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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Dollar wobbles after Fed pushes back against rate hike speculation

© Reuters. A U.S. Dollar banknote By Hideyuki Sano and Sagarika Jaisinghani TOKYO (Reuters) – The U.S. dollar was on the defensive on Thursday after the Federal Reserve signalled it was in no hurry to raise interest rates through all of 2023 even as it saw a swift recovery in the world’s largest economy. The […]

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Barkin: Fed’s rate guidance is ‘explicit,’ investors should watch outcomes

© Reuters. FILE PHOTO: Federal Reserve Bank of Richmond President Thomas Barkin poses during a break at a Dallas Fed conference on technology in Dallas WASHINGTON (Reuters) – Investors evaluating Fed policy should focus on the central bank’s “explicit” guidance on its plans and the relevant economic outcomes, not on second-guessing far ahead of time […]

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Rate hike would be devastating: ECB’s Schnabel

© Reuters. FILE PHOTO: 29th Frankfurt European Banking Congress (EBC) takes place in Frankfurt BERLIN (Reuters) – Raising euro zone interest rates in the current environment would have a devastating impact, European Central Bank board member Isabel Schnabel said on Sunday, adding that temporary spikes in inflation should not be confused with a trend. Schnabel […]

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Euro Drifts Lower Ahead of ECB Rate Decision

© Reuters. By Yasin Ebrahim Investing.com – The euro drifted lower against the dollar Wednesday as investor attention shifted to the European Central Bank meeting on Thursday. fell 0.19% to $ 1.2104, after hitting a session high of $ 1.2158. The European Central is expected keep interest rates and the pace of bond purchases unchanged […]

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Pound Pares Some Gains as Analysts Warn of Low Rate Hurdle

© Reuters. By Yasin Ebrahim Investing.com – The pound gave up some gains against the dollar after hitting a 10-week high as analysts suggest the low U.K. rates will keep a lid on sterling’s path higher even as Brexit deal looks likely. rose 0.2%  to $ 1.3312 after hitting a high of $ 1.3398 intraday. […]

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Kazakhstan central bank seen holding policy rate unchanged: Reuters poll

ALMATY (Reuters) – Kazakhstan’s central bank is expected to keep its benchmark interest rate unchanged at 9.00% on Monday after a pick-up in inflation last month, a Reuters poll showed. Seven of nine analysts polled this week predicted no change at the Oct. 26 meeting. Two forecast a cut to 8.75%. The central bank cut […]

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France reports 26,896 coronavirus cases for the day – a new daily record. Positive rate is over 10%.

A record daily raise in the number of newly confirmed COVID-19 cases for France. Elsewhere in Europe: The UK reported more than 15,100 new cases on Saturday. Spain has declared an emergency in Madrid for 15 days Germany has introduced new restrictions, including a curfew on bars and restaurants (11pm) A few updates … sheesh […]

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Pound’s 3-Week Winning Streak at Risk as Negative Rate Talks Heat Up

© Reuters. By Yasin Ebrahim Investing.com – The pound tumbled for a second-straight day Thursday, threatening to snap a three-week win on rising expectations the Bank of England could cut rates below zero to support the U.K. economy. fell 0.54% to $ 1.3279, to remain close to session lows of $ 1.3243. In the run-up […]

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WeWork gets new $1.1 billion commitment from SoftBank, cuts burn rate

© Reuters. A sign is seen above the entrance to the WeWork corporate headquarters in Manhattan, New York By Herbert Lash NEW YORK (Reuters) – The owner of money-losing shared office provider WeWork told employees on Thursday it has slashed its cash burn rate almost in half from the end of last year and obtained […]

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