TREASURIES-Yields dip, but stay elevated after record week of supply - Reuters
By Karen Brettell NEW YORK, Aug 14 (Reuters) - Benchmark U.S. Treasury yieldsdropped from seven-week highs on Friday but remained relativelyelevated, after the Treasury on Thursday completed $112 billionin record coupon-bearing supply that has put pressure on bondsall week. The Treasury saw weak demand for a record $26 billion saleof 30-year bonds on Thursday. It came after a record $48 billionsale of three-year notes on Tuesday and a
New Jersey to mail ballots to everyone in November election - Reuters
WASHINGTON (Reuters) - New Jersey will mail a ballot to every voter in the state for November’s elections, as well as hold in-person voting amid the coronavirus pandemic, the state’s Democratic governor said on Friday.
Governor Phil Murphy’s announcement came as Republican President Donald Trump stepped up his attacks on voting by mail, which is expected to increase dramatically this fall because of the coronavirus. Trump and his wife, nonetheless, requested absentee ballots for next Tuesday’s primary election in their adopted
Retailers launch coalition to fight counterfeits on Amazon - Reuters
WASHINGTON (Reuters) - The Retail Industry Leaders Association (RILA), whose members include companies such as Walmart Inc ( WMT.N ) and Target Corp ( TGT.N ), said on Friday it has joined over a dozen trade groups to form a coalition to fight counterfeit goods on online platforms such as Amazon.com Inc (
Germany blocked Chinese metals takeover on military concerns -sources - Reuters
LONDON/BEIJING, Aug 14 (Reuters) - The German government rejected a bid by China’s Vital Materials Co to buy PPM Pure Metals last month due to concerns about the target company’s sales to the German military, two sources with knowledge of the matter said.
PPM, which was part of Paris-listed Recylex SA and made high-purity minor metals such as antimony, used in semiconductors and germanium used in infrared detectors, stopped production at the end of July because of financial problems.
Vital
U.S. manufacturing output rises strongly in July, but still below pre-pandemic levels - Reuters
WASHINGTON (Reuters) - U.S. factory output increased more than expected in July, boosted by a surge in motor vehicle production, though activity remained below its pre-COVID-19 pandemic peak.
The Federal Reserve said on Friday that manufacturing
Rizwan 50 frustrates England as Pakistan pass 200-mark - Reuters UK
SOUTHAMPTON, England (Reuters) - Pakistan middle-order batsman Mohammad Rizwan hit a defiant half century on a difficult batting pitch to guide his side past the 200-mark in their first innings and frustrate England in the second test on Friday.
BRIEF-TikTok Staff Prepare Legal Action Against Trump’s Executive Order - FT - Reuters
Aug 14 (Reuters) -
* TIKTOK STAFF PREPARE LEGAL ACTION AGAINST TRUMP’S EXECUTIVE ORDER - FT Source text: on.ft.com/2FpQogr
Uighur group urges IOC to reconsider 2022 Beijing Winter Games venue - Reuters
GENEVA (Reuters) - The largest group of exiled ethnic Uighurs has called on the International Olympic Committee (IOC) to reconsider holding the 2022 Winter Games in Beijing, citing what it says is evidence of crimes against humanity committed in China’s Xinjiang region.
The IOC, contacted about the submission by
Ant Group makes pre-listing filing in China for blockbuster IPO - Reuters
HONG KONG (Reuters) - Ant Group, the fintech arm of Chinese e-commerce company Alibaba Group Holding ( BABA.N ), has made a preparatory filing with China’s securities regulator for its planned blockbuster initial public offering.
The
U.S. retail sales slow in July; obstacles mount for nascent economic recovery - Reuters
WASHINGTON (Reuters) - U.S. retail sales increased less than expected in July as consumers cut back on purchases of motor vehicles, and could slow further in the months ahead amid spiraling new COVID-19 infections and a reduction in unemployment benefit checks.
Despite the moderation in retail sales reported by the Commerce Department on Friday, sales have recouped losses suffered when businesses were shuttered to slow the spread of the coronavirus. The third straight monthly gain lifted retail sales to their highest level since the government started tracking the