The U.S. has crossed the milestone of 600,000 dead from COVID-19, even as the country begins to return to normalVIEW MORE
MARKETS & FINANCE NEWS
WASHINGTON U.S. retail sales fell more than expected in May, with spending rotating back to services from goods as vaccinations allow Americans to travel and engage in other activities that had been restricted by the COVID-19 pandemic.
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JUN 14 2021
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REGIONAL MARKETS NEWS
UNITED STATES
EUROPE & MIDDLE EAST
ASIA PACIFIC
N.Y. Fed's Empire State manufacturing business index declines in June
The New York Federal Reserve said on Tuesday its barometer on manufacturing business activity in New York state declined for a second consecutive month in June.
8:47AM EDT
METALS-Copper hits 7-week low as funds, traders cut long positions
Copper prices slid to seven-week lows on Tuesday as traders and funds cut bets on higher prices due to growing nervousness that top consumer China would soon move to curb further price rises.
8:40AM EDT
UPDATE 1-World Bank calls on Nigeria to make forex system clear, NAFEX rate key
The World Bank urged Nigeria to provide a clearer and more predictable foreign exchange management system on Tuesday, suggesting that its response to Abuja's request for a $1.5 billion loan would be linked to how the issue was handled.
8:39AM EDT
WRAPUP 1-U.S. retail sales fall in May; producer prices increase
U.S. retail sales fell more than expected in May, with spending rotating back to services from goods as vaccinations allow Americans to travel and engage in other activities that had been restricted by the COVID-19 pandemic.
8:38AM EDT
RPT-Deutsche Bank set for $1 bln windfall from shipping co bets -Bloomberg
Deutsche Bank is on course to make up to $1 billion on a long-shot bet on Israeli shipping firm Zim after it surged in value on the back of record-high global freight rates, Bloomberg reported on Tuesday. https://bit.ly/2SzbMqt
8:35AM EDT
UPDATE 1-Sterling slips to one-month low versus dollar
* Graphic: Trade-weighted sterling since Brexit vote http://tmsnrt.rs/2hwV9Hv (Recasts, adds comment to explain latest move)
8:21AM EDT
Social network Doximity targets $4 bln valuation in U.S. IPO
Doximity Inc, a social network for doctors, is looking to raise up to $536 million through a U.S. initial public offering, targeting a valuation of about $4 billion, according to a regulatory filing on Tuesday. (Reporting by Sohini Podder in Bengaluru; Editing by Ramakrishnan M.)
8:04AM EDT
PRECIOUS-Gold holds tight range as markets await Fed cues
* Platinum, silver shed nearly 1%, palladium ticks up (Updates prices, adds comment)
7:55AM EDT
UPDATE 2-Atlantia to reward investors after sealing Autostrade deal
* Benetton family will not tender shares in buyback (Adds detail and Benettons' statement)
7:46AM EDT
REFILE-FOREX-Fed uncertainty fuels cautious dollar trades
The dollar stabilised near multi-week highs on Tuesday as traders turned cautious ahead of the Federal Reserve's two-day policy meeting, which could potentially provide hints of plans to start tapering its bond purchases. So far Fed officials, l
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