SIGN UP LOGIN

Global Business

UPDATE 3-EU loses bid for speedier AstraZeneca vaccine deliveries

(Recasts, adds details) By Francesco Guarascio and Alistair Smout BRUSSELS/LONDON, June 18 (Reuters) – AstraZeneca will have to deliver fewer COVID-19 vaccines to the European Union than the bloc had hoped after Brussels lost its bid to speed up deliveries on Friday, in the first of its legal actions against the drugmaker. 

UPDATE 1-Boohoo co-founder’s re-election opposed by 12% of investors in AGM vote

* Boohoo has been criticised over supply chain issues * Investor advisory groups had opposed Carol Kane’s re-election * Boohoo pay report opposed by 20.2% of votes cast (Adds detail) LONDON, June 18 (Reuters) – Some 12% of votes cast at Boohoo’s annual shareholders’ meeting on Friday opposed the re-election to the board of the British online fashion retailers’ co-founder and executive director Carol Kane. 

UPDATE 1-Delta COVID variant becoming globally dominant, WHO official says

* Delta variant, first identified in India, fast becoming dominant * WHO scientist had expected more from CureVac shot candidate * Africa trajectory ‘concerning’ amid dearth of vaccines (Adds details, comments from WHO officials) GENEVA, June 18 (Reuters) – The Delta variant of COVID-19, first identified in India, is becoming the globally dominant variant of the disease, the World Health Organization’s chief scientist said on Friday. 

GLOBAL MARKETS-Wall Street down, dollar spikes as investors review recovery bets

* Major U.S. indices open sharply lower * Treasury yields rise; dollar near two-month highs By Huw Jones and Pete Schroeder LONDON/WASHINGTON, June 18 (Reuters) – Wall Street opened lower on Friday as investors reassessed their stance after the Federal Reserve projected interest rate hikes arriving sooner than once thought, while the dollar and U.S. 

UPDATE 1-EU lifts ban on eight banks barred from bond sales

(Updates with context, UniCredit) BRUSSELS, June 18 (Reuters) – Eight banks previously excluded from syndicated debt sales backing the European Commission’s up to 800-billion-euro ($950.7 billion) COVID-19 recovery fund will be allowed to take part in future issues, the EU executive said on Friday. 

UPDATE 3-HSBC takes $2.3 bln hit with sale of French retail bank

* HSBC ends long struggle to exit France retail * Cerberus snapping up European banks * My Money to resurrect former CCF brand * HSBC expects $2.3 billion hit from sale (Adds HSBC to take $2.3 billion loss on French retail sale) By Lawrence White and Gwénaëlle Barzic LONDON/PARIS, June 18 (Reuters) – HSBC has agreed to sell its French retail bank to Cerberus-backed My Money Group in a deal which will mean a loss of around $2.3 billion for the British bank but end its long struggle to dispose of the business as it focuses on Asia.