Yellen says U.S. will keep tariffs on China in place for now

© Reuters. FILE PHOTO: Yellen holds a news conference in Washington By Andrea Shalal and David Lawder WASHINGTON (Reuters) – The United States will keep tariffs imposed on Chinese goods by the former Trump administration in place for now, but will evaluate how to proceed after a thorough review, Treasury Secretary Janet Yellen told CNBC […]

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How Cuba’s monetary reform will take place and impact the economy

© Reuters. FILE PHOTO: A farmer holds a wad of Cuban money at a vegetable stall at a market in central Cuba By Marc Frank HAVANA (Reuters) – The Cuban government announced on Thursday it would start a long-awaited monetary reform in January, unifying its dual currency and multiple exchange rate system in a bid […]

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Point72 Asset Management increased stake in The Children’s Place, Inc.

© Reuters. Point72 Asset Management increased stake in The Children’s Place, Inc. On the 9th of September, Point72 Asset Management added 709 thousand The Children’s Place, Inc. (NASDAQ:) shares for $ 16 million at an average price of $ 22.97 per share. Shares of The Children’s Place, Inc. are up 31.08% since the transaction. Point72 […]

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Pulled in many directions, Biden may keep Trump’s China tariffs in place

© Reuters. FILE PHOTO: Joe Biden, Democratic U.S. presidential nominee, speaks in Wilmington By David Lawder and Trevor Hunnicutt WASHINGTON/WILMINGTON, Del. (Reuters) – “Damaging,” “reckless” and “disastrous” are some of the words Joe Biden has used to describe tariffs imposed by Donald Trump on allies and rivals alike.He may keep some in place anyway if […]

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The factors supporting gold to remain in place – further upside for the price

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do […]

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Australian state sees a coronavirus surge – ‘strict lockdown’ no going out in place

Cases of COVID-19 have been climbing all week in Australia’s second most populous city of Melbourne. The count of new cases has been hovering around 70 for the past days but the latest update is 108 new cases (biggest jump in more than 3 months). Two more postcodes (a postcode covers multiple suburbs) have gone […]

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Oil: Near-term Pressure may Remain in Place Because of Storage Issues

It is not surprising that the outlook for front-month oil futures, especially for June, remains bleak as some market participants continue to price project shocking drop of May contract price to June contract. Recall that May WTI contract dropped below 0 on April 20 and the NYMEX decided to use the negative settlement price on […]

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ForexLive European FX news wrap: Dollar demand continues; no hiding place for investors

Forex news from the European morning session – 18 March 2020 Headlines: Markets: JPY leads, GBP, AUD lag on the day European equities lower; E-minis limit-down US 10-year yields up 2 bps to 1.10% Gold down 1.5% to $ 1,505 WTI down 6% to $ 25.30 Bitcoin down 6% to $ 5,135 It is groundhog […]

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