 "Reuters")
Reuters
Reuters
The news and media division of Thomson Reuters is one of the world's largest international multimedia news providers
The news and media division of Thomson Reuters is one of the world's largest international multimedia news providers
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Pentagon scraps Trump's $10bn cloud deal for Microsoft, reviving Amazon bid
As recently as September the Defense Department re-evaluated the contract proposals and said Microsoft's submission was the best.
 "Pentagon scraps Trump's $10bn cloud deal for Microsoft, reviving Amazon bid")
Covid-19 pandemic: COVAX says it's negotiating with new vaccine suppliers
WHO chief scientist Soumya Swaminathan told the same meeting that COVAX should have delivered 300-400 million doses by now
 "Covid-19 pandemic: COVAX says it's negotiating with new vaccine suppliers")
China signals broad clampdown on company data, offshore listings
Crackdown wipes out billions from Didi, other US-listed companies
 "China signals broad clampdown on company data, offshore listings")
Politics seep into oil as diverging goals test Saudi & UAE relations
Crude slips after surging to multi-year highs amid major crisis in Opec+
 "Politics seep into oil as diverging goals test Saudi & UAE relations")
Global corporate tax overhaul faces a rocky road to completion
G20 finance chiefs due to endorse deal at Venice talks; EU faces battle to turn it into bloc-wide law; US Republican misgivings could add hurdles
 "Global corporate tax overhaul faces a rocky road to completion")
Didi falls 25% in pre-open trade on China crackdown, loses $19 bn in m-cap
A sharp sell-off in Didi shares would further dent confidence of its investors, who were shocked by the probe into the ride-hailing firm just two days after its New York stock market debut
 "Didi falls 25% in pre-open trade on China crackdown, loses $19 bn in m-cap")
Gold tops $1,800/oz mark as dollar slips; focus on Fed minutes
US gold futures jumped 1.3% to $1,806.30 per ounce.
 "Gold tops $1,800/oz mark as dollar slips; focus on Fed minutes")
Asian equities see foreign outflows in June as virus woes weigh
Cross-border investors sold a combined net total of $725 million worth of equities last month in South Korea, Taiwan, the Philippines, Vietnam, Indonesia, and India
 "Asian equities see foreign outflows in June as virus woes weigh")
WTI crude hits 6-year high, Brent nears $78 as OPEC+ talks collapse
OPEC+ talks collapse after Saudi-UAE clash; White House urges compromise to allow output increase
 "WTI crude hits 6-year high, Brent nears $78 as OPEC+ talks collapse")
Indian bond yields spike to near 4-month highs; crude surge hurts
The most-traded 6.64% 2035 bond was up 6 basis points at 6.79%
 "Indian bond yields spike to near 4-month highs; crude surge hurts")
Rural India sinks deeper into debt as Covid-19 pandemic wipes out work
Big debt and low income in the countryside will hold back any economic recovery the government is trying to generate and also dent private savings and investment for longer than expected
 "Rural India sinks deeper into debt as Covid-19 pandemic wipes out work")
Gold at near three-week peak as dollar weakens; Fed minutes in focus
Gold prices on Tuesday hit their highest in nearly three weeks, as a pullback in the dollar made bullion less expensive for holders of other currencies
 "Gold at near three-week peak as dollar weakens; Fed minutes in focus")
Deutsche Bank launches indexes to track 21 emerging market currencies
Deutsche Bank launched a new set of foreign exchange (FX) indexes to track 21 emerging market (EM) currencies, indicating a growing relevance and importance of developing markets in the global economy
 "Deutsche Bank launches indexes to track 21 emerging market currencies")
Oil rises further on hopes of tighter supply as OPEC+ talks abandoned
Oil prices rose slightly on Tuesday after the previous day's rally, supported by expectations of a tighter market as output talks of OPEC+ nations were called off
 "Oil rises further on hopes of tighter supply as OPEC+ talks abandoned")
Asian share markets open higher, but China tech worries weigh on Hong Kong
Chinese technology stocks remain under the microscope on Tuesday after the Cyberspace Administration of China ordered an investigation into Didi Global Holdings just days after it listed on NYSE
 "Asian share markets open higher, but China tech worries weigh on Hong Kong")
Dollar awaits Federal Reserve minutes, kiwi aloft on rate expectations
The kiwi rose as much as 0.4% to a one-week high of $0.7066, briefly breaking above its 200-day moving average, before settling around $0.7055 in morning trade
 "Dollar awaits Federal Reserve minutes, kiwi aloft on rate expectations")
Samsung Electronics Q2 profit likely up 38% on strong chip prices
Samsung Electronics likely saw a 38% surge in profit for the April-June quarter thanks to strong chip prices and demand spurred by a pandemic-led consumer appetite for electronics
 "Samsung Electronics Q2 profit likely up 38% on strong chip prices")
Up to 1,500 businesses affected by ransomware attack, says US firm's CEO
Between 800 and 1,500 businesses around the world have been affected by a ransomware attack centred on US information technology firm Kaseya, its chief executive said
 "Up to 1,500 businesses affected by ransomware attack, says US firm's CEO")
Adviser Glass Lewis flags risks from Adani 'unconscionable conduct'
Glass Lewis has recommended shareholders vote against reelection of a member of Adani Enterprises' risk committee after a court criticised "unconscionable conduct" in its Australian port business
 "Adviser Glass Lewis flags risks from Adani 'unconscionable conduct'")
Sydney Airport target of $16.7 bn bid from infrastructure investors
The proposal comes as record-low interest rates prompt pension funds and their investment managers to chase higher yields.
 "Sydney Airport target of $16.7 bn bid from infrastructure investors")