brown, Cliff Albright, , Brown, Albright, Eric J, shelton, Medgar Evers, Martin Luther King Jr, Fannie Lou Hamer, Stokely Carmichael, Julian Bond, Tougaloo, Shelton, John Lewis, James Farmer, James Brown, Pastor Wendell Paris Sr, Isaiah, Kathy Sykes, Barbara Arnwine, Holder, Arnwine, , We’ve, ” Brown, You’ve, Dustin Chambers, Reuters Albright, “ Nat Turner, Harriet Tubman, “ ashe ”, they’re, We’re, Fred Shuttlesworth, Addie Mae Collins, Carole Robertson, Cynthia Wesley, Denise McNair —, Kelly Ingram, King, Randall Woodfin, Novella Paige Organizations: Miss, Black Voters, Woodrow, Tougaloo College, Washington, D.C, Republican, Reuters, Washington , D.C, Freedom Riders, NAACP, Riders, Racial, . Riders, Greyhound, Owens Health, Wellness Center, John Lewis Voting, Coalition, Ebenezer Baptist Church, Student Nonviolent, Southern Christian Leadership Conference, Birmingham Civil Rights Institute, Baptist Church, Ku Klux Klan, Kelly Ingram Park, Capitol, Republicans, American, Facebook, Twitter Locations: America, Georgia, , Selma, Alabama, Bronx, New York City, Jackson, Miss, Gulf, Carolinas , Tennessee, Virginia, West Virginia, Washington ,, Paris, Mississippi, Shelby, Washington, Ebenezer, Atlanta, Birmingham , Alabama, Birmingham, Tennessee
Taiwan, U.S. to hold long-stalled trade talks next week
  + stars: | 2021-06-25 | by ( Reuters Staff | ) sentiment -0.96   time to read: +2 min
TAIPEI (Reuters) - Taiwan and the United States will hold trade talks next week, the de facto U.S. embassy in Taipei said on Friday, resuming long-stalled discussions as Washington seeks to deepen its support for the Chinese-claimed island. FILE PHOTO: Flags of Taiwan and U.S. are placed for a meeting in Taipei, Taiwan March 27, 2018. The Office of the U.S. Trade Representative and Taiwan’s Office of Trade Negotiations will serve as the “chief consultants” for the talks, it added. Taiwan had been cautiously optimistic about resuming the high level trade talks with Washington this year after U.S. Secretary of State Antony Blinken signalled a possible resumption this month. While Taiwan is a member of the World Trade Organization, many countries are wary of signing trade deals with the tech powerhouse fearing objections from China, though Taiwan does have free trade deals with Singapore and New Zealand.
Persons: Tyrone Siu, Barack Obama, Donald Trump’s, Robert Lighthizer, Brent Christensen, Hsiao, , Antony Blinken, Biden Organizations: U.S, REUTERS, Tyrone Siu The Trade, American Institute, U.S . Trade, Taiwan’s, Trade, World Trade Organization, New Zealand, Washington Locations: TAIPEI, Taiwan, United States, Taipei, Washington, U.S, China, Beijing, Singapore, New
TEL AVIV — Scientists say they have discovered a new kind of early human after studying pieces of fossilized bone dug up at a site used by a cement plant in central Israel. "It enables us to make new sense of previously found human fossils, add another piece to the puzzle of human evolution, and understand the migrations of humans in the old world." The study said the Nesher Ramla resembled pre-Neanderthal groups in Europe. What they did match, May said, were a small number of enigmatic human fossils found elsewhere in Israel, dating back even earlier, that anthropologists had never been able to place. The Nesher Ramla fossils “look like something on a lineage heading toward Neanderthal," said Eric Delson, a paleoanthropologist at Lehman College in New York who was not involved in the study.
Persons: , AMMAR AWAD, Israel, Yossi Zaidner, Dan David Center, May, Rachel Sarig, Sheela Athreya, M University paleoanthropologist, Eric Delson Organizations: TEL AVIV — Scientists, Tel Aviv University, Hebrew University of Jerusalem, NBC, Hebrew University, Dan, Shmunis Institute of Tel Aviv University . Experts, M University, Lehman College Locations: TEL AVIV, Israel, Ramla, Tel Aviv, Europe, Africa, Asia, Texas, North Africa, New York
Vaccinated People Account for Half of New Covid-19 Delta Cases in Israeli Outbreak
  + stars: | 2021-06-25 | by ( Dov Lieber | ) sentiment -0.99   time to read: +1 min
Preliminary findings by Israeli health officials suggest about 90% of the new infections were caused by the Delta variant, according to Ran Balicer, who leads an expert advisory panel on Covid-19 for the government. Around half of those infected were fully vaccinated, he said. Israel is now reassessing its Covid-19 regulations after moving to open up its society and economy after multiple lockdowns last year. “The entrance of the delta variant has changed the transition dynamics,” said Prof. Balicer, who is also the chief innovation officer for Israel’s largest health-management organization, Clalit. The Delta variant, which first emerged in India in late 2020 and is also known as B.1.617.2, has now been detected in more than 70 countries.
Persons: Ran Balicer, , Balicer Organizations: Pfizer Inc Locations: TEL AVIV, Israel, India, U.S
Take Five: The missing piece in the Fed puzzle
  + stars: | 2021-06-25 | by ( ) + 0.00   time to read: +4 min
Adding perky jobs data to the mix could change that picture, markets fear. Analysts expect the economy to add 600,000 jobs in June - the largest monthly gain in three months – up from a gain of 559,000 jobs in May. The U.S. Fed has shifted to a hawkish bias. Some mid-cap deals pulled stock market debuts recently: Marex Spectron in London, PHE Holdings in Paris and Primafrio in Madrid. But Nordgold aborting its debut might be the first casualty of expected central bank tightening as the hawkish Fed pushed gold 6% lower.
Persons: Jerome Powell, Philip Lane, Wise, Tom Westbrook, Dhara, Abhinav Ramnarayan, Marc Jones, Saqib Ahmed, Karin Strohecker, Toby Chopra Organizations: Federal Reserve, U.S, Fed, ECB, PHE Holdings, Bankers, CHINA BULLS, Thomson Locations: U.S, United States, Europe, Asia, London, Paris, Primafrio, Madrid, China, Singapore, New York
Patients with lingering Covid-19 symptoms should wait even longer, the study suggested. Some experts said seven weeks is too arbitrary a threshold for scheduling surgery for patients who have had Covid-19. The operation to be performed, patients’ medical conditions and the risk of delaying surgery should all be factored in. Oregon Health and Sciences University clinicians developed a protocol a year ago for clearing any patient who had Covid-19 for elective surgery. If the assessment raises no red flags, patients can be cleared for surgery once they have waited the minimum seven weeks since their Covid-19 diagnosis.
Persons: Brian Colvin, Colvin, he’ll, ” Colvin, I’ve, , Don Goldmann, , Kenneth Sharp, Beverly Philip, Avital, “ I’ve, O’Glasser, don’t, We’re, Jeffrey Drebin, hasn’t, it’s, It’s Organizations: Harvard Medical School, Institute for Healthcare, Regents, American College of Surgeons, Department, Surgery, Vanderbilt University Medical, American Society of Anesthesiologists, Safety Foundation, Oregon Health, Sciences University, NBC, McKinsey, Memorial Sloan Kettering Cancer Center, Twitter, Facebook Locations: Portland, New York, Crest Hill , Illinois, Chicago
India Warns of New Versions of Delta Variant Spreading
  + stars: | 2021-06-25 | by ( Shan Li | ) sentiment -1.00   time to read: +1 min
NEW DELHI—India is warning about new versions of the highly infectious Delta variant of the coronavirus that are spreading around the country, containing a mutation that the original didn’t have. Indian officials have dubbed new versions of the variant containing the mutation Delta Plus. Indian officials have been closely monitoring the Delta variant, which fueled the country’s ferocious Covid-19 surge in April and May. India has detected about 50 cases of Delta Plus so far through genomic sequencing. Scientists say there is no evidence that Delta Plus is significantly more transmissible or deadlier than the original variant.
Persons: , Anurag Agrawal Organizations: Public Health, Delta, CSIR, of Genomics Locations: DELHI, India, U.S, Japan, Public Health England
FOREX-Dollar dips, but with a wary eye on U.S. inflation data
  + stars: | 2021-06-25 | by ( Tom Westbrook | ) + 0.00   time to read: +3 min
The risk-sensitive Antipodean currencies rose very slightly, while the euro gained 0.1% to $1.1940 and the yen rose by about the same margin to 110.80 per dollar. “The dollar can jump if inflation surprises to the upside,” said Joe Capurso, head of international economics at the Commonwealth Bank of Australia in Sydney. “Upside inflation surprises have been the trend in the U.S. recently,” he added. The Australian dollar rose 0.1% to $0.7591. Bank of England policymakers even warned against “premature tightening” and the pound was the worst performing G10 currency on Thursday.
Persons: , Joe Capurso, John Williams, Khoon Goh, ” Goh, it’s, Bitcoin Organizations: Federal Reserve, Commonwealth Bank of Australia, U.S ., Reuters, New York Federal Reserve Bank, New Zealand, South Korean, ANZ, Bank of England, of England Locations: 2RBWI5E SINGAPORE, Asia, Sydney, U.S, New, Mexico
FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at a branch office in Bern, Switzerland, Oct. 28, 2020. The bank’s management needs a new-look Credit Suisse, as its standing with customers and in Switzerland hits a low ebb. “The Swiss establishment is aware that without a domestic merger Credit Suisse will disappear in foreign hands,” one of the sources said. Earlier this year, when asked about a tie-up with Credit Suisse, UBS CEO Ralph Hamers threw cold water on the idea, saying he preferred “organic” growth. But many people who spoke to Reuters for this story, however, believed a deal between Deutsche Bank and Credit Suisse was unlikely.
Persons: Arnd, Antonio Horta, Osorio, , FINMA, , Ralph Hamers, Christian Sewing Organizations: UBS, Swiss, Credit Suisse, REUTERS, Greensill Capital, Suisse, Reuters, Germany’s Deutsche Bank, Deutsche, Deutsche Bank Locations: ZURICH, Bern, Switzerland, Swiss, Zurich, Washington, United States
SYDNEY, June 25 (Reuters) - The Australian and New Zealand dollars rose for a fifth consecutive session on Friday and were on track for solid weekly takings, as analysts predict further gains in the period ahead led by strong commodity prices and still-buoyant risk appetite. The Australian dollar was last up 0.1% at $0.7594 after hitting a near six-month trough of $0.7478 earlier this month. For the week, the Aussie is so far up 1.5%, its best weekly performance since early-May. For the week, the kiwi was up more than 2% so far, on track for its best weekly showing since November 2020. Australian government bond futures nudged lower too, with the three-year bond contract off 2 ticks at 99.50.
Persons: Organizations: SYDNEY, New, National Australia Bank, New Zealand Locations: New Zealand, United States, New
LOS ANGELES — Conan O'Brien ended his 11-year run on TBS' "Conan" by touting the "intersection between smart and stupid." Conan O'Brien of TBS's CONAN speaks onstage during the WarnerMedia Upfront 2019 show at The Theater at Madison Square Garden in New York on May 15, 2019. Black also reminded O'Brien that his first-ever talk show appearance was on "Late Night with Conan O'Brien." "It's been a great way for me to hide my money in banks all around the world," O'Brien said. I think when smart and stupid come together, it's very difficult.
Persons: Conan O'Brien, Jack Black, Black, , gurney, TBS's CONAN, Dimitrios Kambouris, O'Brien, Carson, Letterman, Jack, Andy Richter, Johnny, Will Ferrell, Martin Short, Zack Galifianakis, Nicole Byer, Andy Samberg, Lea Delaria, Mary Kay, It's, O'Brien's, Liza, Sona Mouvsesian, Conan, Homer Simpson, O'Brien — Organizations: TBS, Madison, Largo Locations: New York, Boston, Cuba, South Korea, Armenia, Israel, Australia, Mexico, Ghana, Germany, Japan, Greenland, Italy
Dollar dips ahead of U.S. inflation data
  + stars: | 2021-06-25 | by ( Ritvik Carvalho | ) + 0.00   time to read: +3 min
LONDON (Reuters) - The dollar drifted lower in Europe on Friday as an agreement on U.S. infrastructure spending underpinned appetite for riskier currencies, but caution ahead of key U.S. inflation data kept losses to a minimum. FILE PHOTO: A U.S. five dollar note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration/File PhotoThe risk-sensitive Antipodean currencies rose, as did the euro, gaining 0.1% to $1.1943, and the Japanese yen, which rose by about the same margin to 110.77 per dollar. “...The consensus is already expecting quite a large increase in the May PCE inflation data - looking for 3.9% YoY headline and 3.4% YoY core,” said strategists at ING in a note to clients. The Australian dollar rose 0.2% to $0.7595.
Persons: Thomas White, , John Williams, Khoon Goh, ” Goh, it’s, Bitcoin Organizations: REUTERS, Federal Reserve, Reuters, ING, New York Federal Reserve Bank, New Zealand, South Korean, ANZ, Bank of England, of England Locations: Europe, New, Asia, U.S, Mexico
Democrats and Republicans alike agree that there’s been a serious spike in violent crime over the last couple of years — the highest in more than a decade. Biden deserves kudos for standing up to his party’s loud progressive wing and insisting on taking action before more Americans needlessly die. The White House’s fact sheet on Biden’s crime-fighting plan talks of “gun violence resulting from the pandemic,” “gun violence exacerbated by the pandemic” and “gun violence associated with the pandemic.” In fact, the homicide spike “actually began in 2019, prior to the pandemic,” noted the National Commission on Covid-19 and Criminal Justice, a bipartisan panel assessing the pandemic’s effect on the justice system. More Americans believe violent crime is a “very big problem” than think the same about the coronavirus, a recent Yahoo News/YouGov poll found. In fact, violent crime was respondents’ top concern, beating the economy and race relations.
Persons: there’s, Biden, Joe Biden, , , , , ” that’s, they’ve, Derek Chauvin, George Floyd, ” Biden, Bill de Blasio, Eric Adams, Maya Wiley, Adams, who’s, Dermot Shea Organizations: National Commission, Minneapolis City Council, New York Police Department, Democrats, Yahoo, defunded, USA, New, Democratic, NYPD Locations: America, Covid, Minneapolis, New York, New York City, Brooklyn
The MOVE index - a bond market volatility gauge - hit a two-month high on Monday, underscoring those mixed signals and uncertainty about the near-term. In the June 17-24 poll, over 60% of fixed-income strategists, or 25 of 41, who answered an additional question said a significant sell-off in global bond markets was likely over the next three months. (Graphic - Reuters Poll: Major sovereign bond yields outlook, )Still, beyond the near-term, yields on major sovereign bonds were expected to have risen relatively modestly in a year, according to the poll of 80 fixed-income strategists. The Fed’s heavy presence in bond markets as a buyer is expected to prevent a runaway rise in yields, which the central bank will not want to happen. When asked how high would U.S. 10-year Treasury yields rise to over the next three months, the median of 30 analysts was 1.75%, with forecasts ranging between 1.5% and 2.0%.
Persons: Lucas Jackson, Jerome Powell, Powell, We’re, , Elwin de Groot, “ We’re, Leslie Falconio, Guneet Dhingra, Morgan Stanley, Organizations: REUTERS, Lucas Jackson Financial, Federal, Rabobank, Fed, UBS Global Wealth Management, U.S, Treasury Locations: BENGALURU, New York City , New York, U.S
Rudy Giuliani was suspended from practicing law in New York over statements he made about the election on Thursday. His son Andrew Giuliani took to a parking lot to release a statement in defense of his father. The video was reminiscent of another Giuliani parking lot moment: Rudy's appearance at Four Seasons Total Landscaping. Andrew Giuliani, son of former New York mayor Rudy Giuliani, had some things to say about his father's recent troubles — and a vaguely familiar place from which to say them. The statement was reminiscent of an infamous press conference given by Rudy from another remarkable parking lot.
Persons: Rudy Giuliani, Andrew Giuliani, Rudy, Andrew, Donald Trump, Trump's, President Trump, Chris McGrath, Joe Biden, Trump Organizations: New, Twitter, Taco, Taco Bell Locations: New York, Manhattan, Philadelphia , Pennsylvania, Philadelphia, Taco
Trump made a statement on Thursday in support of his former personal lawyer Rudy Giuliani. Trump called Giuliani the "Eliot Ness" of his generation, and "one of the greatest crime fighters" in the US. Giuliani's license to practice law in New York was suspended after a court ruled he made false statements about the election. "Can you believe that New York wants to strip Rudy Giuliani, a great American Patriot, of his law license because he has been fighting what has already been proven to be a Fraudulent Election?" Trump also praised Giuliani, calling him the "Eliot Ness" of his generation and one of the "greatest crime fighters" the US has ever known.
Persons: Trump, Rudy Giuliani, Giuliani, Eliot Ness, Donald Trump, Ness, Al Capone's, Giuliani's, " Organizations: Service, American Patriot, United, Voting Systems, Reuters Locations: New York, York, Al Capone's Chicago, Philadelphia, Georgia
CNN obtained the excerpts which reportedly detail how top Gen. Mark Milley found himself as a voice of opposition. On multiple occasions, Trump reportedly suggested shooting protesters, according to the book. On multiple occasions inside the White House, Trump reportedly suggested shooting protesters. He also told members of his administration that he wanted the military to "beat the f--- out" of the protesters, CNN said, citing Bender's forthcoming book. "Well, shoot them in the leg — or maybe the foot," Trump reportedly said.
Persons: Mark Milley, Trump, rebuff, Donald Trump's, Michael Bender, Bender's, William Barr, Mark Milley Chip Somodevilla, Milley, Stephen Miller, Miller, Stephen, Mark Esper Organizations: CNN, Trump, Street, Joint Chiefs, Staff Locations: America, Washington
LONDON — The U.K. has one of the highest Covid-19 vaccination rates in the world, yet it's seeing a new surge in coronavirus cases largely attributed to the delta variant that first originated in India. Experts say that close attention is being paid to the latest data out of the U.K. as it could be a bellwether for others. And there is a fear that where the U.K. now treads, others — like the U.S. — could follow. "All eyes (are) on UK Covid trends," Kallum Pickering, senior economist and director at Berenberg Bank, said in a note Tuesday. Secondly, he noted that new hospital admissions had increased less than recorded infections — and by much less than during the winter wave.
Persons: Anthony of Padua, Kallum Pickering, Pickering Organizations: St, Anthony of Padua Roman Catholic Church, LONDON, Berenberg Bank Locations: Bronx of New York City, United States, India, U.S
Travel writers make a career out of helping tourists navigate unfamiliar places. Here, CNBC's travel contributors share the biggest mistakes they see visitors make in the cities they call home. No matter if Google Maps shows your destination isn't far, take a taxi or the MRT [Mass Rapid Transit] train. —Christian Barker, AustraliaSeeing it all in New York City"New York is a vast destination with a litany of choices, and that makes any tourist's time in the city precious. I always wondered why visitors — be it tourists or business travelers — reduced the city to a shopping and dining paradise.
Persons: you'd, — Christian Barker, I've, , you've, You'll, Lady Liberty, — Tracy Kaler, Sheryl Nash, Nance, haven't, a.m, — Carrie Hutchinson, it's, — Chris Dwyer, Petra Loho, Nigel Killeen Organizations: of, Empire, Metropolitan Museum of Art, Jacobs Stock Photography, DigitalVision, Melbourne, Cote, Orient, Mass Transit Locations: Singapore, Australia, New York City, New York, Midtown, Brooklyn, Central, Manhattan, New, York, Ellis Island, , New York, United States, Jamaica, Rivers, Montego, Portland . Jamaica, Melbourne, Hong Kong, United Kingdom, Austria, Bangkok, Thailand
Downtown Sydney, Bondi Beach head for 1-week lockdown as delta Covid infections spike
  + stars: | 2021-06-25 | by ( ) sentiment -1.00   time to read: +2 min
A pedestrian walks past a mural depicting an emoji wearing a protective mask along the promenade at Bondi Beach in Sydney, Australia, on Tuesday, March 24, 2020. Brendan Thorne | Bloomberg | Getty ImagesDowntown Sydney and the city's eastern suburbs, which include Bondi Beach, will go into a one-week lockdown from midnight Friday as authorities struggle to contain a spike in the highly contagious Delta Covid-19 virus variant in the city. People are allowed to leave their homes only for essential work or education, medical reasons, grocery shopping or outdoor exercise. "We don't want to see this situation linger for weeks, we would like to see this situation end sooner rather than later," Berejiklian said. AMA president Omar Khorshid said the latest restrictions were "not quite enough" and urged officials to place the entire city under lockdown.
Persons: Brendan Thorne, Gladys Berejiklian, Berejiklian, Omar Khorshid Organizations: Bloomberg, Getty Images Downtown Sydney, Australian Medical Association, Authorities, NSW Locations: Bondi Beach, Sydney, Australia, Bondi, New South Wales, NSW, Australia's
Dollar firm as traders brace for U.S. inflation data
  + stars: | 2021-06-25 | by ( ) + 0.00   time to read: +3 min
The U.S. dollar held near multi-month highs on Friday as investors warily awaited U.S. inflation data, while the pound nursed modest losses after Bank of England (BoE) policymakers leaned away from flagging rate rises. "The dollar can jump if inflation surprises to the upside," said Joe Capurso, head of international economics at the Commonwealth Bank of Australia in Sydney. The stronger dollar has kept other majors in check through the week, even against currencies where rate rises are likely to land sooner than in the United States. With risk appetite looking resilient, any narrowing in this gap probably depends on how far the (Fed)-inspired U.S. dollar recovery can extend." In emerging markets, the Mexican peso surged to a two-week high following a surprise benchmark interest rate hike.
Persons: warily, BoE, Jerome Powell, Joe Capurso, Sean Callow, Sterling, Tapas Strickland Organizations: U.S, Bank of England, U.S . Federal Reserve, Reuters, Commonwealth Bank of Australia, U.S ., New Zealand, Westpac, National Australia Bank Locations: Asia, Sydney, U.S, United States, Australia
Chinese Tesla rival Xpeng to raise up to $2 billion from Hong Kong listing
  + stars: | 2021-06-25 | by ( Arjun Kharpal | ) sentiment -0.99   time to read: +1 min
GUANGZHOU, China — Chinese electric carmaker Xpeng will raise up to nearly $2 billion in a Hong Kong listing. At the maximum offer price, Xpeng would raise 15.3 billion Hong Kong dollars ($1.97 billion) before related costs such as underwriting fees. CNBC reported earlier this week that Xpeng is looking to raise between $1 billion and $2 billion. Its share offering in Hong Kong is unusual because it's not a secondary listing, as companies including Alibaba and have done. A secondary listing is when a company already has a main listing location such as the United States, and it then sells shares on another exchange.
Organizations: Guangzhou International Automobile, China Import, Hong, Hong Kong, CNBC Locations: Guangzhou, Guangdong Province of China, GUANGZHOU, China, Hong Kong, New York, United States
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