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SAN SALVADOR, June 14 (Reuters) - The head of the Central American Bank for Economic Integration (CABEI) said on Monday that the bank will provide technical assistance to El Salvador to implement bitcoin as legal tender. Dante Mossi, speaking at a news conference, added that the bank will also work with El Salvador’s finance ministry and central bank to select a team to work on the implementation. (Reporting by Nelson Renteria Writing by Daina Beth Solomon)
Persons: Dante Mossi, Nelson Renteria, Daina Beth Solomon Organizations: SALVADOR, Central American Bank for Economic, El Locations: El Salvador
CANADA STOCKS-TSX dips as losses in miners, dismal manufacturing data weigh
  + stars: | 2021-06-14 | by ( Reuters Staff | ) sentiment -1.00   time to read: +1 min
(Updates prices, sectors)June 14 (Reuters) - Canada’s main stock index edged lower on Monday, as losses in mining stocks and dismal domestic manufacturing data overshadowed gains in energy stocks. * The materials sector, which includes precious and base metals miners and fertilizer companies, lost 0.7% as gold futures fell 1.6% to $1,848.2 an ounce. * The energy sector climbed 1.4% as U.S. crude prices were up 1% a barrel, while Brent crude rose 0.9%. * On the TSX, 120 issues were higher, while 107 issues declined for a 1.12-to-1 ratio favouring gainers, with a trading volume of 22.35 million shares. * Across all Canadian issues, there were 95 new 52-week highs and four new lows, with total volume of 43.57 million shares.
Persons: Brent, industrials, Amal S, Rashmi Aich Organizations: Statistics, Toronto Stock, TSX, Inc, Kinaxis Inc, Nexgen Energy Ltd, Cameco Corp, Natural Resources, Mining Locations: Statistics Canada, Bengaluru
June 14 (Reuters) - Canada’s main stock index opened lower on Monday, as weakness in mining stocks and dismal domestic manufacturing data overshadowed gains in energy stocks. * At 9:30 a.m. ET (13:30 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was down 19.71 points, or 0.1%, at 20,118.64. (Reporting by Amal S in Bengaluru; Editing by Rashmi Aich)
Persons: Amal S, Rashmi Aich Organizations: Toronto Stock Locations: Bengaluru
BENGALURU, June 14 (Reuters) - India’s retail inflation accelerated to 6.3% in May from a year ago, government data released on Monday showed. Rising crude prices and logistics costs have also led to higher prices, outweighing weaker demand pressures. The surge in inflation has been across all components including, food, fuel and core inflation. Inflation is definitely a concern and the RBI is likely to be perturbed by this. While the RBI will continue to focus on growth, it will have to finetune its inflation projection for FY22 sooner than later.”
Sri Lankan shares down as industrial, financial firms drag
  + stars: | 2021-06-14 | by ( Reuters Staff | ) sentiment -1.00   time to read: +1 min
June 14 (Reuters) - Sri Lankan shares snapped a three-day winning streak to close lower on Monday, hit by losses in industrial and financial firms. Despite the session’s losses, the index is up 11.9% for the year. * Sri Lanka has reported 223,638 total confirmed coronavirus cases as of Monday, and 2,136 deaths, according to health ministry data here. * The island nation lifted travel restrictions on Monday, but has fully vaccinated only 2.34% of the country's population so far, Johns Hopkins data here showed. * Foreign investors were net sellers in the equity market, offloading shares worth 102.6 million rupees, exchange data showed.
Persons: Johns Organizations: Ceylon Tobacco Company Plc, LOLC Holdings, Equity Locations: Sri, Sri Lanka, Johns Hopkins
Software startup Sprinklr targets $5 billion valuation in U.S. IPO
  + stars: | 2021-06-14 | by ( Reuters Staff | ) sentiment -1.00   time to read: +1 min
(Reuters) - Software startup Sprinklr said on Monday it was looking to raise as much as $380 million through a U.S. initial public offering (IPO), targeting a valuation of about $5 billion. The company, whose customers include Microsoft Corp and McDonald’s Corp, said in a regulatory filing it planned to sell 19 million shares priced between $18 and $20 per share. The company’s revenue rose 19% to $111 million in the three months ended April 30, 2021. Its net loss, however, widened to $14.7 million from $11.2 million in the period. Morgan Stanley, J.P. Morgan, Citigroup, Barclays and Wells Fargo Securities are the lead underwriters for the offering.
Persons: Ragy, Morgan Stanley, J.P Organizations: Reuters, U.S, Microsoft Corp, McDonald’s, New York Stock Exchange, Citigroup, Barclays, Wells, Wells Fargo Securities, underwriters Locations: New Jersey, Morgan, Wells Fargo
BRASILIA, June 14 (Reuters) - Forecasts for Brazilian growth, inflation and interest rates in 2021 hit new highs, a survey of economists showed on Monday, with the central bank now seen tightening policy much faster as inflation sails above the upper limit of its target range. Following the release of stronger-than-expected first quarter gross domestic product growth figures earlier this month, the median 2021 growth forecast jumped to a new high of 4.9% from 4.4%, the survey showed. The FOCUS survey on Monday showed that economists’ year-end Selic median forecast jumped to 6.25% from 5.75% a week ago. Next year’s median forecast held steady at 6.50%. Central bank chief Roberto Campos Neto said recently that the bank is “100% committed” to meeting its inflation goals.
Persons: Roberto Campos Neto, , Jamie McGeever, Chizu Nomiyama Organizations: FOCUS Locations: BRASILIA, Central
UPDATE 1-Sterling takes British reopening delay in its stride
  + stars: | 2021-06-14 | by ( Reuters Staff | ) sentiment -0.91   time to read: +2 min
Prime Minister Boris Johnson is expected to announce a delay of four weeks to his February roadmap, under which his government signalled that all social restrictions to control the spread of the disease would be lifted “no earlier” than June 21. Sterling, which has been one of the best performing currencies in 2021 as investors bet on a strong British economic rebound, hovered just below recent highs. The euro was 0.2% stronger against the pound at 85.96 pence , still stuck within the range of the past two months. ING analysts said a delay to the easing of restrictions was expected and investors were more focused on economic data. Britain’s relatively rapid COVID-19 vaccination rollout and signs of a strong economic rebound have bolstered sterling in recent months and encouraged investors to bring forward their expectations for some limited monetary tightening.
Persons: Sterling, Boris Johnson, , Andrew Bailey, Tommy Wilkes, Alexander Smith, David Goodman Organizations: LONDON, Sterling, ING, Bank of England Locations: Britain, COVID
Online grocery retailer Boxed to go public via $900 million SPAC deal
  + stars: | 2021-06-14 | by ( Reuters Staff | ) sentiment -0.99   time to read: +1 min
(Reuters) - Online bulk grocery retailer Boxed Inc said on Monday it would go public through a merger with blank-check firm Seven Oaks Acquisition Corp, in a deal valuing the equity of the combined firm at around $900 million. The deal is expected to provide Boxed with about $334 million in net cash proceeds, including a $120 million private investment from investors such as Brigade Capital Management, Avanda Investment Management and Onex Credit. Seven Oaks, a so-called special purpose acquisition company, or SPAC, raised nearly $260 million through an initial public offering (IPO) last year. SPACs are shell companies that raise funds through an IPO to take a private company public through a merger at a later date. Citi and PJ Solomon are serving as financial advisors to Boxed, while Wells Fargo Securities, Nomura and JonesTrading Institutional Services are acting as capital markets and financial advisors to Seven Oaks.
Persons: PJ Solomon Organizations: Reuters, Oaks, Corp, Brigade Capital Management, Avanda Investment Management, Onex, Seven, Citi, Wells, Wells Fargo Securities, Nomura, JonesTrading Institutional Services, Seven Oaks Locations: Wells Fargo
'Meme stock' rally pauses, Redditors focus on biotech stocks
  + stars: | 2021-06-14 | by ( Reuters Staff | ) sentiment -0.99   time to read: +1 min
Slideshow ( 2 images )(Reuters) - Small-time stock traders turned their attention to the biotech and healthcare sectors on Monday, lifting shares of some by as much as 10%, while the rally in stocks that were favored in recent weeks appeared to fade. Video game retailer GameStop Corp and cinema operator AMC Entertainment, which were at the center of the so-called “meme stock” rally this year, have seen their share price soar more than 1,100% since the end of December. AMC shares were up 3.5% in early deals after jumping more than 300% in the past three weeks. GameStop shares rose 1.1%, while Vaxart was up 1.6%. The company - which has a short interest of 18.25% of free float, according to Refinitiv data - was the top trending stock on Stocktwits, with a 26.9% jump in message volume.
Persons: Vaxart Organizations: Novavax Inc, Vaxart Inc, COVID, GameStop Corp, AMC Entertainment, AMC, GameStop, Corsair Gaming Inc Locations: U.S
UK shopper numbers down 6.7% last week vs previous week - Springboard
  + stars: | 2021-06-14 | by ( Reuters Staff | ) sentiment -1.00   time to read: 1 min
FILE PHOTO: A shopper walks down the street in London, Britain December 18, 2020. REUTERS/Hannah MckayLONDON (Reuters) - Shopper numbers across Britain fell 6.7% in the week to June 12 compared with the previous week, researcher Springboard said on Monday. It said footfall was down 18.4% compared with the same week in 2019, before the pandemic started to disrupt traffic.
Persons: Hannah Mckay LONDON, footfall Organizations: REUTERS, Britain Locations: London, Britain
India's Adani group says report on freeze on foreign funds wrong
  + stars: | 2021-06-14 | by ( Reuters Staff | ) sentiment -1.00   time to read: 1 min
The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. REUTERS/Amit Dave/FilesCHENNAI (Reuters) - India’s Adani Enterprises Ltd said on Monday that media reports about freezing of accounts of three foreign funds which had invested in the group companies were “blatantly erroneous.”The company said it had an e-mail from the “Registrar and Transfer Agent” dated 14th June saying “that the Demat Account in which the aforesaid funds hold the shares of the company were not frozen.”
Persons: Amit Dave, , Organizations: Adani, REUTERS, CHENNAI, Adani Enterprises Locations: Ahmedabad, India
FILE PHOTO: A Moody's sign on the 7 World Trade Center tower is photographed in New York August 2, 2011. REUTERS/Mike SegarLONDON (Reuters) - Israel’s parliament approving a new government marks the end of a protracted political deadlock and will allow for the passage of a new budget - a positive for the country’s credit rating, ratings agency Moody’s said on Monday. On Sunday, parliament approved by a razor-thin majority of 60-59 a new administration led by Naftali Bennett, bringing Benjamin Netanyahu’s 12 years in office to an end. “Although this is likely to result in a fragile and potentially short-lived government, we expect the lack of ideological cohesion to increase incentives to focus primarily on economic policies rather than more divisive issues,” Moody’s analysts said in a research note. “The passage of a new budget will be key to gaining greater visibility on the medium-term fiscal policy outlook after the weakening we have observed in Israel’s fiscal policy effectiveness in recent years, in part because of the polarised political environment.”Moody’s rates Israel at A1 with a stable outlook.
Persons: Mike Segar, Moody’s, Naftali Bennett, Benjamin Netanyahu’s, Organizations: Trade, REUTERS, Mike Segar LONDON Locations: New York, Israel
Sterling takes British reopening delay in its stride
  + stars: | 2021-06-14 | by ( Reuters Staff | ) sentiment -0.93   time to read: +2 min
Sterling, which has been one of the best performing currencies in 2021 as investors bet on a strong British economic rebound, hovered just below recent highs. Against the dollar it dipped 0.1% to $1.4093, while the euro was 0.2% stronger versus the pound at 85.94 pence . ING analysts said the delay was expected and that investors were more focused on economic data. Britain’s relatively rapid COVID-19 vaccination rollout and signs of a strong economic rebound have bolstered sterling in recent months and encouraged investors to bring forward their expectations for some limited monetary tightening. The BoE gathers for its next policy meeting on June 24.
Persons: Sterling, Boris Johnson, , Andrew Bailey, BoE, Tommy Wilkes, Alexander Smith Organizations: Britain, Sterling, ING, Bank of England Locations: COVID
(Reuters) -European shares hit a record high on Monday as investors bet on global central banks sticking to an accommodative stance on monetary policy even as the post-pandemic economic recovery gathers pace. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 11, 2021. REUTERS/StaffThe pan-European STOXX 600 was up 0.3% after ending Friday with its fourth consecutive weekly gain. “If central banks start to lay out a path that involves a withdrawal of stimulus, markets could get spooked. British outsourcer Serco Group jumped 3.8% after raising its 2021 profit outlook on expectations of stronger demand for its COVID-19 services.
Persons: Germany’s DAX, , Michael Hewson, Christine Lagarde Organizations: Reuters, REUTERS, Staff, European Central Bank, U.S, , CMC, Serco, Philips Locations: Frankfurt, Germany, U.S . Federal
PKO hopes to return to dividend payments, says new CEO
  + stars: | 2021-06-14 | by ( Reuters Staff | ) sentiment -0.99   time to read: +2 min
WARSAW, June 14 (Reuters) - Polish bank PKO BP wants to return to regular dividend payments and will stick to its plan to offer Swiss-franc mortgage holders settlements, its new chief executive told the Parkiet daily in an interview published on Monday. Rosciszewski said that PKO BP would stick to its plan to offer Swiss-franc mortgage holders settlements. The PKO BP settlement plan is worth 6.7 billion zloty ($1.8 billion). “Our goal is to make PKO BP a wholesaler of insurance sales - in terms of financial products, health, life and property or motor insurance,” he said. The new CEO said he currently had no plans for mergers and acquisitions but would explore opportunities as they arose.
Persons: Jan Emeryk Rosciszewski, Zbigniew Jagiello, , ” Rosciszewski, Rosciszewski, , PKO, Pawel Florkiewicz, Alan Charlish, Jon Boyle Organizations: WARSAW, Swiss, Supervision Authority, BP Locations: Polish
S.Korean stocks edge up to end at record high, Fed meeting in focus
  + stars: | 2021-06-14 | by ( Reuters Staff | ) sentiment -1.00   time to read: +2 min
** Both the Korean won and the benchmark bond yield fell. ** Foreigners were net sellers of 24.8 billion won ($22.21 million) worth of shares on the main board. ** In money and debt markets, June futures on three-year treasury bonds fell 0.03 point to 110.87. ** The most liquid 3-year Korean treasury bond yield fell by 0.8 basis point to 1.268%. ($1 = 1,116.6500 won) (Reporting by Joori Roh, additional reporting by Jihoon Lee; editing by Uttaresh.V)
Persons: , Seo Sang, 1,116.6500, Joori Roh, Jihoon Lee Organizations: U.S, Korean, Samsung Electronics, SK Hynix, LG Chem, Federal, Market, Mirae Asset Securities Locations: Korea, SEOUL, Korean, U.S, Federal, United States, China
Japanese shares inch higher, Toshiba up after ouster of board directors
  + stars: | 2021-06-14 | by ( Reuters Staff | ) sentiment -0.99   time to read: +2 min
TOKYO, June 14 (Reuters) - Japanese shares rose on Monday as cyclicals such as tyre makers and shippers led gains on global recovery hopes, while Toshiba rose after the company said two of its board directors will retire amid its governance crisis. “Japanese shares are still trailing behind global shares, as earnings recovery is expected to be delayed. Shippers were the top gainers, with Nippon Yusen up 2.3%, followed by tyre makers, among which Bridgestone rose 1.3% and Yokohama Rubber jumped 2.9%. Toshiba gained 2.7% after the conglomerate, which is facing a deepening crisis over corporate governance, said it would change its board director nominees for an upcoming shareholders meeting and its two board directors would retire. Growth-oriented shares outperformed as fall in U.S. bond yields boosted their U.S. peers.
Persons: , Hiroshi Watanabe, Keyence, Kobe Bussan, MUFG, Junko Fujita, Shailesh Kuber Organizations: Toshiba, Nikkei, Nasdaq, Sony Financial Holdings, Nippon Yusen, Bridgestone, Yokohama Rubber, Kobe, U.S, Treasury, Mizuho Financial Group Locations: TOKYO, U.S
French delivery company Colis Privé gets IPO document cleared
  + stars: | 2021-06-14 | by ( Reuters Staff | ) sentiment -0.99   time to read: +1 min
PARIS, June 14 (Reuters) - French parcel delivery company Colis Privé said the country’s markets watchdog had approved its initial public offering (IPO) registration document, marking the first step for a listing on Euronext’s Paris stock exchange. U.S. E-commerce giant Amazon is Colis Privé’s main customer and holds 9.65% of its shares, the French company said. Colis Privé’s full-year revenue grew by 46% in 2020 from a year earlier to 233.8 million euros ($283 million). Earnings before interest, tax, depreciation and amortisation (EBITDA) were up by 94% over the same period to 21.5 million euros. Colis Privé said its first-quarter sales jumped by 58% from a year ago to 64.2 million euros, and it expected underlying sales in France to surge by 25% this year from 2020.
Persons: Colis Privé, Colis Locations: Belgium, Luxemburg, Morocco . U.S, France
German eyewear retailer plans Frankfurt IPO
  + stars: | 2021-06-14 | by ( Reuters Staff | ) sentiment -0.96   time to read: +2 min
The company sells glasses, shades and contact lenses online, working with local opticians for eyesight tests. In 2020, it reported gross profit of 81 million euros on sales of 164 million euros. Mister Spex said it plans to use the proceeds to accelerate its growth strategy, expand internationally and repay a bridge loan facility, as well as invest in technology. Mister Spex is owned by Graber and co-chief executive Mirko Caspar and investors, including Goldman Sachs, DN Capital, Scottish Equity Partners and XAnge. Earlier this year, it attracted 15 million euros in new money on top of a 65 million euro fundraising it closed in autumn of 2020.
Persons: Mister Spex, , Dirk Graber, Mirko Caspar, Goldman Sachs, Jefferies, Bryan Garnier, Commerzbank, Quirin Privatbank, Caroline Copley, Louise Heavens Organizations: Graber, DN Capital, Scottish Equity Partners, Barclays, Berenberg Locations: Frankfurt, Q3 BERLIN, Berlin
RPT-GRAPHIC-Take Five: Fed-flation in focus
  + stars: | 2021-06-14 | by ( Reuters Staff | ) + 0.00   time to read: +4 min
After years of very low inflation, a range of metrics, including the Fed’s preferred core personal consumption expenditures (PCE) price index, are on the rise. The PCE rose 3.8% in the 12-months to May, its largest jump in three decades. The Fed insists consumer price gains will be temporary and that it has the tools to combat an inflationary surge. -ANALYSIS-Job-inflation tradeoff, exiled from Fed policy, could mean a hot summer2/ DEBT DEBUTThe EU will issue its first bond under the 800 billion euro post-pandemic recovery fund, possibly within days. Yet, don’t underestimate the significance: The EU is set to become one of the world’s biggest issuers with 80 billion euros worth of bonds for the recovery fund sold this year.
Persons: Alexander Hamilton, Joe Biden, Tayyip Erdogan, Biden, Vladimir Putin, Putin Organizations: Federal Reserve, PCE, Fed, Treasury, ECB, EU, NATO, Wednesday, hawkish, Bank of New, Kiwi Locations: Europe, United States, China, Beijing, Brussels, Syria, Afghanistan, U.S, Ankara, Washington, Geneva, Ukraine, Bank of New Zealand, New Zealand
FILE PHOTO: The logo of Indonesia's central bank, Bank Indonesia, is seen on a window in the bank's lobby in Jakarta, Indonesia September 22, 2016. REUTERS/Iqro RinaldiAll 26 economists in the poll unanimously expected Bank Indonesia (BI) to hold the benchmark interest rate at 3.50% for a fourth consecutive meeting. Warjiyo has also said the central bank must be prepared for a potential tightening of U.S. monetary policy next year, warning such a move by the Fed could impact local financial markets. Indonesia’s annual inflation rate accelerated to a 5-month high of 1.68% in May, but remained below BI’s 2% to 4% target range. The number of daily new cases has been rising in Indonesia, with Sunday’s 9,868 infections the highest since February.
Persons: Iqro Rinaldi, Perry Warjiyo, Warjiyo, Gareth Leather, , Krystal Tan Organizations: Bank, REUTERS, Bank Indonesia, U.S, Federal, Capital Economics Locations: JAKARTA, Bank Indonesia, Jakarta, Indonesia, COVID
Indian shares fall as Adani stocks weigh; CPI data eyed
  + stars: | 2021-06-14 | by ( Reuters Staff | ) sentiment -1.00   time to read: +1 min
FILE PHOTO: A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, December 11, 2018. REUTERS/Francis Mascarenhas/File PhotoBENGALURU (Reuters) - Indian shares on Monday retreated from record highs hit in the previous session, weighed down by Adani Group stocks, with investors awaiting consumer price inflation data (CPI) for May due later in the day. All Adani Group stocks, including Adani Enterprises Ltd and Adani Ports and Special Economic Zone Ltd, opened sharply lower after the Economic Times reported here that the National Securities Depository Ltd had frozen the accounts of three foreign funds that have a total investment of 435 billion rupees in Adani group companies. Investors now eye the CPI data, with a Reuters poll showing that the country’s retail inflation likely rose last month after a three-month low in April on higher food and energy prices. The central bank has assured that rising inflation will not last long enough to warrant a sooner-than-expected end to easy-money policies.
Persons: Francis Mascarenhas Organizations: REUTERS, Adani Group, BSE Sensex, Adani, Adani Enterprises, Economic, Ltd, Economic Times, National Securities Depository Ltd, Coal India, U.S Locations: Mumbai, India, BENGALURU, COVID, U.S . Federal
Indian shares end higher as Reliance gains; inflation data in focus
  + stars: | 2021-06-14 | by ( Reuters Staff | ) sentiment -1.00   time to read: +2 min
REUTERS/Francis Mascarenhas/File PhotoBENGALURU (Reuters) - Indian shares closed higher on Monday, boosted by conglomerate Reliance Industries Ltd and software major Infosys Ltd, while investors eyed more inflation data due later in the day. The blue-chip NSE Nifty 50 index ended 0.08% higher at 15,811.85, while the benchmark S&P BSE Sensex rose 0.15% to 52,551.53 at close. In Mumbai trading, Reliance Industries and Infosys were among the top performers on the Nifty 50, gaining 1.4% and 0.9%, respectively. Reliance shares have gained in five of the last eight sessions. Limiting gains was top Nifty 50 loser Adani Ports and Special Economic Zone Ltd, which slumped 8.5%.
Persons: Francis Mascarenhas, Lupin Organizations: REUTERS, Reliance Industries Ltd, Infosys Ltd, BSE, Reliance Industries, Infosys, Reliance, Economic, Ltd, National Securities Depository Ltd, Economic Times, Adani Enterprises, U.S . Food, Drug Administration, U.S Locations: Mumbai, India, BENGALURU, U.S, New Jersey, U.S . Federal
TOKYO, June 14 (Reuters) - Japanese shares rose on Monday led by tyre makers and shippers, following the weekend’s solid finish on Wall Street, though gains were capped as investors remained cautions ahead of the U.S. Federal Reserve’s meeting this week. The Nikkei share average gained 0.37% to 29,055.20 by 0203 GMT, after trimming gains of as much as 0.9% earlier in the session. The broader Topix rose 0.19% to 1,957.89. Investors tend to book profits in such an environment,” said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management. Sumitomo Mitsui Financial Group fell 0.2% and Mizuho Financial Group lost 0.77%.
Persons: , Masahiro Ichikawa, Fanuc, Junko Fujita, Shailesh Kuber Organizations: U.S, U.S . Federal, Nikkei, Sumitomo Mitsui DS Asset Management, , , Nasdaq, Bridgestone, Yokohama, Toyo Tire, Shipping, Nippon, Mitsui OSK Lines, Treasury, Sumitomo Mitsui Financial Group, Mizuho Financial, Toshiba, Nintendo, Itochu Locations: TOKYO, U.S ., Japan, Asia, ” U.S
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