Page 1122 - Reuters

Wall Street treads water ahead of key economic data; AMC soars

By Lewis Krauskopf, Medha Singh and Shashank Nayar

Govt brings forward by two years 20% ethanol blend to gasoline

The government will bring forward to 2023 from 2025 the possibility of fuel companies selling gasoline containing up to 20% of ethanol (E20)

ECB to help euro zone 'well into' recovery, says chief Christine Lagarde

The European Central Bank will support the euro zone "well into" its recovery from a pandemic-induced double dip recession, ECB chief Christine Lagarde said on Wednesday

As unpredictable Olympics loom, Japan's sponsors struggle to adapt

Many sponsors are uncertain how to proceed with advertising campaigns or marketing events

No recovery in global jobs market from pandemic until at least 2023: ILO

Global unemployment rate seen at 6.3% this year, 5.7% in 2022; uneven stimulus, vaccine access foster inequalities, says ILO

US sets and suspends tariffs on six countries over digital taxes

The US Trade Representative's office said it had approved the threatened tariffs on goods from Britain, Italy, Spain, Turkey, India and Austria

European consumer group joins EU antitrust case against Apple

The European Commission filed its first antitrust charges against Apple in April following an initial complaint by the iPhone maker's rival Spotify.

Global equities near record high as 'meme stocks' lift Wall Street at open

U.S. equities inched higher at the open as some high valuations, including of so-called "meme stocks", fed into investor sentiment.

GameStop boosts teen interest in stock market investing - survey

A third of teens say they are learning financial lessons from the internet and social media: survey

Coronavirus disaster leaves deep psychological scars on India's economy

Banks begin to slash FY22 growth forecasts; personal credit defaults and unemployment rising

Etsy eyes Gen-Z shoppers with $1.63 bn deal for fashion reseller Depop

London-based Depop, founded in 2011, is known for its vintage and streetwear collections and has more than 26 million users from over 147 countries.

Huawei launches new operating system for phones, eyes IoT market

China's leading telecommunications equipment maker found itself on a U.S. trade blacklist in May 2019 due to national security concerns.

Tesla recalls nearly 6,000 US cars over potentially loose bolts

The company has since taken measures to prevent loosening of the bolts in the assembly process.

Oil extends gains on OPEC+ supply discipline and demand prospects

Brent rose 84 cents, or 1.2%, to $71.09 a barrel at 1011 GMT.

Japan may see inflation perk up in post-Covid era, says BOJ board member

"Personally, I can't think of any new tool to directly push up prices. If there were one, we would have deployed it already," Adachi said

The $15 billion jet dilemma facing Boeing's CEO: How to rebuild sales

Boeing is reeling from a safety scandal following crashes of its 737 MAX airliner and an air travel collapse caused by the pandemic

May gold imports surge, vegetable oil buying hits record high: Report

India's gold imports in May surged more than nine-fold from last year's low base to 12 tonnes, while vegetable oil imports in the month spiked 148% to a record $1.4 billion, a government source

Reserve Bank expected to keep rates steady, liquidity steps eyed: Poll

RBI's monetary policy committee will likely keep the repo rate unchanged at 4% for a sixth straight meeting

Japan may see inflation perk up in post-coronavirus era: Bank of Japan

The BOJ currently caps long-term interest rates around zero, and buys huge amounts of government bonds and assets to achieve its elusive 2% inflation target

Asian shares rise to 3-month high as US data bolsters reopening hopes

Investors will be watching US jobs data due Friday for clues to the Fed's plans for policy in the coming weeks and months