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Hardline judge has big lead in Iran presidential vote, says state TV

DUBAI, June 19 (Reuters) - Hardline judge Ebrahim Raisi has a big lead in Iran's presidential race, an interior ministry official said on Saturday, after rivals conceded defeat in a contest in which millions of Iranians participated. The official said in televised remarks that Raisi had so far won 17.8 million votes. The official said more than 28

China's cryptocurrency-mining crackdown spreads to Sichuan

By Samuel Shen and Alun John SHANGHAI/HONG KONG, June 19 (Reuters) - China's crackdown on cryptocurrency "mining" has extended to the southwest province of Sichuan, where authorities ordered cryptocurrency mining projects closed in the major mining centre. Cryptomining is big business in China, accounting for more than half of global bitcoin produc

Apple Daily editor, CEO denied bail in Hong Kong

By Jessie Pang HONG KONG, June 19 (Reuters) - Two executives of Hong Kong pro-democracy newspaper Apple Daily, charged under a national security law, were denied bail on Saturday in a case that has drawn international condemnation and stoked fears over media freedoms in the financial hub. Editor-in-chief Ryan Law 47 and chief executive officer Cheu

Fitch raises UK outlook on economic resilience to pandemic shock

June 18 (Reuters) - Rating agency Fitch raised Britain's outlook to 'stable' from 'negative' on Friday, saying macroeconomic, labour market and fiscal outturns since the start of 2021 showed the economy was more resilient to the impact of the pandemic shock. "The roll-out of the UK's coronavirus vaccination programme has been rapid...which could da

Argentina to announce deal to restart beef exports next week, sources say

By Jorge Otaola and Nicolás Misculin BUENOS AIRES, June 18 (Reuters) - Argentina has clinched a deal with meat packers aimed at partially restarting exports after a one-month suspension, and the country is set to announce the agreement early next week, two source with direct knowledge of the matter said on Friday. The world's fifth largest beef ex

Dow, S&P post worst week in months after hawkish Fed spooks investors

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Fed's Bullard sees interest rate rise in late-22 * Comments after Fed meet brings forward rise projection to 2023 * Indexes end down Friday: Dow 1.58%, S&P 1.31%, Nasdaq 0.92% * Indexes end down this week: Dow 3.45%, S&P 1.94%, Nasdaq 0.3

Corn, soy rebound after sell-off as weather risks weighed

By Julie Ingwersen CHICAGO, June 18 (Reuters) - U.S. corn, soybean and wheat futures rose sharply on Friday, rebounding from steep declines a day earlier on bargain-buying ahead of the weekend and uncertainty about weather in the Midwest crop belt, analysts said. Fresh export interest lent support as this week's break in futures appeared to stimula

Fed update weighs down Wall Street, adds fuel to the dollar

(Updates to close of New York markets) * Major U.S. indices end week sharply lower * U.S. dollar sets best weekly gain in over a year * Oil futures post fourth week of gains By Pete Schroeder WASHINGTON, June 18 (Reuters) - All three main indices on Wall Street dropped Friday with investors wary of a more hawkish stance from the U.S. Federal Reserv

Bitcoin falls 7% to $35,431.15

June 18 (Reuters) - Bitcoin dropped 7% to $35,431.15 at 20:02 GMT on Friday, losing $2,666.53 from its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is down 45.4% from the year's high of $64,895.22 on April 14. Ether ETH=BTSP , the coin linked to the ethereum blockchain network, dipped 8.66 % to $2,165.68 on Friday, lo

Canadian dollar falls for fourth week on Fed 'shock waves'

* Canadian dollar weakens 0.5% against the greenback * Touches its weakest level since April 26 at 1.2480 * New home prices post largest annual rise since November 2006 * Gap between 2- and 10-year rates narrows by 7.4 basis points By Fergal Smith TORONTO, June 18 (Reuters) - The Canadian dollar weakened to its lowest level in nearly eight weeks ag

Wall Street ends sharply lower after hawkish Bullard spooks investors

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Fed's Bullard says he sees rate-rise in late-22 * CBOE volatility index jumps above 20 points before receding * All three main indexes finish down (Updates prices) By David French and Medha Singh June 18 (Reuters) - The three main Wall St

Wall St Week Ahead-Fed shift causes rally in value stocks to wobble

By David Randall NEW YORK, June 17 (Reuters) - The Federal Reserve's hawkish shift is forcing investors to reevaluate the rally in so-called value stocks, which have taken a hit in recent days after ripping higher for most of the year. Shares of banks, energy firms and other companies that tend to be sensitive to the economy’s fluctuations have t

Chilean peso leads Latam FX losses as copper prices plunge

* Peru's sol near record low * Mexican, Chilean pesos worst weekly performers * Brazil's real sole weekly gainer (Recasts with Chilean peso, updates prices) By Susan Mathew and Ambar Warrick June 18 (Reuters) - Chile's peso slipped to its lowest level this year, while Mexico's currency hit a 13-week low as hawkish comments from a Federal Reserve of

U.S. Treasury yield curve flattens as Fed seen more proactive on inflation

(Updates prices) By Karen Brettell NEW YORK, June 18 (Reuters) - Long-dated U.S. Treasury yields fell on Friday and the yield curve continued to flatten as market participants bet that the Federal Reserve will act sooner to clamp down on inflation pressures if they persist. The Fed surprised markets on Wednesday when it said that policymakers are f

Fed-fueled dollar rises as bears make for exits

* Dollar index on pace for best weekly gain in 14 months * Dollar bears unwind positions helping lift USD (Updates to U.S. afternoon) By Saqib Iqbal Ahmed and Julien Ponthus NEW YORK, June 18 (Reuters) - The dollar extended its advance against a basket of currencies on Friday, building on the gains logged after the U.S. Federal Reserve earlier this

IMF says risks to Azeri outlook balanced, 19 uncertainty high

June 18 (Reuters) - The International Monetary Fund said on Friday that risks to Azerbaijan's outlook are broadly balanced, although uncertainty about the future of the pandemic remains high. The IMF, following its remote mission to Azerbaijan from April 19 to May 21, also reiterated its forecast for the country's economy to grow this year by 2.3%,

Peru central bank holds growth forecasts as presidential vote count lingers on

(Updates with inflation, fiscal deficit estimates, context) LIMA, June 18 (Reuters) - Peru's central bank on Friday maintained its projections for GDP growth at 10.7% in 2021 and 4.5% in 2022, noting that estimates for future output would ride on the policies of the next president of the Andean nation. Peru held a run-off election for president on

Hawkish Bullard comments roil Wall Street, indexes drop

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Bank stocks extend declines * CBOE volatility index jumps above 20 points before receding * Indexes down: Dow 1.31%, S&P 1%, Nasdaq 0.73% By Medha Singh and David French June 18 (Reuters) - Wall Street stocks fell on Friday after comments

Investors brace for annual Russell index rebalancing with pandemic imprint

By Chuck Mikolajczak NEW YORK, June 18 (Reuters) - Market participants are girding for probably the biggest trading event of the year next Friday, as FTSE Russell stages the final reconstitution of its indexes, and trillions of dollars in investments could be influenced by the event that will reflect a wild trading year marked by the pandemic and t

Kremlin blames vaccine hesitancy as Delta variant drives Moscow surge

(Updates with recent data on vaccination, resumption of flights to Turkey) MOSCOW, June 18 (Reuters) - The Kremlin on Friday blamed a surge in COVID-19 cases on reluctance to have vaccinations and "nihilism" after a record 9,056 new infections in Moscow, mostly with the new Delta variant, fanned fears of a third wave. Moscow Mayor Sergei Sobyanin e

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