Exclusive: India will not extend 2022 deadline for tighter fuel efficiency rules for carmakers

© Reuters. FILE PHOTO: Traffic moves on a smoggy morning in New Delhi By Aftab Ahmed and Aditi Shah NEW DELHI (Reuters) – India will not extend an April 2022 deadline to tighten fuel efficiency standards, in a potential setback for carmakers which are lobbying for more time, government and industry sources told Reuters. The […]

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Germany reportedly set to extend lockdown until the end of March

Business Insider reports on the matter Adding that German authorities are also mulling loosening lockdown measures a little more but general restrictions should still apply through to the end of the month. For some context, the current restrictions are set to run through to 7 March but the government and state leaders are to meet […]

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Japan reportedly to extend state of emergency by another month to 7 March

Kyodo News reports on the matter This just rebuffs the reports from the end of last week and over the weekend. The announcement is likely to come tomorrow as the current state of emergency protocol is set to carry on until 7 February. For bank trade ideas, check out eFX Plus Let’s block ads! (Why?) […]

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Dollar Down, With ‘Twin Deficits’ Likely to Extend Dollar Weakness Into 2021

© Reuters. By Gina Lee Investing.com – The dollar was down on Thursday morning in Asia. It ended 2020 on a down note over bets that a global economic recovery in 2021 will pull money into riskier assets, even as the growing U.S. ‘twin deficits’ of a huge budget increase and trade deficits argue for […]

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Facing year-end cut off, U.S. banks scramble to extend COVID accounting relief

© Reuters. By Pete Schroeder and Michelle Price WASHINGTON (Reuters) – U.S. banks are scrambling to persuade Washington policymakers to extend the Dec. 31 expiry of an accounting waiver that has allowed lenders to give struggling borrowers more leeway on their loans, several bankers and lobbyists said. If Congress fails to extend the relief as […]

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UK Sunak reportedly set to extend furlough program until March next year

BBC political correspondent, Nick Eardley, reports in a tweet NEW: Chancellor set to extend furlough until March, sources have told the BBC. Details just after midday – not clear if it will mean full 80 per cent. For bank trade ideas, check out eFX Plus Well, Sunak will be addressing parliament soon – scheduled to […]

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UK will extend its wage covering scheme during the new coronavirus lockdown

UK Prime Minister Johnson has announced the new COVID-19 related lock down. In brief details of the new measures are here: The wage furlough scheme is to continue for workers temporarily laid off it was set to expire on Saturday workers will receive 80% of their pay UK Treasury has also announced some measures aimed […]

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EU Brexit negotiators to extend London visit: Sunday Telegraph

© Reuters. European Union’s Brexit negotiator Michel Barnier arrives at 1VS conference centre ahead of Brexit negotiations in London LONDON (Reuters) – EU chief negotiator Michel Barnier is planning to extend his visit to London until Wednesday amid cautious optimism over the progress of post-Brexit trade talks with Britain, the Sunday Telegraph reported. The European […]

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Weekly Comic: Stocks Extend Fed-Fueled Rally As Dow Erases 2020 Losses

By Jesse Cohen Investing.com – Stocks on Wall Street on Friday to wrap up another strong week of gains, with the erasing its losses of 2020 thanks to an ongoing flood of stimulus from the Federal Reserve. The 30-stock Dow closed 161.60 points higher, or 0.6%, at 28,653.87. Friday’s gains put the index in positive […]

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