New York Auto Show canceled amid Delta variant worries
Organizers on Wednesday canceled the New York Auto Show that had been set for later this month amid rising COVID-19 cases caused by the more infectious Delta variant of the coronavirus amid rethinking of return to offices schedules.
India’s factory growth rebounded in July, hiring resumed after 15 months
Factory activity in India bounced back in July as demand surged both at home and abroad, prompting companies to create new jobs for the first time since the onset of the pandemic, a private sector survey showed on Monday.
China’s factory activity in July grows at slowest pace since Feb 2020
China’s factory activity expanded in July at the slowest pace in 17 months as higher raw material costs, equipment maintenance and extreme weather weighed on business activity, adding to concerns about a slowdown in the world’s second-biggest economy.
Fed says economic recovery remains on track despite COVID-19 surge
The U.S. economic recovery is still on track despite a rise in coronavirus infections, the Federal Reserve said on Wednesday in a new policy statement that remained upbeat and flagged ongoing talks around the eventual withdrawal of monetary policy support.
US dollar, stocks dip as Fed keeps taper timing close to chest
U.S. stocks and the dollar slipped on Wednesday in listless trade after the Federal Reserve gave no clue about when it might start reducing its purchases of government bonds, even as it said the economic recovery is on track.
BASF reports second-quarter beat, says no Delta impact so far
The world’s largest chemical producer BASF (BASFn.DE) reported a better-than-expected second-quarter net profit on Wednesday, saying the spread of Delta coronavirus variant has not interrupted orders from industrial customers so far.
Australian CPI blows hot in Q2, core inflation far cooler
Australia’s consumer prices rose at the fastest annual pace in almost 13 years last quarter as petrol jumped and government subsidies unwound, but a far tamer reading for core inflation suggested the spike would be fleeting.
Visa gets vaccine boost as domestic spending back near pre-COVID levels
Visa Inc (V.N) beat estimates for quarterly profit on Tuesday, with domestic spending almost back to pre-pandemic levels and international travel on the road to recovery as rising vaccinations and reopening economies take effect.
Analysis: Ten-year Treasuries at 2%? Bring it on, investors say
A bet on 10-year U.S. bond yields rising to 2% was meant to be the slam-dunk trade of 2021. It still is, say many analysts and money managers, who expect the rate to shift back higher by year-end without causing market ructions.
UPS shares hit three-month low on worries e-commerce is cooling
United Parcel Service Inc (UPS.N) shares fell to a three-month low on Tuesday on worries that growth from the pandemic-fueled e-commerce boom may be fading.
