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Sydney Lockdown Extended Four Weeks as Delta Surge Wors...

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New South Wales state Premier Gladys Berejiklian said the lockdown has been extended until at least August 28. The restrictions began on June 26, when 12 new cases were recorded in the local community. The city’s outbreak has since swelled fueled by the spread of the highly-contagious delta variant with 177 more cases recorded on Wednesday, she told reporters.
Berejiklian said the harshest lockdown restrictions, now in place in regions of southwest Sydney, will be extended to other areas in the city’s west. A vaccination campaign will also be ramped up for high school students in those regions. But she made a concession to the economy, saying that the construction sector can restart work in other areas of the city. ....

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News Highlights: Top Financial Services News of the Day

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Dow Jones
Biden to Tap Former Hill Aide for Top Treasury Post Overseeing Financial Rules
Graham Steele, a former aide to Sen. Sherrod Brown, is a proponent of treating climate change as a systemic risk to the financial system.
Vietnam Tells U.S. It Won t Weaken Currency to Boost Exports
The State Bank of Vietnam has agreed to improve the flexibility of its exchange rate, part of an agreement with the U.S. Treasury to resolve tensions over Vietnam s widening trade surplus.
ANZ Plans Up to $1.1 Billion Share Buyback
Australia & New Zealand Banking Group Ltd. said it plans to buy back shares worth up to $1.1 billion, starting next month. ....

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Banks, Miners Seen Leading Dividend Spree for Australian Stocks

Banks, Miners Seen Leading Dividend Spree for Australian Stocks
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Political Risk Back on Radar in Emerging-Market Currenc...

Citigroup Inc. and Deutsche Bank AG were among the lenders recommending investors to short the South African rand last week as deadly riots threatened to derail an incipient economic recovery. Chile’s peso is also seen as vulnerable relative to more stable units such as the Russian ruble.With elections coming up in many major developing nations over the next three years and the pandemic worsening socio-economic fault lines, “political long Covid” may cast a widening pall, according to Bank of America Corp. Of particular concern is what that means for monetary policy, as central banks weigh the risks of higher inflation against the need for economic support. ....

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Oil retreats on OPEC+ production deal

Oil retreats on OPEC+ production deal
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