Markets
Ribchester registers Queen Anne triumph at Royal Ascot
Lady Aurelia always appeared to be traveling comfortably for Velazquez, and with a furlong still to run already had sewn up her second Royal Ascot victory. Last year's victor Profitable threw down a challenge inside the last of five furlongs, but Lady Aurelia found another gear to seal an emphatic three-length verdict to give Ward his eighth Royal Ascot victor. [Full Article...]
Amazon deal rocks retail sector
The Amazon-Whole Foods combination could put even more pressure on those chains and other big grocery sellers. The technology, however, could free up employees to talk to customers about products, the same as in the company's brick-and-mortar bookstores, he says . [Full Article...]
Iraqi premier on anti-terror outreach to Saudi Arabia, Iran
The Saudi Arabian Navy has captured three members of the Iranian Revolutionary Guard Corps after seizing an Iranian boat last week. The Iranian version of the story actually fits more neatly into previous reports of incidents in the area around the Marjan oilfield on Friday, in which Iran had already reported two other boats had strayed across the maritime border in heavy waves, and come und... [Full Article...]
Gold steadies as oil plunge dampens United States rate hike expectations
Federal Reserve Board Governor Jerome Powell will speak on Thursday and Friday. The dollar index - which measures the greenback against six other major currencies, including sterling - edged up to 97.623, its highest since the end of May. [Full Article...]
In Georgia, Handel reaches out to Democrats and thanks Trump
Her win marked an impressive rebound from polling that showed her narrowly trailing her rival as the vote approached, and signalled that Republican disillusionment about Trump was not as deep as Democrats were counting on. In a memo, National Republican Congressional Committee communications director Matt Gorman said Democrats have a "competence problem" and said there were no moral victorie... [Full Article...]
Draghi, ECB Retain Dovish Stance: Comey, UK Elections Remain
In previous statements , the European Central Bank said it expected policy rates to remain "at present or lower levels" for an extended period. "The Governing Council expects the key ECB interest rates to remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases", the bank said, removing a long-standing reference to lower rates. [Full Article...]
Whole Foods CEO says brand's standards intact under Amazon
While many of Whole Foods stores are not now setup for drive-in and pickup, adding that capability would create big synergies with Amazon's e-commerce business by reducing last-mile delivery costs , says a Citigroup report published on Tuesday. [Full Article...]
Gold at five-week low on firm dollar, Brexit talks lend support
Chicago Fed President Evans stated that it could make sense to delay a further rate hike until December, although he also commented that that recent inflation data should not prevent balance sheet reduction and the comments were not overtly dovish and there was significant negative dollar reaction. [Full Article...]