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US Treasury picks State Street, BlackRock and Vanguard ETFs for Trump Accounts

The U.S. Treasury on Wednesday announced the investment lineup for Trump accounts, which includes ETFs from State Street, BlackRock and Vanguard.All contributions to Trump accounts will be invested in the State Street SPDR Portfolio S&P 500 ETF (SPYM), which will serve as the program's default inve…

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ETFs
reuters

LME considers easing rules to boost Hong Kong as metals hub 

By Pratima DesaiThe London Metal Exchange is considering easing rules, including allowing the storage of aluminium outside, to boost Hong Kong as a metals location, four industry sources said, reflecting China’s drive for greater influence over global metals markets.Hong Kong became an active LME w…

Reuters en
Futures

Cattle futures end narrowly mixed, awaiting direction

By Julie IngwersenLive cattle futures on the Chicago Mercantile Exchange closed narrowly mixed on Wednesday in range-bound trade as fears of softening beef prices offset support from tight U.S. cattle supplies, brokers said.Trade was choppy ahead of the Independence Day holiday weekend. U.S. market…

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Futures
NEWS reuters

TABLE-Foreign investors net sellers of Japan shares for last week

TOKYO, July 2 (Reuters) - Foreign investors turned netsellers of Japanese stocks for the week ending on June 27, capital flows data showed on Thursday. Foreigners sold a net 1,816.5 billion yen worth of shares inthe week through Jun. 27, after buying a net 451.3 billion yenin the week before tha…

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StocksJP
NEWS reuters

New Zealand central bank appoints McGregor assistant governor

New Zealand's central bank on Thursday named Angus McGregor as assistant governor to lead its financial stability group, which oversees system-wide risk assessment, macroprudential policy, prudential supervision, enforcement and resolution.

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reuters

South Korea's inflation rate quickens to 2-1/2-year high

South Korea's consumer inflation accelerated to a two-and-a-half-year high in June, cementing expectations for an interest rate hike by the central bank as early as its upcoming policy meeting on July 16.The consumer price index (CPI) rose 3.2% from a year earlier, marking the biggest jump since De…

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Economy
NEWS reuters

Polish small nuclear plant developer SGE targets £35 billion fleet in Britain

By Susanna TwidalePoland-based SGE plans to build a fleet of 14 small nuclear reactors at a total cost of £35 billion ($46.5 billion), it said on Thursday, targeting power from the first project by 2034.Britain has backed the development of small modular reactors (SMRs) to help to increase energy s…

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StocksGBPL

Gold miner Northern Star names new CEO, as Elliott circles

By Melanie Burton and Kumar Tanishk​Northern Star Resources ASX:NST named Suresh Vadnagra on Thursday as its next CEO as it logged preliminary gold sales that met revised guidance, in a move that may placate activist investor Elliott, which is seeking an overhaul of the company.Australia's biggest…

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StocksAU