China Ex-Finance Minister Says It’s Time to Consider Exiting Stimulus, Caixin Reports

© Reuters. China Ex-Finance Minister Says It’s Time to Consider Exiting Stimulus, Caixin Reports (Bloomberg) — China’s ex-finance minister said it’s time to consider withdrawing the monetary stimulus injected into the economy this year and fine-tune fiscal policies as the recovery strengthens, according to a report by Caixin. “It is time for China to study an […]

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As Oil Passes $45, It’s 2021 That’s Really Got Traders Excited

© Reuters. As Oil Passes $ 45, It’s 2021 That’s Really Got Traders Excited (Bloomberg) — The prospect of a coronavirus vaccine has transformed how oil traders are evaluating the market’s prospects for the second half of 2021. Headline surged above $ 45 a barrel on Wednesday, a 15% increase from where they ended last […]

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Analysis: Biden returns to battle another economic crisis, but it’s no Great Recession

© Reuters. FILE PHOTO: Democratic U.S. presidential nominee Biden speaks about the 2020 presidential election in Wilmington, Delaware By Ann Saphir and Jonnelle Marte SAN FRANCISCO/NEW YORK (Reuters) – Joe Biden is returning to the White House to lead the United States in the midst of an economic crisis after beating President Donald Trump in […]

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Factbox: On climate, it’s Biden’s green revolution versus Trump’s war on regulations

© Reuters. Democratic presidential nominee Biden and President Trump participate in their second debate in Nashville By Timothy Gardner and Valerie Volcovici WASHINGTON (Reuters) – Next Tuesday’s U.S. presidential election pits a politician who plans to tie the country’s economic recovery to tackling climate change against another determined to remove as many regulatory hurdles to […]

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Crude oil or cooking oil? For some U.S. refiners, it’s now a choice

© Reuters. A general view of a refinery in Hobbs By Stephanie Kelly and Laura Sanicola NEW YORK (Reuters) – Refiners have always produced fuel using . Now some are using grease. A slump in demand for gasoline since the onset of the coronavirus pandemic has several refining companies accelerating their plans to retrofit facilities […]

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It’s Silver’s Turn to Shine as Prices Surge to Four-Year High

© Reuters. It’s Silver’s Turn to Shine as Prices Surge to Four-Year High (Bloomberg) — Silver is hitting its sweet spot. While viewed as a haven from market turmoil — just like pricier sister — silver also has wide industrial uses in products like solar panels and electronics. That means the metal’s drawing both investors […]

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BoE’s Head Bailey: There is a Recovery but it’s Uneven

The UK economy started to gradually recover after easing of sanitary restrictions imposed during the coronavirus epidemic, however certain sectors remain weak and the long-term outlook for the economy is unclear, Bank of England Governor Andrew Bailey said on Friday. “We are seeing a return of activity. We are starting to see this recovery,” Bailey […]

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Factbox: On climate, it’s Biden’s green revolution versus Trump’s war on red tape

© Reuters. FILE PHOTO: U.S. President Trump refers to temperature change as he announces decision to withdraw from Paris Climate Agreement at White House in Washington By Timothy Gardner WASHINGTON (Reuters) – The U.S. presidential election pits a politician who supports environmental regulation and diplomacy to tackle climate change against another determined to dismantle such […]

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