Amazon CEO Bezos, stung by wide criticism, endorses U.S. corporate tax hike

© Reuters. FILE PHOTO: Special Report AMAZON-INDIA/OPERATION By David Shepardson WASHINGTON (Reuters) – Amazon.com Inc (NASDAQ:) supports a hike in the U.S. corporate tax rate as part of an infrastructure overhaul, Jeff Bezos, chief executive of the largest U.S. retailer, said on Tuesday after facing withering criticism from the White House, Congress and on social […]

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Oil up Over 2% as Market Buys Into OPEC Output Hike Plan 

© Reuters. By Barani Krishnan Investing.com — Crude prices swung from green to red and back on Thursday before settling up more than 2% as traders bought into OPEC+’s assurances that the global oil producing alliance could manage with higher output from May, despite questionable demand. London-traded , the global benchmark for crude, settled up […]

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Dollar Inches Down but “Regains Mojo” as Fed Deflects Early Interest Hike Hopes

© Reuters. By Gina Lee Investing.com – The dollar inched down on Friday morning in Asia but was boosted by rising Treasury yields and a fall in global shares. Investors also continue to contemplate the U.S. Federal Reserve’s deflection of early interest-rate hike expectations. The that tracks the greenback against a basket of other currencies […]

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Dollar wobbles after Fed pushes back against rate hike speculation

© Reuters. A U.S. Dollar banknote By Hideyuki Sano and Sagarika Jaisinghani TOKYO (Reuters) – The U.S. dollar was on the defensive on Thursday after the Federal Reserve signalled it was in no hurry to raise interest rates through all of 2023 even as it saw a swift recovery in the world’s largest economy. The […]

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Rate hike would be devastating: ECB’s Schnabel

© Reuters. FILE PHOTO: 29th Frankfurt European Banking Congress (EBC) takes place in Frankfurt BERLIN (Reuters) – Raising euro zone interest rates in the current environment would have a devastating impact, European Central Bank board member Isabel Schnabel said on Sunday, adding that temporary spikes in inflation should not be confused with a trend. Schnabel […]

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Russian lawmakers back tax hike for mining, oil industry at first reading

MOSCOW (Reuters) – Russian lawmakers on Tuesday supported a plan by the finance ministry to increase taxes for some mining companies and the oil industry, as Moscow seeks to plug the holes in its budget left by lower oil prices and the COVID-19 pandemic. Russia announced the plan, which is expected to bring in 340 […]

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Exclusive: Argentina farm minister says no plan to hike grains export taxes

By Hugh Bronstein BUENOS AIRES (Reuters) – Argentina does not plan to increase grains export taxes despite the government’s need for revenue as the coronavirus pushes the country into a deep recession this year, Agriculture Minister Luis Basterra told Reuters on Wednesday. Farmers in the vast Pampas grains belt had worried that the cash-strapped government, […]

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Swiss central banker Maechler warns against premature rate hike

© Reuters. SNB Governing Board member Maechler gestures after a news conference in Bern By John Revill ZURICH (Reuters) – Swiss National Bank Governing Board member Andrea Maechler has given another hint that the central bank will stick with its expansive monetary policy, saying low Swiss inflation gave little reason for it to change direction. […]

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