U.S. Treasury Secretary Yellen to call for global minimum tax rate: Axios

© Reuters. FILE PHOTO: FILE PHOTO: U.S. President-elect Joe Biden announces members of his economic policy team in Wilmington, Delaware (Reuters) – U.S. Treasury Secretary Janet Yellen will on Monday call for a global minimum corporate tax rate, in a speech to the Chicago Council on Global Affairs, Axios reported. “We are working with G20 […]

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Global oil markets under pressure as Asia destocks, China imports slowed

© Reuters. FILE PHOTO: Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub By Florence Tan, Olga Yagova and Devika Krishna Kumar (Reuters) – Crude oil producers from Europe, Africa and the United States faced difficulties selling to Asia, especially China, as buyers took cheaper oil from storage while […]

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Exclusive: GM further cuts production in North America due to global chip shortage

© Reuters. Logo of GM atop the company headquarters DETROIT (Reuters) – General Motors Co (NYSE:) extended production cuts in North America on Wednesday due to a worldwide semiconductor chip shortage that has impacted the auto sector. The U.S. automaker said its Wentzville, Missouri, assembly plant would be idled during the weeks beginning March 29 […]

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IMF sees signs of stronger global recovery, but significant risks remain

© Reuters. FILE PHOTO: The IMF logo is seen outside the headquarters building in Washington By Andrea Shalal WASHINGTON (Reuters) – The No. 2 official at the International Monetary Fund on Saturday pointed to emerging signs of a stronger global economic recovery, but warned that significant risks remained, including the emergence of mutations of the […]

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Ford to partly assemble some vehicles, idle two plants due to global chip shortage

2/2 © Reuters. FILE PHOTO: Ford Motor Co’s logo pictured in 2019 2/2 By Ben Klayman DETROIT (Reuters) – Ford Motor (NYSE:) Co said on Thursday it for now will assemble its flagship, highly profitable F-150 pickup trucks and Edge SUVs in North America without certain parts and idle two assembly plants due to the […]

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Tech and financials boost $46.2 billion flows into global equity funds: BofA

2/2 © Reuters. FILE PHOTO: U.S. one hundred dollar notes are seen in this picture illustration 2/2 LONDON (Reuters) – Investors piling into tech and financial stocks helped equity funds attract $ 46.2 billion in their third-largest inflow on record in the week to Wednesday while inflation linked bonds also shone, BofA’s weekly fund flow […]

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Yellen again speaks on the importance of addressing Covid, global economic recovery

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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Global companies raise massive cash through convertible bonds at start of 2021

10/10 © Reuters. FILE PHOTO: The Apple Inc logo is seen hanging at the entrance to the Apple store on 5th Avenue in New York 2/10 By Patturaja Murugaboopathy (Reuters) – Global companies are raising vast amounts of money through convertible bonds this year, as soaring stock markets lift demand for these bonds which give […]

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Global spending on green economic stimulus slowly tracking upwards: study

© Reuters. FILE PHOTO: A peaceful scene of winter in Austria’s mountains By Matthew Green LONDON (Reuters) – Massive post-pandemic stimulus packages are mostly failing to support action to tackle climate change or halt the loss of biodiversity, but the amount of green spending is slowly tracking upwards, according to a study https://643e8587-b887-4b39-86d3-edefb98f6abf.usrfiles.com/ugd/643e85_ff2e6bc7fbd242e7bcb50d05b7219e8b.pdf published on […]

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Global stocks rise as Reddit ‘tumult’ comes under U.S. scrutiny

2/2 © Reuters. First trading day of stock market in Tokyo 2/2 By Danilo Masoni MILAN (Reuters) – World shares rose on Wednesday as volatility caused by a retail trading frenzy on Wall Street subsided on expectations of tougher regulation, while optimism about U.S. fiscal stimulus also supported sentiment. The prospect of former ECB chief […]

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