Sunday, 29 Nov 2020

Economy

TREASURIES-Yields steady as risk appetite improves

CHICAGO, June 29 (Reuters) – U.S. Treasury yields hovered around the unchanged mark on Monday as stocks opened higher following last week’s selloff amid a surge in coronavirus cases. The benchmark 10-year yield was flat at 0.6381%. The global death toll from COVID-19 surpassed half a million people on Sunday, according to a Reuters tally, […]

UPDATE 1-Malawi names former insurance executive as finance minister

(Adds details, background) BLANTYRE, June 29 (Reuters) – Former insurance executive Felix Mlusu was named Malawi’s new finance minister on Monday, a week after a re-run presidential election that unseated the incumbent. Mlusu, 69, was managing director of Nico Holdings Plc – a listed financial firm with interests in insurance, banking and property management across […]

Top Lebanese negotiator with IMF to quit-report

BEIRUT, June 29 (Reuters) – A senior Lebanese finance ministry official who is part of a negotiating team with the International Monetary Fund will announce his resignation as director general of the ministry on Monday, Lebanese broadcaster al-Jadeed reported. Alain Bifani is due to hold a news conference later on Monday to announce his decision, […]

Vietnam's economy unexpectedly expands in Q2 amid Covid-19 outbreak

HANOI (BLOOMBERG) – Vietnam’s economy unexpectedly grew in the second quarter, though at the slowest pace in at least a decade, as exports slumped because of the coronavirus pandemic. Gross domestic product rose 0.36 per cent from a year earlier, compared with a revised 3.68 per cent in the first quarter, the General Statistics Office […]

UPDATE 2-Bund yields hit one-month low before an uncertain weekend

* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates prices) By Yoruk Bahceli AMSTERDAM, June 26 (Reuters) – German 10-year yields hit a one-month low on Friday, as the coronavirus pandemic and geopolitical tensions boosted demand for safe-haven bonds going into the weekend. The governor of Texas paused the state’s reopening as COVID-19 infections and […]

U.S. lawmakers move to fight Treasury bid to curtail pandemic watchdog

WASHINGTON, June 26 (Reuters) – A clutch of powerful U.S. Senators is pushing back against a bid by the Trump administration’s Treasury Department to weaken a watchdog panel involved with overseeing $2.4 trillion in pandemic aid, according to three congressional aides. The effort to reinforce the authority of the Pandemic Response Accountability Committee (PRAC) is […]

PRESS DIGEST- Wall Street Journal – June 26

June 26 (Reuters) – The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. – Texas paused reopening plans on Thursday, as new coronavirus cases and hospitalisations increased in many U.S. states, and a government estimate showed more than 20 million […]

Mexican airline Aeromexico says will double domestic flights in July

June 25 (Reuters) – Mexican airline Aeromexico said on Thursday that in July it will operate twice as many domestic flights as it did in June and expects to increase its international operations four-fold over the same time. Aeromexico said last week it was analyzing its options for an orderly restructuring of its short- and […]

UPDATE 1-Proxy advisor Glass Lewis calls on Daimler investors to abstain from vote on boards

(Adds details on recommendation change) FRANKFURT, June 25 (Reuters) – Proxy advisor Glass Lewis on Thursday recommended Daimler shareholders abstain from this year’s vote over the business conduct of the carmaker’s executive and non-executive boards, citing ongoing investigations. Glass Lewis reports show that the advisory firm had previously recommended casting a vote of no confidence […]