Fed policymakers say pickup in infections slowing U.S. economic recovery

2/2 © Reuters. Federal Reserve Vice Chairman Clarida greets a member of the Dallas Fed staff in Dallas 2/2 By Jonnelle Marte NEW YORK (Reuters) – A resurgence in coronavirus cases is slowing the economic recovery and the pandemic will continue to weigh on the U.S. economy and American life for longer than initially expected, […]

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Asian stocks set to track upbeat Wall Street despite rising infections

By Jessica DiNapoli NEW YORK (Reuters) – Asian stocks were set to edge up on Tuesday after oil prices rose and technology firms pushed Wall Street higher, although investors remained worried about fresh coronavirus outbreaks across the globe. New infections spiked in Latin America, in Brazil in particular, while New York City, the epicenter of […]

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Canadian banks end extra pandemic pay as infections ease

By Rod Nickel WINNIPEG, Manitoba (Reuters) – Most of Canada’s biggest banks are ending their extra payments to employees who continued working in public during COVID-19 pandemic lockdowns, as the country’s daily infection tallies decline. The banks’ moves follow grocery chains Metro Inc (TO:), Loblaw Companies (TO:) and Sobeys Inc in ending the additional work […]

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