COLUMN-U.S. election adds another twist to sterling's Brexit blues :Mike Dolan

(The author is editor-at-large for finance and markets at Reuters News. Any views expressed here are his own) By Mike Dolan LONDON, June 26 (Reuters) – With no silver lining in the Brexit cloud weighing on sterling, November’s U.S. presidential election is now emerging as yet another potential drag on a much-unloved British pound. Despite […]

CORRECTED-UPDATE 2-German 10-year yields hit one-month low as risk appetite takes a hit

(Corrects Thursday’s story to say German yields hit one-month low in headline, paras 1 and 4) * Euro zone periphery govt bond yields By Elizabeth Howcroft LONDON, June 25 (Reuters) – German 10-year government bond yields hit one-month lows while Italian yields rose as investors’ risk appetite soured on Thursday. Investors turned cautious as […]

RPT-Rainy day hastens sovereign wealth funds' refocus to home

(Repeats June 25 story with no change to text) * Sovereign wealth funds investing more at home * Trend to quicken after economic rout * Risk of missing out on cheap deals overseas * Lion’s share of investments still overseas By Tom Arnold LONDON, June 25 (Reuters) – Famed for snapping up glitzy real estate […]

Covid-19 hastens sovereign wealth funds' refocus to home

LONDON (REUTERS) – Famed for snapping up glitzy real estate and stakes in troubled international banks during the global financial crisis, sovereign wealth funds are investing more at home, a trend set to accelerate in the wake of the economic carnage wrought by Covid-19. Some of these state-owned entities, such as Singapore’s Temasek Holdings, already […]

Brazil unemployment insurance claims jump 35% in first two weeks of June

BRASILIA, June 25 (Reuters) – New unemployment insurance claims in Brazil rose by 351,315 in the first two weeks of June, Economy Ministry figures showed on Thursday, a 35% increase on the same period last year and a reflection of the COVID-19 pandemic’s impact on the jobs market. That figure was down 23% from the […]

US layoffs stay high as weak demand lingers despite businesses reopening

WASHINGTON (REUTERS) – Weak demand is forcing US employers to lay off workers, keeping new applications for unemployment benefits extraordinarily high, even as businesses have reopened. This is buttressing views that the labour market could take years to recover from the Covid-19 pandemic. Initial claims for state unemployment benefits totalled a seasonally adjusted 1.480 million […]

PRESS DIGEST-Canada – June 25

June 25 (Reuters) – The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy. THE GLOBE AND MAIL Canada’s WestJet Airlines said more than 3,000 employees will permanently lose their jobs and announced head office changes to ensure that the Calgary-based carrier […]

Crescent Acquisition to buy fitness chain F45, merged firm to trade on Nasdaq

June 25 (Reuters) – Crescent Acquisition Corp, a special purpose acquisition firm, said it would buy Australian fitness chain F45 Training in a deal that values the combined company at $845 million, including debt. F45, which counts actor Mark Wahlberg as one of its shareholders, has more than 1,900 franchises in 50 countries and is […]

TREASURIES-Yields fall as investors eye COVID-19 spread

(Updates with market activity, analyst comment, auction results) By Ross Kerber June 24 (Reuters) – U.S. Treasury yields fell on Wednesday as investors bought safe-haven assets with an eye on rising COVID-19 patient cases in several U.S states. The benchmark 10-year yield was down 2.5 basis points at 0.6839% in afternoon trading as investors moved […]

CANADA FX DEBT-Canadian dollar falls as rising coronavirus cases pressures stocks

(Adds strategist quote and details throughout; updates prices) * Canadian dollar falls 0.5% against the greenback * Fitch downgrades Canada’s rating to “AA+” from “AAA” * Price of U.S. oil decreases 5.9% * Canadian bond yields trade mixed across a steeper yield curve By Fergal Smith TORONTO, June 24 (Reuters) – The Canadian dollar weakened […]