Investor payouts and job cuts jar with U.S. companies’ social pledge

2/2 © Reuters. FILE PHOTO: The Charging Bull or Wall Street Bull is pictured in the Manhattan borough of New York City 2/2 By Jessica DiNapoli, Ross Kerber and Noel Randewich (Reuters) – When Randall Stephenson joined 180 of his peers leading many of the richest U.S. companies in signing the Business Roundtable pledge on […]

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Development banks make landmark climate pledge, but no fossil fuel phase out

© Reuters. FILE PHOTO: Smoke and steam billows from Belchatow Power Station, Europe’s largest coal-fired power plant operated by PGE Group, near Belchatow By Kate Abnett, Simon Jessop and Matthew Green BRUSSELS/LONDON (Reuters) – The world’s public development banks on Wednesday pledged to align their financial firepower with the Paris Agreement on climate change, but […]

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Euro zone ministers pledge lasting fiscal support for economy

5/5 © Reuters. Informal Meeting of Ministers for Economics and Financial Affairs in Berlin 2/5 BERLIN (Reuters) – Euro zone finance ministers pledged continued fiscal support on Friday to get their economies running again after the COVID-19 crisis, chairman of the Eurogroup Paschal Donohoe said after they met in Berlin. At their first in-person meeting […]

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Coronavirus – Vaccine makers plan a public pledge to counter the pressure on the FDA

COVID-19  – The US Food and Drug Administration is getting political heat to approve vaccines prior to the US election. Bloomberg report firms are planning to band together to issue a pledge to not send any Covid-19 vaccine to the FDA for review without extensive safety and efficacy data Bloomberg citing unnamed people familiar with the […]

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Trump’s Pledge to Cut Taxes Eases Pressure on the Dollar

Asian and European stock markets rebounded today while bond yields receded from record lows. This could be attributed to policymakers increasing concessions to markets by offering more and more stimulus packages – adding evidence to the theory of a coordinated global response to coronavirus shock. Asian stocks rose by an average of more than 2% […]

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