Britain's travel sector is bracing for a new wave of job cuts, with an industry trade body saying that more than two thirds of its members were planning to make redundancies shortly due to the government's restrictive holiday rules.
TEMENOS AG: * TEMENOS AND IBM COLLABORATE TO ACCELERATE HYBRID CLOUD ADOPTION IN THE FINANCIAL SERVICES INDUSTRY Source text for Eikon: Further company coverage:
- Oil prices ended largely unchanged on Tuesday as tropical storm Nicholas brought heavy rain and power outages in Texas but caused less damage to U.S. energy infrastructure than Hurricane Ida caused earlier this month.
* Inflation, retail sales data on tap this week. * Biden corporate tax hike in focus. * S&P energy sector jumps 3% * Indexes: Dow up 0.75%, S&P 500 up 0.06%, Nasdaq down 0.31% By Ambar Warrick.
* Inflation, retail sales data on tap this week. * Biden corporate tax hike in focus. * S&P energy sector jumps 3.3% * Indexes up: Dow 0.78%, S&P 500 0.49%, Nasdaq 0.08% By Ambar Warrick and Devik Jain.
Ivory Coast cocoa sector regulator the Cocoa and Coffee Council has on Monday approved 57 cocoa export companies including majors such as Barry Callebaut and Cargill, and 37 cooperatives to handle exports for the 2021/2022 season.
European stocks rose on Monday, with automakers, banks and oil shares driving early gains as investors counted on a strong euro zone economic recovery to outweigh global slowdown worries. The pan-European STOXX 600 index was up 0.4%, as of 0708 GMT, recovering lost ground after hitting a three-week low last week.
Saudi Arabia's economy posted a 1.8% annual growth in the second quarter, according to official gross domestic product estimates, but the non-oil sector of the world's largest oil exporter lost steam.
Energy stocks are becoming a popular bellwether for concerns over how deeply the Delta variant of the coronavirus is expected to impact the U.S. economy, as the so-called reopening trade that boosted some parts of the market earlier this year continues to stumble.
The U.S. Treasury Department met with a number of industry participants this week to quiz them about the risks and benefits posed by stablecoins -- a rapidly growing type of cryptocurrencies, the value of which is pegged to traditional currencies, according to three people with direct knowledge of the meetings.
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