Workers at Canada’s second-largest port reject deal, raising strike fears

By Allison Lampert (Reuters) – Unionized dockworkers at Canada’s second-largest port on Sunday rejected an offer from management, a union representative said, raising industry fears of a new strike following crippling work stoppages in 2020. A spokeswoman for the Canadian Union of Public Employees in Quebec which represents the dockworkers said the workers want to […]

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Asian markets eye muted start on economic hopes, pandemic fears

© Reuters. A woman holding umbrella walks near an electric board showing Nikkei index at a brokerage in Tokyo By Pete Schroeder (Reuters) – Asian markets were set for sideways trade at Thursday’s open as lingering pandemic concerns pushed against stronger economic data, and with little firm direction from Wall Street. Australia’s benchmark was down […]

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Analysis: Argentina’s flow of trade dollars clogged by devaluation fears

© Reuters. FILE PHOTO: Argentine one hundred peso bills sit underneath United States one hundred dollar bill in this picture illustration By Eliana Raszewski BUENOS AIRES (Reuters) – In Monserrat Casanovas’ small grocery store in downtown Buenos Aires, a hand-written sign reads “sale of imported drinks suspended,” highlighting the devaluation fears that are jamming up […]

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Oil’s 3-Day Run-Up Snaps On Mixed Inventories, Covid Fears

© Reuters. By Barani Krishnan Investing.com – Crude prices snapped a three-day run-up after mixed inventory numbers and a new explosion of coronavirus cases in the United States muddied the outlook for oil. New York-traded , the leading indicator for U.S. crude, settled down 33 cents, or 0.8%, at $ 41.12 per barrel. WTI had […]

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ECB to pave way for more stimulus as recession fears grow

2/2 © Reuters. The spread of the coronavirus disease (COVID-19) in Frankfurt 2/2 By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The European Central Bank is expected to resist pressure to unveil fresh stimulus measures on Thursday but it will likely pave the way for action in December as fresh restrictions aimed at containing […]

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Commodities headed for bull market in 2021 on inflation fears, stimulus: Goldman Sachs

© Reuters. FILE PHOTO: Gold bullions are displayed at Degussa shop in Singapore (Reuters) – A weaker U.S. dollar, rising inflation risks and demand driven by additional fiscal and monetary stimulus from major central banks will spur a bull market for commodities in 2021, Goldman Sachs (NYSE:) said on Thursday. The bank forecast a return […]

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Crude Oil Prices Fall as OPEC+ Fears 2021 Swing Back to Surplus

© Reuters. By Geoffrey Smith  Investing.com — Crude oil prices fell on Friday on a newswire report indicating that the world’s biggest exporters are afraid that the Covid-19 pandemic will cause the global market to slip into surplus again next year. By 10:45 AM ET (1445 GMT), futures were down 0.6% at $ 40.70 a […]

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Dollar Edges Higher, Continuing Strong Week Amid Virus Fears

© Reuters. By Peter Nurse Investing.com – The dollar edged higher in early European trade Friday, heading for its best week of the month as rising coronavirus cases prompt nervous traders to seek out this safe haven. At 2:55 AM ET (0655 GMT), the Dollar Index, which tracks the greenback against a basket of six […]

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Pound Set for 2nd-Straight Weekly Slump as No-Deal Brexit Fears Rise

© Reuters. By Yasin Ebrahim Investing.com – The pound is set for second-straight weekly slump on Friday, as no-deal Brexit fears persist after the U.K. Prime Minister Boris Johnson reportedly pushed ahead with a bill that would seek to override the withdrawal deal despite threats from the EU. fell 0.07% to $ 1.2738, and looked […]

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UK funds see record $1.6 billion outflows June-August on no-deal Brexit fears: Calastone

LONDON (Reuters) – UK-focused equity funds saw record outflows of 1.2 billion pounds ($ 1.58 billion) over the past three months as investors worry about a no-deal Brexit and the impact of the coronavirus pandemic, data from fund network Calastone showed on Tuesday. The United Kingdom left the EU on Jan 31 but is trying […]

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