 | | | | Global rules would allow central bank digital currencies to operate smoothly cross-border and speed up wholesale payments, a think tank backed by the City of London Corporation said on Friday. | | | | | | Futures slipped on Friday, after a recent run of gains for Wall Street's main indexes, as investors awaited monthly jobs data to gauge the strength of the U.S. economy and the path of future rate hikes. | | | | | | An Indian cement maker's recent purchase of Russian coal using yuan involved India's biggest private lender, HDFC Bank, according to an invoice seen by Reuters and a source, as more details emerge of the kind of trade that could blunt Western sanctions against Moscow. | | | | | | As U.S. companies open their books on the second quarter in the coming weeks, investors increasingly worried about a recession will be anxious to hear what executives say about how demand is holding up in the face of higher costs. | | | | | | Cheniere Energy Inc has asked the Biden administration to exempt it from limits on emissions of cancer-causing pollutants, arguing they would force the top U.S. exporter of liquefied natural gas to shut for an extended period and endanger the country's efforts to ramp up supplies to Europe, according to documents reviewed by Reuters. | | | | | | Talk of a potential recession is dominating the airwaves and driving frantic action across financial markets, meaning Friday's U.S. employment report for June will be pored over by investors, politicians and average workers for any signs that the strongest job market in generations is running out of steam. | | | | | | Global equity funds faced a second straight week of outflows in the week to July 6, as investors remained concerned about a global economic slowdown and recession risks due to interest rate hikes by major central banks. | | | | | | Three former JPMorgan Chase & Co employees face a U.S. federal trial in Chicago on Friday on accusations they helped turn their trading desk into a criminal enterprise that faked precious metals futures orders to manipulate prices. | | | | | | U.S. analysts and economists will be watching to see how banks' mortgage businesses are faring during their second-quarter earnings this month, as U.S. Federal Reserve rate hikes continue to crimp mortgage originations and refinancings. | | | | | | KLM, the Dutch arm of Air France KLM , on Friday said it will scrap up to 20 daily flights to European destinations because of staff shortages. | | | | | |
