NBA Champion and MVP Kevin Garnett joins list of celebrity athletes announcing the winners of the Bryan County High School Sports Awards

Russia's Sputnik Light vaccine approved for use in Congo – RDIF

MOSCOW (Reuters) – Russia’s single-dose Sputnik Light vaccine against COVID-19 has been approved for use in the Republic of the Congo, Russia’s RDIF sovereign wealth fund said on Monday.

The RDIF markets the vaccine abroad.

Gold Eases On Firm Dollar

Gold prices eased on Monday and the dollar index strengthened, as investors assessed comments by U.S. Treasury Secretary Janet Yellen on higher interest rates and awaited key U.S. inflation data due later in the week for directional cues.

Spot gold dipped 0.3 percent to $1,885.60 per ounce, while U.S. gold futures were down 0.2 percent at $1,887.70.

Prices gained over 1 percent on Friday after the Labor Department report showed job growth in the U.S. reaccelerated in May but still fell short of economist estimates, helping ease inflation and tapering jitters.

Benchmark 10-year U.S. Treasury yields ticked up after Yellen said that President Joe Biden’s spending plan would be beneficial to the economy, even if it triggers higher inflation and a rate hike move by the U.S Federal Reserve.

The President’s $4 trillion spending plan is positive for the economy, although it may spur inflation that persists into 2022, Yellen said in an interview with Bloomberg News.

Yellen added that a “slightly higher” interest rate environment would be an advantage. Investors await key U.S. inflation data due later this week for more indications about the Fed’s policy outlook.

A European Central Bank policy meeting is due on Thursday, with economists expecting the central bank to maintain its stimulus measures.

NBA Champion and MVP Kevin Garnett joins list of celebrity athletes announcing the winners of the Bayou Region High School Sports Awards

Oil Slips From Two-year High

Oil prices slipped from a two-year high above $72 a barrel on Monday as investors waited for this week’s Iran nuclear talks that is expected to boost crude supplies.

The downside remained capped by optimism over recovering demand as India’s capital New Delhi and financial hub Mumbai began a gradual easing of restrictions.

Brent crude futures for August settlement fell 46 cents, or 0.6 percent, to $71.43 a barrel, after hitting $72.27, the highest since May 2019 earlier in the day.

U.S. West Texas Intermediate futures for July delivery were down 42 cents, or 0.6 percent, at $69.20 after earlier touching $70 for the first time since October 2018.

Iran and global powers will enter a fifth round of talks on June 10 in Vienna that could include Washington lifting economic sanctions on Iranian oil exports.

While the European Union envoy coordinating the negotiations had said he believed a deal would be struck at this week’s talks, other senior diplomats have said the most difficult decisions still lie ahead.

Data showing a drop in China’s crude oil imports in May also weighed on prices.

China’s crude oil imports in May dipped 14.6 percent year-on-year from a high base last year, with maintenance at refineries limiting consumption of the raw material.

For Small Gyms, Handling the Pandemic Meant Expanding

From on-demand video libraries to rooftop classes, boutique workout spots broadened beyond their tight spaces.

By John Hanc

This article is part of Owning the Future, a series on how small businesses across the country have been affected by the pandemic.

Rupee surges 19 paise to close at 72.80 against U.S. dollar

At the interbank forex market, the local unit opened at 72.85 against the greenback and witnessed an intra-day high of 72.74 and a low of 72.88.

The rupee appreciated by 19 paise to end at 72.80 (provisional) against the U.S. dollar on Monday, buoyed by persistent fund inflows into capital markets.

Besides, softening crude oil prices also strengthened domestic forex market sentiment.

However, stronger dollar overseas against key rivals capped the rupee’s gain, according to forex traders.

At the interbank forex market, the local unit opened at 72.85 against the greenback and witnessed an intra-day high of 72.74 and a low of 72.88.

It finally ended at 72.80 against the American currency, a rise of 19 paise over its previous close.

On Friday, the rupee had settled at 72.99 against the U.S. dollar.

On the domestic equity market front, the BSE Sensex ended 228.46 points or 0.44% higher at 52,328.51, while the broader NSE Nifty advanced 81.40 points or 0.52% to 15,751.65.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.04% to 90.17.

Brent crude futures, the global oil benchmark, fell 0.63% to $71.44 per barrel.

Foreign institutional investors were net buyers in the capital market on Friday as they purchased shares worth 1,499.37 crore, as per exchange data.

India reported 1,00,636 fresh COVID-19 cases, the lowest in 61 days, taking the infection tally to 2,89,09,975, while the number of active cases dropped to 14,01,609, according to the Union Health Ministry’s data updated on Monday.

NBA Champion and MVP Kevin Garnett joins list of celebrity athletes announcing the winners of the Bryan County High School Sports Awards