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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]

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]

%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]

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]

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: 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]

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]

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]

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]

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]

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: 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]

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: 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: 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: 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]

R5YV2TT0AFB5 (Bloomberg) -- Starbucks Corp. is dropping a plan to require coronavirus vaccinations of its U.S. workers, reversing a stance it set out weeks ago. Keywords: 0247409Z; DENN; SBUX; ALLTOP; BUSINESS; CMD; CONS; CONSD; CONSS; CORONAVIR; COS; DRG; HEA; INDUSTRIES; LIFESTYLE; MARKETS; NORTHAM; RET; US; WORLD; WWTOP EN 0247409Z DENN SBUX ALLTOP BUSINESS CMD CONS CONSD CONSS CORONAVIR COS DRG HEA INDUSTRIES LIFESTYLE MARKETS NORTHAM RET US WORLD WWTOP (Bloomberg) -- Starbucks Corp. is dropping a plan to require coronavirus vaccinations of its U.S. workers, reversing a stance it set out weeks ago. [Extracted from the article]

Petersen Health Care Inc., a senior living firm operating nursing homes and assisted living facilities in the US Midwest, is preparing to file for Chapter 11 bankruptcy. The company has had multiple locations put into receivership recently due to alleged debt defaults. The Covid-19 pandemic has placed significant pressures on senior living companies, including staff shortages, increased costs, and inadequate government reimbursements. [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, with a significant portion going towards US stocks. This surge in investment coincided with a strong rally in the US stock market. Canadian investors also showed interest in global securities, particularly in the US, due to increased market optimism and expectations of a soft landing in North American economies. Additionally, Canadian investment in non-US shares contributed to the record, with outflows of C$6.3 billion primarily going towards European equities. Foreign investors, on the other hand, showed less interest in Canadian equities but invested C$11 billion in Canadian debt. [Extracted from the article]

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. 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. Bostic Joins Chorus for Holding High Rates (9:58 a.m.) The Federal Reserve should keep interest rates higher "for a long time", said Atlanta Fed President Raphael Bostic, echoing sentiments Friday from his colleagues. [Extracted from the article]

Bloomberg gathered data from 35 states and identified 111,748 vaccine breakthrough cases through the end of July, more than 10 times the CDC's end-of-April tally. Keywords: 3400398Z; 6047Z; FMCC; FNMA; RBLX; WMT; ALLTOP; ASIA; AU; BUSINESS; COS; DRG; EUROPE; EXE; GEN; GER; GOV; HEA; INDIA; INDUSTRIES; JAPAN; MARKETS; NORTHAM; PURSUITS; SCIENCE; US; WORLD; WWTOP EN 3400398Z 6047Z FMCC FNMA RBLX WMT ALLTOP ASIA AU BUSINESS COS DRG EUROPE EXE GEN GER GOV HEA INDIA INDUSTRIES JAPAN MARKETS NORTHAM PURSUITS SCIENCE US WORLD WWTOP The U.S. Centers for Disease Control and Prevention gave up a crucial tool for tracking the effectiveness of vaccines -- how many fully vaccinated people contract "breakthrough infections" -- just as the troublesome delta variant was emerging. [Extracted from the article]

QX2CMLT1UM0Z (Bloomberg) -- Broadway theaters in New York City will require vaccinations for audience members, performers and other staff who will also need to wear masks indoors. Keywords: FMCC; FNMA; ALLTOP; ASIA; AU; BUSINESS; EUROPE; EXE; GEN; GER; GOV; INDIA; JAPAN; MARKETS; NORTHAM; PURSUITS; SCIENCE; UK; US; WORLD; WWTOP EN FMCC FNMA ALLTOP ASIA AU BUSINESS EUROPE EXE GEN GER GOV INDIA JAPAN MARKETS NORTHAM PURSUITS SCIENCE UK US WORLD WWTOP Broadway theaters in New York City will require vaccinations for audience members, performers and other staff who will also need to wear masks indoors. [Extracted from the article]

Keywords: 1297266D; FMCC; FNMA; ALLTOP; ASIA; AU; BUSINESS; COS; EUROPE; EXE; FIN; GEN; GER; GOV; HEA; INDIA; INDUSTRIES; JAPAN; LIFESTYLE; MARKETS; NORTHAM; PURSUITS; REL; SCIENCE; UK; US; WORLD; WWTOP EN 1297266D FMCC FNMA ALLTOP ASIA AU BUSINESS COS EUROPE EXE FIN GEN GER GOV HEA INDIA INDUSTRIES JAPAN LIFESTYLE MARKETS NORTHAM PURSUITS REL SCIENCE UK 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. There are hundreds of outstanding arrest warrants for health-care workers who have been targeted by the military regime that overthrew the civilian government on Feb. 1, UN special rapporteur on human rights in Myanmar, Tom Andrews, said in an interview. [Extracted from the article]

Keywords: 1297266D; FMCC; FNMA; ALLTOP; ASIA; ASIATOP; AU; BUSINESS; CATOP; COS; EUROPE; EURTOP; EXE; FIN; GEN; GENTOP; GER; GOV; HEA; HEATOP; INDIA; INDUSTRIES; JAPAN; LIFESTYLE; MARKETS; NORTHAM; PURSUITS; REL; SCIENCE; TOP; UK; US; WORLD; WWTOP; WWTOPAM; WWTOPAS; WWTOPEU EN 1297266D FMCC FNMA ALLTOP ASIA ASIATOP AU BUSINESS CATOP COS EUROPE EURTOP EXE FIN GEN GENTOP GER GOV HEA HEATOP INDIA INDUSTRIES JAPAN LIFESTYLE MARKETS NORTHAM PURSUITS REL SCIENCE TOP UK 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. There are hundreds of outstanding arrest warrants for health-care workers who have been targeted by the military regime that overthrew the civilian government on Feb. 1, UN special rapporteur on human rights in Myanmar, Tom Andrews, said in an interview. [Extracted from the article]

Keywords: 1297266D; FMCC; FNMA; ALLTOP; ASIA; AU; BUSINESS; CATOP; COS; EUROPE; EXE; FIN; GEN; GENTOP; GER; GOV; HEA; HEATOP; INDIA; INDUSTRIES; JAPAN; LIFESTYLE; MARKETS; NORTHAM; PURSUITS; REL; SCIENCE; TOP; UK; US; WORLD; WWTOP; WWTOPAM; WWTOPAS; WWTOPEU EN 1297266D FMCC FNMA ALLTOP ASIA AU BUSINESS CATOP COS EUROPE EXE FIN GEN GENTOP GER GOV HEA HEATOP INDIA INDUSTRIES JAPAN LIFESTYLE MARKETS NORTHAM PURSUITS REL SCIENCE TOP UK 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. There are hundreds of outstanding arrest warrants for health-care workers who have been targeted by the military regime that overthrew the civilian government on Feb. 1, UN special rapporteur on human rights in Myanmar, Tom Andrews, said in an interview. [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; MARKETS; NORTHAM; PURSUITS; SCIENCE; US; WORLD; WWTOP EN 1297266D ALLTOP ASIA AU BUSINESS COS EUROPE EXE GEN GER GOV HEA INDIA INDUSTRIES JAPAN LIFESTYLE MARKETS 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]

Keywords: 1297266D; ALLTOP; ASIA; AU; BUSINESS; COS; EUROPE; EXE; FIN; GEN; GER; GOV; HEA; INDIA; INDUSTRIES; JAPAN; LIFESTYLE; NORTHAM; PURSUITS; SCIENCE; US; WORLD; WWTOP EN 1297266D ALLTOP ASIA AU BUSINESS COS EUROPE EXE FIN GEN GER GOV HEA INDIA INDUSTRIES JAPAN LIFESTYLE NORTHAM PURSUITS SCIENCE US WORLD WWTOP New research indicated 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]

Keywords: AZN@LN; BNTX; ALLTOP; ASIA; BUSINESS; CHINA; COS; DRG; EUROPE; EXE; GEN; GENTOP; GLOBALMACR; GOV; GOVTOP; HEA; INDUSTRIES; JAPAN; NORTHAM; SEM; TEC; UK; US; WORLD; WWTOP EN AZN@LN BNTX ALLTOP ASIA BUSINESS CHINA COS DRG EUROPE EXE GEN GENTOP GLOBALMACR GOV GOVTOP HEA INDUSTRIES JAPAN NORTHAM SEM TEC UK US WORLD WWTOP Japan is considering offering some of its supply of the AstraZeneca Plc vaccine to neighboring Taiwan, which has struggled to secure its own shots, the Sankei newspaper said Friday, citing government sources. Offering the vaccines to Taiwan could irritate China, Japan's biggest trading partner, which sees the island as part of its territory and has stepped up military exercises in the region in recent months. [Extracted from the article]

Keywords: ASIA; BUSINESS; CHINA; COS; FIN; GLOBALMACR; GOV; INDUSTRIES; MARKETS; NORTHAM; STK; SVC; US; WORLD EN ASIA BUSINESS CHINA COS FIN GLOBALMACR GOV INDUSTRIES MARKETS NORTHAM STK SVC US WORLD RH82C8T0AFB8 As part of the deal, China will allow Public Company Accounting Oversight Board inspectors to access audit work papers and personnel, according to statements by US and Chinese regulators on Friday. Talks between Beijing and Washington gathered pace after state-owned companies including China Life Insurance Co., PetroChina Co. and China Petroleum & Chemical Corp. said on Aug. 12 that they planned to delist from US exchanges. [Extracted from the article]

ALLTOP, ASIA, BUSINESS, CHINA, COS, FIN, GLOBALMACR, GOV, INDUSTRIES, MARKETS, NORTHAM, STK, SVC, TOP, US, WORLD, WWTOP, WWTOPAM, WWTOPAS, WWTOPEU Keywords: ALLTOP; ASIA; BUSINESS; CHINA; COS; FIN; GLOBALMACR; GOV; INDUSTRIES; MARKETS; NORTHAM; STK; SVC; TOP; US; WORLD; WWTOP; WWTOPAM; WWTOPAS; WWTOPEU EN ALLTOP ASIA BUSINESS CHINA COS FIN GLOBALMACR GOV INDUSTRIES MARKETS NORTHAM STK SVC TOP US WORLD WWTOP WWTOPAM WWTOPAS WWTOPEU RH82C8T0AFB8 As part of the deal, China will allow Public Company Accounting Oversight Board inspectors to access audit work papers and personnel, according to statements by US and Chinese regulators on Friday. [Extracted from the article]

South Africa is leading a regional force called Operation Thiba, which is moving into eastern Democratic Republic of Congo to replace a United Nations force that has been unable to stabilize the region. The mission is an initiative of the 16-nation Southern African Development Community (SADC), but it is unclear how it will be funded. Rwanda has been training and funding the M23 rebel group in eastern Congo, and the new mission puts SADC on the opposite side of the conflict. The operation may strain South Africa's already depleted coffers, but President Cyril Ramaphosa sees it as a national duty. [Extracted from the article]