EU agrees partial truce with U.S. over Trump tariffs

© Reuters. FILE PHOTO: European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium May 5, 2021. REUTERS/Yves Herman By Philip Blenkinsop BRUSSELS (Reuters) – The European Union has agreed to a partial truce with the United States in a dispute over metal tariffs imposed by former president Donald Trump and to start […]

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U.S. trade chief voices concern to Vietnam over currency practices

© Reuters. FILE PHOTO: U.S. Senate Finance Committee conducts hearing on nomination of Katherine Tai to be U.S. Trade Representative. WASHINGTON (Reuters) – U.S. Trade Representative Katherine Tai, in a call on Thursday with Vietnam’s minister of industry and trade, highlighted U.S. concerns about Vietnam’s currency practices, a USTR statement said. Tai and the Vietnamese […]

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Oil up Over 2% as Market Buys Into OPEC Output Hike Plan 

© Reuters. By Barani Krishnan Investing.com — Crude prices swung from green to red and back on Thursday before settling up more than 2% as traders bought into OPEC+’s assurances that the global oil producing alliance could manage with higher output from May, despite questionable demand. London-traded , the global benchmark for crude, settled up […]

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After H&M, Nike feels Chinese social media heat over Xinjiang

3/3 © Reuters. Workers install a Nike logo lamp outside the Wukesong Arena in Beijing 2/3 BEIJING (Reuters) – Nike (NYSE:) and Adidas (OTC:) came under fire on Chinese social media on Thursday after Beijing’s propaganda offensive against Swedish fashion brand H&M sparked by the company’s expression of concern about labour conditions in Xinjiang. The […]

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Dollar hits four-month high as worries over European lockdowns, U.S. taxes sap risk appetite

© Reuters. FILE PHOTO: A picture illustration shows U.S. 100 dollar bank notes By Ritvik Carvalho LONDON (Reuters) – The dollar hit a four-month high on Wednesday as concerns over a third COVID-19 wave in Europe, potential U.S. tax hikes and escalating tensions between the West and China sapped risk appetite. The rose to a […]

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The US SEC has laid charges over fraudulent stockmarket tweets

The US Securities and Exchange Commission has laid fraud charges and frozen the assets of a California-based alleged scammer  used social media to spread false information about a defunct company, while secretly profiting by selling his own holdings of the company’s stock The memo published by the SEC reads like a ‘how-to’ article on conducting […]

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EUR/USD Downtrend Likely Over After ECB Pledges to Ramp-Up Bond Buying

© Reuters. By Yasin Ebrahim Investing.com – The euro jumped against the dollar and looks set to snap its two-week losing streak as experts suggest that the single currency’s downward trajectory is likely over for now following the latest’s European Central Bank monetary policy meeting on Thursday. rose 0.48%, to $ 1.1983. “On what we’ve […]

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Analysis: Excessive exuberance: Canada home prices boil over as policymakers sit back

4/4 © Reuters. FILE PHOTO: A Royal LePage real estate sign is marked “Sold” in front of a house in Ottawa 2/4 By Julie Gordon and Nichola Saminather OTTAWA (Reuters) – Canada’s red-hot housing market has become a bonfire, spurring comparisons to earlier bubbles and prompting calls for cooling measures. But policymakers are standing back, […]

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