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In his keynote speech, Federal Reserve Chair Jerome Powell warned that policy rates must rise and then stay high for some time, echoing a series of statements earlier in the day from his Fed colleagues that rates must become restrictive until prices begin to cool. Bullard Says Rates Working With Shorter Lags (9:40 a.m.) The Federal Reserve's rate hikes are working at shorter lags than in the past, said St. Louis Fed President James Bullard. Keywords: ALLTOP; BON; BUSINESS; COS; FIN; GLOBALMACR; GOV; INDUSTRIES; MARKETS; NORTHAM; REL; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPAS; WWTOPEU EN ALLTOP BON BUSINESS COS FIN GLOBALMACR GOV INDUSTRIES MARKETS NORTHAM REL TOP US WORLD WWTOP WWTOPAM WWTOPAS WWTOPEU RH88WMT1UM0X (Bloomberg) -- The number of hours worked per employee is at least as important a data point for policy makers as the employment rate, because it's a barometer of who's entering the workforce, according to a research paper presented to policy makers at Jackson Hole. [Extracted from the article]

Keywords: ALLTOP; BON; BUSINESS; COS; FIN; GLOBALMACR; GOV; INDUSTRIES; MARKETS; NORTHAM; REL; US; WORLD; WWTOP EN ALLTOP BON BUSINESS COS FIN GLOBALMACR GOV INDUSTRIES MARKETS NORTHAM REL US WORLD WWTOP RH88WMT1UM0X The findings in the paper are relevant for central banks as they project labor-market dynamics into the future when assessing and implementing policy, the authors said. In his keynote speech, Federal Reserve Chair Jerome Powell warned that policy rates must rise and then stay high for some time, echoing a series of statements earlier in the day from his Fed colleagues that rates must become restrictive until prices begin to cool. Bullard Says Rates Working With Shorter Lags (9:40 a.m.) The Federal Reserve's rate hikes are working at shorter lags than in the past, said St. Louis Fed President James Bullard. [Extracted from the article]

SBI Pension Funds Pvt., which manages $50 billion in assets, is considering investing in corporate and state debt due to the narrowing spreads on longer-maturity Indian government bonds. The fund's chief investment officer, Sandeep Pandey, expressed concern that the lack of term premium for longer-dated securities could impact returns for subscribers. Demand for longer-tenor papers has increased, leading to a compression in the spread between 10-year and 30-year bonds. The fund currently holds a portfolio of about one trillion rupees in corporate paper and 2.5 trillion rupees in sovereign and state debt. [Extracted from the article]

According to a survey by Bank of America Corp., concerns about a systemic credit event are increasing among fund managers due to issues in global property markets. About one in six respondents consider this to be the biggest risk facing markets, up from one in eleven in December. The disquiet is particularly focused on US commercial real estate and Chinese property markets. The Federal Reserve's potential interest rate cuts to alleviate pressure on real estate have been hindered by higher-than-expected inflation numbers. Smaller banks are at risk of default rates in their commercial real estate loan books, while larger banks are considered more stable. A 10% default rate on commercial real estate loans could result in $80 billion in additional bank losses, leaving over 300 smaller regional banks at risk of solvency runs. The Federal Reserve is working with lenders to address expected losses, and regulators are ensuring that loan-loss reserves and liquidity levels are sufficient. The survey found that nearly 40% of fund managers see US commercial real estate as the most likely source of a credit event, while 22% see Chinese real estate as the biggest threat. The turmoil has also affected German lenders with exposure to US commercial real estate. [Extracted from the article]

Donald Trump's media startup, Trump Media & Technology Group, is set to go public through a deal with Digital World Acquisition Corp (DWAC), a special purpose acquisition company (SPAC). If approved, the deal will make several insiders, including management, sponsors, and former associates, wealthy on paper. DWAC's stock has seen a significant gain this year, leaving room for further equity-based rewards. Trump himself stands to reap billions of dollars from the deal. However, there are challenges, including a lock-up period and the company's struggle to generate profit. [Extracted from the article]

Keywords: RFP; AGR; ALLTOP; BASIC; BLD; BUSINESS; CMD; COS; INDUSTRIES; MARKETS; TOP; WWTOP; WWTOPAM EN RFP AGR ALLTOP BASIC BLD BUSINESS CMD COS INDUSTRIES MARKETS TOP WWTOP WWTOPAM Company cites financial losses, "production upsets" R47VMHDWRGG3 (Bloomberg) -- Resolute Forest Products Inc. said it will idle its pulp and paper operations at a Tennessee mill because of "significant financial losses", the latest in a series of production shutdowns in the industry that has dented supplies across North America. "The company continues to accumulate significant financial losses at the mill, even with the current strong market conditions for both the pulp and uncoated freesheet paper it manufactures", according to the statement. [Extracted from the article]

Short sellers experienced significant losses in 2023, despite finding success in regional banks and vaccine makers. First Republic Bank and Moderna Inc. were the most profitable short wagers, earning short sellers $1.6 billion and $1.1 billion respectively. However, short sellers suffered major losses betting against technology firms, with Tesla Inc. causing the most pain with $12.2 billion in losses. Overall, short sellers ended the year with paper losses of nearly $195 billion, offsetting gains from the previous year's market rout. While short sellers faced challenges, there were also profitable short positions in various sectors. [Extracted from the article]

Many central banks, including the Fed, have adopted a 2% inflation target in recent decades. Keywords: 13347Z; BSFO; ALLTOP; BON; BUSINESS; COS; FIN; GLOBALMACR; GOV; INDUSTRIES; MARKETS; NORTHAM; REL; US; WORLD; WWTOP EN 13347Z BSFO ALLTOP BON BUSINESS COS FIN GLOBALMACR GOV INDUSTRIES MARKETS NORTHAM REL US WORLD WWTOP RH8KI3T1UM10 "I think 2% inflation was too low a target. [Extracted from the article]

Keywords: 13347Z; BSFO; ALLTOP; BON; BUSINESS; COS; FIN; FRX; GLOBALMACR; GOV; INDUSTRIES; MARKETS; NORTHAM; REL; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPAS; WWTOPEU EN 13347Z BSFO ALLTOP BON BUSINESS COS FIN FRX GLOBALMACR GOV INDUSTRIES MARKETS NORTHAM REL TOP US WORLD WWTOP WWTOPAM WWTOPAS WWTOPEU RH8JZAT0AFB5 "I want to push back on your conclusion that "running the economy hot" entails significant risks", Kashkari said to International Monetary Fund First Deputy Managing Director Gita Gopinath, who made the assertion as a panel participant. In his keynote speech Friday, Fed Chair Jerome Powell warned that policy rates must rise and then stay high for some time, echoing a series of statements earlier in the day from his colleagues that rates must become restrictive until prices begin to cool. Bullard Says Rates Working With Shorter Lags (9:40 a.m.) The Federal Reserve's rate hikes are working at shorter lags than in the past, said St. Louis Fed President James Bullard. [Extracted from the article]

(All times New York) Furman Says Fed Should Raise Inflation Goal (3:02 p.m.) The Fed and other central banks should consider declaring victory on their price-stability goals once inflation returns to 3%, Harvard economics professor Jason Furman said Friday during the Fed's annual conference in Jackson Hole, Wyoming. In his keynote speech Friday, Fed Chair Jerome Powell warned that policy rates must rise and then stay high for some time, echoing a series of statements earlier in the day from his colleagues that rates must become restrictive until prices begin to cool. Many central banks, including the Fed, have adopted a 2% inflation target in recent decades. [Extracted from the article]

The Biden administration is planning to award approximately $6.3 billion in grants to help industries reduce their carbon emissions. The grants will be given to sectors such as cement, glass, chemicals, metals, and pulp and paper, which account for a significant portion of US emissions. The funding aims to support the transition to lower-carbon technologies in these industries, which is crucial for the administration's goal of cutting greenhouse gas emissions by 50% by 2030 and achieving net-zero emissions by mid-century. The Department of Energy will be responsible for distributing the grants, and details on the projects that will receive funding are expected to be announced soon. [Extracted from the article]

Donald Trump's media startup, Trump Media & Technology Group, is set to go public through a deal with Digital World Acquisition Corp (DWAC), a special purpose acquisition company (SPAC). If approved, the deal will benefit insiders, management, sponsors, and former associates who sued to block the deal, potentially earning them millions of dollars. DWAC's stock has seen a 130% gain this year, and if it continues to perform well, Trump could earn $3.4 billion. However, there are caveats, including a lock-up period for management and the company's struggle to generate profit. [Extracted from the article]

Cisco Systems Inc. has made its largest diversification effort to date with the $28 billion acquisition of Splunk Inc. This move also marks a historic shift for Cisco, as it transitions to a net debt capital position in order to support growth and shareholder returns. The acquisition was funded through a combination of cash, commercial paper, and long-term debt, including $13.5 billion in bonds. Cisco plans to focus on disciplined capital allocation and investments in growth, rather than prioritizing debt reduction. The company has committed to spending $5 billion per year on share buybacks and $6.5 billion per year on dividend payments. Cisco's decision to take on debt is a departure from its previous net cash position, which it held for three decades. The company's CFO, Scott Herren, stated that the decision to reduce debt will depend on factors such as monetary policy and cash holdings. Cisco's integration of Splunk will focus on boosting revenue and the development of combined products. The acquisition will also help Cisco expand its capabilities in artificial intelligence and increase its recurring revenue. [Extracted from the article]

%USD, ALLTOP, BUSINESS, FRX, GLOBALMACR, GOV, MARKETS, NORTHAM, TOP, US, WORLD, GOVTOP RH8O1MT0G1KZ (Bloomberg) -- The Federal Reserve won't be able to curb inflationary pressures because they are rooted in expansionary fiscal policy, according to a paper presented at the central bank's annual Jackson Hole conference on Saturday. Keywords: %USD; ALLTOP; BUSINESS; FRX; GLOBALMACR; GOV; GOVTOP; MARKETS; NORTHAM; TOP; US; WORLD EN %USD ALLTOP BUSINESS FRX GLOBALMACR GOV GOVTOP MARKETS NORTHAM TOP US WORLD The Federal Reserve won't be able to curb inflationary pressures because they are rooted in expansionary fiscal policy, according to a paper presented at the central bank's annual Jackson Hole conference on Saturday. [Extracted from the article]

Keywords: KMB; ALLTOP; BUSINESS; CMD; CONS; COS; INDUSTRIES; TOP; WWTOP; WWTOPAM EN KMB ALLTOP BUSINESS CMD CONS COS INDUSTRIES TOP WWTOP WWTOPAM Kimberly-Clark Corp.'s shares fell after the maker of household supplies missed Wall Street's earnings expectations for the second quarter and trimmed its annual forecast, saying inflationary pressures and falling toilet paper demand are hurting results. KMB, ALLTOP, BUSINESS, CMD, CONS, COS, INDUSTRIES, TOP, WWTOP, WWTOPAM. [Extracted from the article]

Canadian investors purchased a record amount of foreign securities, totaling C$29.4 billion ($21.8 billion), in December of last year. This marks the largest net outflow of purchases into foreign stocks and bonds since 1988. The surge in investment was driven by Canadian investors' demand for US large-cap technology shares and investment fund shares tracking broad US equity market indexes. Additionally, Canadian investment in non-US shares, particularly European equities, also contributed to the record. Conversely, foreigners showed less interest in Canadian equities but increased their investment in Canadian debt, particularly federal government bonds and money market paper. [Extracted from the article]

Amazon economists Francesco Furno and Domenico Giannone have developed a new model to identify recessions in real-time. Their measure, based on real-economy activity and financial conditions, can provide a reading for a given month on the first business day of the next one. The researchers have created separate versions for the US and Europe, although their paper does not indicate whether either economy is currently in a recession. Their method is designed to be more timely than official indicators, which often declare a recession months after it has begun. [Extracted from the article]

Keywords: KMB; ALLTOP; BUSINESS; CONS; COS; INDUSTRIES; TOP; WWTOP; WWTOPAM EN KMB ALLTOP BUSINESS CONS COS INDUSTRIES TOP WWTOP WWTOPAM Kimberly-Clark Corp.'s shares fell after the maker of household supplies missed Wall Street's expectations for second-quarter earnings and trimmed its annual forecast, saying inflationary pressures and slowing toilet paper demand are hurting results. KMB, ALLTOP, BUSINESS, CONS, COS, INDUSTRIES, TOP, WWTOP, WWTOPAM. [Extracted from the article]

Keywords: KMB; ALLTOP; BUSINESS; CONS; CONSS; COS; INDUSTRIES; WWTOP EN KMB ALLTOP BUSINESS CONS CONSS COS INDUSTRIES WWTOP Kimberly-Clark Corp.'s shares fell after the maker of household supplies missed Wall Street's expectations for second-quarter earnings and trimmed its annual forecast, saying inflationary pressures and slowing toilet paper demand are hurting results. Kimberly-Clark's consumer tissue business faced a tough comparison from last year's spike, with quarterly sales tumbling 13%. [Extracted from the article]

Keywords: 3354817ZSP; ALLTOP; ASIA; AU; BUSINESS; CHINA; CONS; CONSD; CONSS; CORONAVIR; COS; DRG; EUROPE; EXE; GEN; GER; GOV; HEA; HK; INDIA; INDUSTRIES; IRAN; JAPAN; LATAM; LIFESTYLE; MEX; MIDEAST; NORTHAM; RUSSIA; SPORTS; TRAVEL; UK; US; WORLD; WWTOP EN 3354817ZSP ALLTOP ASIA AU BUSINESS CHINA CONS CONSD CONSS CORONAVIR COS DRG EUROPE EXE GEN GER GOV HEA HK INDIA INDUSTRIES IRAN JAPAN LATAM LIFESTYLE MEX MIDEAST NORTHAM RUSSIA SPORTS TRAVEL UK US WORLD WWTOP (Bloomberg) -- Tennis star Novak Djokovic may be able to stay in Australia and contest another Grand Slam victory after a court quashed the cancellation of his visa on Covid grounds. Deltacron Variant Is No Error (8:12 a.m. HK) A Cypriot scientist defended his assertion that a new strain of Covid-19 exists that combines characteristics of the delta and omicron variants. Ireland Said to Consider Mandatory Vaccination (3:08 p.m. HK) Irish health officials are set to consider mandatory vaccination against Covid-19, with a paper being prepared on the legal and ethical aspects, the Irish Times reported, citing unidentified people familiar with the matter. [Extracted from the article]

Hank Medina, a former investment banker at Deutsche Bank and Jefferies Financial Group, is the creator of the popular social media account @Litquidity, which posts viral memes mocking the financial sector. Medina, a Cornell University graduate, has gained over a million followers on Instagram and X. He has monetized his social media success by charging followers $1,000 for hour-long phone calls and has also started a venture capital firm called Litquidity Capital. In 2022, he joined Bain Capital Ventures as a scout. [Extracted from the article]

The UK committee advising on financial law has stated that pension trustees may consider climate change when making investment decisions, addressing concerns that this could be a breach of fiduciary duty. The committee emphasized that trustees are required to make careful decisions and should consider factors such as climate change that may not be reflected in market prices. While the guidance is aimed at pension funds, it is also relevant for legal advisers, investment consultants, fund managers, and insurers. The committee's findings are not legally binding, but ESG investors in the UK have welcomed the announcement and called for their incorporation into financial market regulation and monitoring. [Extracted from the article]

Keywords: 1000L; ALLTOP; BUSINESS; COS; EXE; GEN; GENTOP; GLOBALMACR; GOV; GOVTOP; LAW; NORTHAM; POL; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPAS EN 1000L ALLTOP BUSINESS COS EXE GEN GENTOP GLOBALMACR GOV GOVTOP LAW NORTHAM POL TOP US WORLD WWTOP WWTOPAM WWTOPAS The U.S. Supreme Court cleared the way for some of former President Donald Trump's White House papers to be turned over to a congressional panel investigating the Jan. 6 Capitol attack. R5ZJ8CDWX2PS (Bloomberg) -- The U.S. Supreme Court cleared the way for some of former President Donald Trump's White House papers to be turned over to a congressional panel investigating the Jan. 6 Capitol attack. "This harm would not only befoul President Trump's interests in maintaining the confidentiality of his presidential records, but the harm would extend to future presidents as well", Trump's lawyers argued. [Extracted from the article]

Keywords: 13347Z; BSFO; ALLTOP; BON; BUSINESS; COS; FIN; FRX; GLOBALMACR; GOV; INDUSTRIES; MARKETS; NORTHAM; REL; US; WORLD; WWTOP EN 13347Z BSFO ALLTOP BON BUSINESS COS FIN FRX GLOBALMACR GOV INDUSTRIES MARKETS NORTHAM REL US WORLD WWTOP RH8NO3T1UM0X "We are in a period where inflation is likely to be high for a while, at least for another year or two", IMF First Deputy Managing Director Gita Gopinath said in an interview on Bloomberg Television. In his keynote speech Friday, Fed Chair Jerome Powell warned that policy rates must rise and then stay high for some time, echoing a series of statements earlier in the day from his colleagues that rates must become restrictive until prices begin to cool. Furman Says Fed Should Raise Inflation Goal (3:02 p.m.) The Fed and other central banks should consider declaring victory on their price-stability goals once inflation returns to 3%, Harvard economics professor Jason Furman said Friday during the Fed's annual conference in Jackson Hole, Wyoming. [Extracted from the article]

The inverse relationship between emerging-market currencies and their volatility has broken down, causing traders to be trapped in losing positions. This is due to a lack of currency rallies despite low volatility. The impasse is caused by uncertainty about when the Federal Reserve will cut interest rates, which has frozen investors and reduced volatility. Carry trades, where investors borrow in low-interest-rate environments to buy assets with higher returns, are also performing poorly. Emerging currencies and their implied volatility have historically had a negative correlation, but this trend has reversed. Investors are now switching to funding with Swiss franc and Japanese yen and investing in dollar assets. Some emerging economies have started cutting rates, putting pressure on their currencies. However, bets on emerging-market debt are expected to work better when the US rate path becomes clearer. [Extracted from the article]

Keywords: ENR@GR; GAZP@RM; SIE@GR; ALLTOP; BUSINESS; CANADA; CMD; COS; CST; ELQ; EUROPE; EURTOP; GER; INDUSTRIAL; INDUSTRIES; MAC; MARKETS; NORTHAM; NRG; NRGTOP; OIL; RUSSIA; WORLD; WWTOP; WWTOPEU EN ENR@GR GAZP@RM SIE@GR ALLTOP BUSINESS CANADA CMD COS CST ELQ EUROPE EURTOP GER INDUSTRIAL INDUSTRIES MAC MARKETS NORTHAM NRG NRGTOP OIL RUSSIA WORLD WWTOP WWTOPEU (Bloomberg) - Gazprom PJSC requested Siemens for documents that will allow the return of a gas turbine crucial for Nord Stream pipeline after its maintenance in Canada. Canada issued a permit to export the sanctioned equipment to Germany, with the measure also extending to other Nord Stream turbines that will need maintenance in Canada. [Extracted from the article]

Yet the benefits far outweigh the consequences for HR departments because these platforms are run by external companies that navigate compliance matters while insulating companies from potential documentation. Keywords: JPM; SBUX; ALLTOP; BUSINESS; COS; GEN; GENDER; HEA; INDUSTRIES; SVC; TOP; WWTOP; WWTOPAM EN JPM SBUX ALLTOP BUSINESS COS GEN GENDER HEA INDUSTRIES SVC TOP WWTOP WWTOPAM Companies' new benefits for travel expenses around pregnancy terminations are creating concerns over legal and privacy risks, but their human resource departments are finding workarounds. [Extracted from the article]

Keywords: ALLTOP; BRAZIL; BUSINESS; COS; DRG; ELECT; GEN; GOV; HEA; INDUSTRIES; LATAM; MARKETS; POL; WORLD; WWTOP EN ALLTOP BRAZIL BUSINESS COS DRG ELECT GEN GOV HEA INDUSTRIES LATAM MARKETS POL WORLD WWTOP President Jair Bolsonaro insisted that the outcome of next year's elections won't be credible after lawmakers turned down his proposal to add paper ballots to Brazil's electronic voting system, escalating political tensions 14 months ahead of the presidential vote. Following in the footsteps of former U.S. President Donald Trump, Bolsonaro has been sowing doubt about the integrity of both the country's voting system and the electoral authority. [Extracted from the article]

Keywords: 1297266D; ALLTOP; ASIA; AU; BUSINESS; CATOP; COS; EUROPE; EXE; GEN; GENTOP; GER; GOV; HEA; HEATOP; INDIA; INDUSTRIES; JAPAN; LIFESTYLE; NORTHAM; PURSUITS; SCIENCE; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPAS; WWTOPEU EN 1297266D ALLTOP ASIA AU BUSINESS CATOP COS EUROPE EXE GEN GENTOP GER GOV HEA HEATOP INDIA INDUSTRIES JAPAN LIFESTYLE NORTHAM PURSUITS SCIENCE TOP US WORLD WWTOP WWTOPAM WWTOPAS WWTOPEU New research indicates that even those who are inoculated can carry enough of the virus to be infectious, the New York Times reported, citing the Centers for Disease Control and Prevention. U.S. Imposes Mask Mandate for Federal Workers (4:03 p.m. NY) President Joe Biden will require federal workers to prove they've been vaccinated against Covid-19 or wear masks and submit to frequent coronavirus testing as the delta variant causes cases to spike. [Extracted from the article]

U.S. Imposes Mask Mandate for Federal Workers (4:03 p.m. NY) President Joe Biden will require federal workers to prove they've been vaccinated against Covid-19 or wear masks and submit to frequent coronavirus testing as the delta variant causes cases to spike. Keywords: 1297266D; ALLTOP; ASIA; AU; BUSINESS; CATOP; COS; EUROPE; EXE; GEN; GENTOP; GER; GOV; HEA; HEATOP; INDIA; INDUSTRIES; JAPAN; LIFESTYLE; NORTHAM; PURSUITS; SCIENCE; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPAS; WWTOPEU EN 1297266D ALLTOP ASIA AU BUSINESS CATOP COS EUROPE EXE GEN GENTOP GER GOV HEA HEATOP INDIA INDUSTRIES JAPAN LIFESTYLE NORTHAM PURSUITS SCIENCE TOP US WORLD WWTOP WWTOPAM WWTOPAS WWTOPEU New research indicates that even those who are inoculated can carry enough of the virus to be infectious, the New York Times reported, citing the Centers for Disease Control and Prevention. [Extracted from the article]

Keywords: 1297266D; ALLTOP; ASIA; AU; BUSINESS; COS; EUROPE; EXE; GEN; GER; GOV; HEA; INDIA; INDUSTRIES; JAPAN; LIFESTYLE; NORTHAM; PURSUITS; SCIENCE; US; WORLD; WWTOP EN 1297266D ALLTOP ASIA AU BUSINESS COS EUROPE EXE GEN GER GOV HEA INDIA INDUSTRIES JAPAN LIFESTYLE NORTHAM PURSUITS SCIENCE US WORLD WWTOP New research indicates that even those who are inoculated can carry enough of the virus to be infectious, the New York Times reported, citing the Centers for Disease Control and Prevention. U.S. Imposes Mask Mandate for Federal Workers (4:03 p.m. NY) President Joe Biden will require federal workers to prove they've been vaccinated against Covid-19 or wear masks and submit to frequent coronavirus testing as the delta variant causes cases to spike. [Extracted from the article]

U.S. Imposes Mask Mandate for Federal Workers (4:03 p.m. NY) President Joe Biden will require federal workers to prove they've been vaccinated against Covid-19 or wear masks and submit to frequent coronavirus testing as the delta variant causes cases to spike. Keywords: 1297266D; ALLTOP; ASIA; AU; BUSINESS; COS; EUROPE; EXE; GEN; GER; GOV; HEA; INDIA; INDUSTRIES; JAPAN; LIFESTYLE; NORTHAM; PURSUITS; SCIENCE; US; WORLD; WWTOP EN 1297266D ALLTOP ASIA AU BUSINESS COS EUROPE EXE GEN GER GOV HEA INDIA INDUSTRIES JAPAN LIFESTYLE NORTHAM PURSUITS SCIENCE US WORLD WWTOP New research indicates that even those who are inoculated can carry enough of the virus to be infectious, the New York Times reported, citing the Centers for Disease Control and Prevention. [Extracted from the article]

The Federal Reserve's battle to bring inflation under control will likely cause more harm to the US and world economy than is currently appreciated, according to a pair of papers set for presentation at a renowned economic conference this week. [ABSTRACT FROM AUTHOR]

Keywords: PBCZ@CH; ALLTOP; ASIA; ASIATOP; BUSINESS; CHINA; CORONAVIR; ECOTOP; FRX; GLOBALMACR; GOV; MARKETS; TOP; WORLD; WWTOP; WWTOPAS; WWTOPEU EN PBCZ@CH ALLTOP ASIA ASIATOP BUSINESS CHINA CORONAVIR ECOTOP FRX GLOBALMACR GOV MARKETS TOP WORLD WWTOP WWTOPAS WWTOPEU China needs to roll out more stimulus to boost economic growth as the recovery isn't solid and its momentum showed signs of slowing, according to Financial News, a newspaper backed by the central bank. PBCZ@CH, ALLTOP, ASIA, ASIATOP, BUSINESS, CHINA, CORONAVIR, ECOTOP, FRX, GLOBALMACR, GOV, MARKETS, TOP, WORLD, WWTOP, WWTOPAS, WWTOPEU. [Extracted from the article]

Keywords: %USD; AFRICA; ALLTOP; BASIC; BUSINESS; CMD; COS; FRX; GOV; GOVTOP; INDUSTRIES; MARKETS; METMNG; NORTHAM; US; WORLD EN %USD AFRICA ALLTOP BASIC BUSINESS CMD COS FRX GOV GOVTOP INDUSTRIES MARKETS METMNG NORTHAM US WORLD Zimbabwe's central bank plans to sell gold coins to the public from July 25 as a store of value to stabilize the nation's tumbling currency and offer an alternative to the US dollar. The coin forms part of measures to deal with a currency crisis that's seen the annual inflation rate jump to 192% in June and a sharp depreciation in the Zimbabwean dollar, which has lost more than two-thirds of its value against the dollar this year. [Extracted from the article]

R0ZEX2DWLU6D (Bloomberg) -- The Federal Reserve took a key step toward the possible issuance of a U.S. digital currency, a move that the central bank said could dramatically alter the American financial system. Keywords: %USD; ALLTOP; BNK; BON; BUSINESS; COS; FIN; FRX; GLOBALMACR; GOV; INDUSTRIES; MARKETS; NORTHAM; TEC; TECSVC; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPEU EN %USD ALLTOP BNK BON BUSINESS COS FIN FRX GLOBALMACR GOV INDUSTRIES MARKETS NORTHAM TEC TECSVC TOP US WORLD WWTOP WWTOPAM WWTOPEU The Federal Reserve took a key step toward the possible issuance of a U.S. digital currency, a move that the central bank said could dramatically alter the American financial system. %USD, ALLTOP, BNK, BON, BUSINESS, COS, FIN, FRX, GLOBALMACR, GOV, INDUSTRIES, MARKETS, NORTHAM, TEC, TECSVC, TOP, US, WORLD, WWTOP, WWTOPAM, WWTOPEU. [Extracted from the article]

Keywords: ALLTOP; ASIA; BUSINESS; CHINA; COS; DRG; ELECT; EXE; GEN; GENTOP; GLOBALMACR; GOV; GOVTOP; HEA; HUMANRIGHT; INDUSTRIES; JAPAN; NORTHAM; POL; SKOREA; TOP; US; WORLD EN ALLTOP ASIA BUSINESS CHINA COS DRG ELECT EXE GEN GENTOP GLOBALMACR GOV GOVTOP HEA HUMANRIGHT INDUSTRIES JAPAN NORTHAM POL SKOREA TOP US WORLD Japan for the first time referred to the importance of stability around Taiwan in its annual defense report, ratcheting up its concerns over the island that has been a flashpoint in tensions between China and the U.S. QW6C9UT0AFB6 (Bloomberg) -- Japan for the first time referred to the importance of stability around Taiwan in its annual defense report, ratcheting up its concerns over the island that has been a flashpoint in tensions between China and the U.S. The wording in the "Defense of Japan" white paper released Tuesday increased friction between the two biggest economies in Asia. A spokesman for China's Foreign Ministry told Tokyo not to interfere in Taiwan issues and said Beijing expressed "firm opposition" to the wording in the report. [Extracted from the article]

Keywords: ALLTOP; ASIA; ASIATOP; BUSINESS; CHINA; COS; DRG; ELECT; EXE; GEN; GENTOP; GLOBALMACR; GOV; HEA; HUMANRIGHT; INDUSTRIES; JAPAN; NORTHAM; POL; SKOREA; US; WORLD; WWTOP; WWTOPAS EN ALLTOP ASIA ASIATOP BUSINESS CHINA COS DRG ELECT EXE GEN GENTOP GLOBALMACR GOV HEA HUMANRIGHT INDUSTRIES JAPAN NORTHAM POL SKOREA US WORLD WWTOP WWTOPAS Japan for the first time referred to the importance of stability around Taiwan in its annual defense report, ratcheting up its concerns over the island that has been a flashpoint in tensions between China and the U.S. QW3V2CT1UM0W (Bloomberg) -- Japan for the first time referred to the importance of stability around Taiwan in its annual defense report, ratcheting up its concerns over the island that has been a flashpoint in tensions between China and the U.S. The wording in the "Defense of Japan" white paper released Tuesday is set to increase friction between the two biggest economies in Asia. Separately, Japan's white paper also included a column on the sharp increase in South Korea's defense spending. [Extracted from the article]

Keywords: ALLTOP; ASIA; BUSINESS; CHINA; COS; FIN; GLOBALMACR; GOV; INDUSTRIES; MARKETS; NORTHAM; STK; SVC; US; WORLD; WWTOP EN ALLTOP ASIA BUSINESS CHINA COS FIN GLOBALMACR GOV INDUSTRIES MARKETS NORTHAM STK SVC US WORLD WWTOP RH85FRT1UM0W US shares from Chinese companies surged on Friday after regulators announced the deal to allow Public Company Accounting Oversight Board inspectors to access audit work papers and personnel. The watchdog's staff told reporters that the agreement allows for full and complete access to the audit work papers of companies in both mainland China and Hong Kong. [Extracted from the article]

Keywords: ALLTOP; ASIA; BUSINESS; CHINA; COS; FIN; GLOBALMACR; GOV; INDUSTRIES; MARKETS; NORTHAM; STK; SVC; US; WORLD; WWTOP EN ALLTOP ASIA BUSINESS CHINA COS FIN GLOBALMACR GOV INDUSTRIES MARKETS NORTHAM STK SVC US WORLD WWTOP RH8BPCT0G1KZ US shares from Chinese companies rose Friday in the immediate aftermath of the deal, which will allow Public Company Accounting Oversight Board inspectors to access audit work papers and personnel. The watchdog's staff told reporters that the agreement allows for full and complete access to the audit work papers of companies in both mainland China and Hong Kong. [Extracted from the article]

Keywords: 0247409Z; DENN; SBUX; ALLTOP; BUSINESS; CMD; CONS; CONSD; CONSS; CORONAVIR; COS; DRG; HEA; INDUSTRIES; LIFESTYLE; MARKETS; NORTHAM; RET; TOP; US; WORLD; WWTOP; WWTOPAM EN 0247409Z DENN SBUX ALLTOP BUSINESS CMD CONS CONSD CONSS CORONAVIR COS DRG HEA INDUSTRIES LIFESTYLE MARKETS NORTHAM RET TOP US WORLD WWTOP WWTOPAM (Bloomberg) -- Starbucks Corp. is instructing employees to use the three-ply medical-grade masks it provides instead of cloth facial coverings, changing its prior guidance amid a wave of omicron infections. Seattle-based Starbucks, which renewed calls for employees to get booster shots, altered its self-isolation policy as well. [Extracted from the article]

Keywords: 10182Z; 1710Z@SW; 3240627Z; 340949Z; 5091Z; BABA; BIDU; JD; NTES; YUMC; ALLTOP; ASIA; BUSINESS; CHINA; CONS; CONSD; COS; GOV; HAR; HK; INDUSTRIES; INTERNET; MARKETS; NORTHAM; STK; SVC; TEC; TMT; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPAS EN 10182Z 1710Z@SW 3240627Z 340949Z 5091Z BABA BIDU JD NTES YUMC ALLTOP ASIA BUSINESS CHINA CONS CONSD COS GOV HAR HK INDUSTRIES INTERNET MARKETS NORTHAM STK SVC TEC TMT TOP US WORLD WWTOP WWTOPAM WWTOPAS US regulators have picked companies including Alibaba Group Holding Ltd. and Netease Inc. in the first batch of inspections after reaching a deal with China to end a decades-long impasse over access to audit papers of Chinese firms listed in New York. A Deloitte spokeswoman said the firm doesn't comment on clients or on any specific company's matters. Unlike multiple state-owned firms that are voluntarily exiting New York exchanges, they're also privately controlled firms with powerful American investors. [Extracted from the article]

A Deloitte spokeswoman said the firm doesn't comment on clients or on any specific company's matters. Keywords: 10182Z; 1710Z@SW; 3240627Z; 340949Z; 5091Z; BABA; BIDU; JD; NTES; YUMC; ALLTOP; ASIA; ASIATOP; BUSINESS; CHINA; CONS; CONSD; COS; GOV; HAR; HK; INDUSTRIES; INTERNET; MARKETS; NORTHAM; STK; SVC; TEC; TMT; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPAS EN 10182Z 1710Z@SW 3240627Z 340949Z 5091Z BABA BIDU JD NTES YUMC ALLTOP ASIA ASIATOP BUSINESS CHINA CONS CONSD COS GOV HAR HK INDUSTRIES INTERNET MARKETS NORTHAM STK SVC TEC TMT TOP US WORLD WWTOP WWTOPAM WWTOPAS US regulators have picked companies including Alibaba Group Holding Ltd. and Netease Inc. in the first batch of inspections after reaching a deal with China to end a decades-long impasse over access to audit papers of Chinese firms listed in New York. The audit firms are summoning relevant staff back to Hong Kong, preparing top management, IT and internal control teams to greet the inspection team. [Extracted from the article]