Brazil extends $60 billion FX swap line with Fed through September

© Reuters. FILE PHOTO: Brazilian Real and U.S. dollar notes are pictured at a currency exchange office in Rio de Janeiro BRASILIA (Reuters) – Brazil’s government on Friday authorized the central bank to extend its $ 60 billion swap line with the U.S. Federal Reserve until the end of September. The swap line, which has […]

Continue Reading

Donald Trump’s niece blasts his ‘chutzpah’ toward her fraud lawsuit

By Jonathan Stempel NEW YORK (Reuters) – Donald Trump’s niece accused him on Friday of trying to dodge accountability for defrauding her out of a multimillion dollar inheritance by claiming she took too long to sue. Lawyers for Mary Trump made the accusation in a New York state court in Manhattan, where the 55-year-old psychologist […]

Continue Reading

U.S. drillers add rigs for seventh month in a row, pace slows – Baker Hughes

© Reuters. FILE PHOTO: Drilling rigs operate in the Permian Basin oil and natural gas production area in Lea County (Reuters) – U.S. energy firms this week added oil and rigs for a seventh month in a row for the first time since May 2018, but the rate of growth in February slowed even as […]

Continue Reading

SoftBank announces settlement with former WeWork CEO Neumann

© Reuters. The logos of SoftBank and WeWork are displayed in front of SoftBank’s new headquarters building in Tokyo (Reuters) – SoftBank Group Corp said on Friday it had reached a settlement with WeWork’s special committee and the company’s co-founder and former chief executive, Adam Neumann, putting to rest a legal battle dating back to […]

Continue Reading

King Dollar Surges, but Doubts Over Longevity Linger

© Reuters. By Yasin Ebrahim Investing.com – The dollar surged Friday, riding on the coattails of the recent surge U.S. Treasury yields amid bets the U.S. will emerge from the crisis stronger than its peers, but the greenback’s momentum is unlikely to last, experts warn. The , which measures the greenback’s strength against a trade-weighted […]

Continue Reading

UK’s Sunak warns of bill to be paid to tackle Britain’s ‘exposed’ finances – FT

© Reuters. FILE PHOTO: Britain’s Chancellor of the Exchequer Sunak during an interview in London (Reuters) – British finance minister Rishi Sunak will use the budget next week to level with the public over the “enormous strains” in the country’s finances, warning that a bill will have to be paid after further coronavirus support, according […]

Continue Reading

Oil set for steady gains as economies shake off pandemic blues: Reuters poll

2/2 © Reuters. FILE PHOTO: The price of gasoline is shown on a gas pump at an Arco gas station in San Diego 2/2 By Sumita Layek and Bharat Gautam (Reuters) – Oil prices will stage a steady recovery this year as vaccines reach more people and speed an economic revival, with further impetus coming […]

Continue Reading

Nissan says makes breakthrough with engine in reducing CO2 emissions

2/2 © Reuters. The brand logo of Nissan Motor Corp. is seen on a tyre wheel of the company’s car at their showroom in Tokyo 2/2 TOKYO (Reuters) – Nissan (OTC:) Motor Co said on Friday it has reached a breakthrough in achieving a 50% thermal efficiency with its in-development e-POWER hybrid technology, which could […]

Continue Reading

EUR/USD falls to lows for the day as dollar holds firmer on the session

EUR/USD sellers look to try and seize near-term control Despite calmer tones in the market so far in European morning trade, the dollar is still keeping bid as there is still an air of uncertainty ahead of US trading later. EUR/USD is pushed to fresh session lows @ 1.2123 and is testing trendline support as […]

Continue Reading