Biden will push through infrastructure plan if no Republican support -energy secretary says

2/2 © Reuters. Daily press briefing at the White House in Washington 2/2 By Katanga Johnson and Doina Chiacu WASHINGTON (Reuters) -U.S. President Joe Biden would be willing to push through his $ 2 trillion infrastructure plan without the support of Republican lawmakers if he cannot reach a bipartisan deal, Energy Secretary Jennifer Granholm said […]

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Top Toshiba shareholder gets support from CalPERS, Norway fund for probe

2/2 © Reuters. CalPERS headquarters in Sacramento 2/2 TOKYO (Reuters) – California Public Employees’ Retirement System (CalPERS) and Norges Bank Investment Management (NBIM) voted in favour of a proposal by a top Toshiba (OTC:) Corp shareholder for an independent probe into the Japanese conglomerate, according to voting records. Singapore-based Effissimo, which is Toshiba’s largest shareholder […]

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U.S. throws support behind Okonjo-Iweala to lead the WTO

© Reuters. FILE PHOTO: Okonjo-Iweala poses outside a Nigerian diplomatic residence in Chambesy WASHINGTON (Reuters) – The United States on Friday threw its support behind Nigeria’s Ngozi Okonjo-Iweala to head the World Trade Organization after a South Korean rival withdrew. The Office of the U.S. Trade Representative made the announcement on behalf of President Joe […]

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Euro zone pledges continued fiscal support against COVID, to work on recovery plans

2/2 © Reuters. European Union flags flutter in front of the European Commission headquarters, in Brussels 2/2 By Jan Strupczewski BRUSSELS (Reuters) – Euro zone finance ministers pledged continued fiscal support for their economies on Monday and discussed the design of post-pandemic recovery plans as the European Commission warned the COVID crisis was making the […]

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NZDUSD chops near day lows. Support stalls the fall today.

NZDUSD stalls ahead of 100 hour moving average and 38.2% retracement The price of the NZDUSD spent the 1st 3 days of the trading finding resistance sellers against a swing area between 0.7112 and 0.7120 (see yellow area and red numbered circles).  Meanwhile, the moves to the downside saw the price stall near support between 0.7053 and 0.7058. After bottoming […]

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China says will keep policy support for economic recovery, no abrupt shift

© Reuters. FILE PHOTO: Men stand on a balcony overlooking the central business district in Beijing BEIJING (Reuters) – China will maintain policy support for its economic recovery, avoiding a sudden shift in policy, to help keep economic growth within a reasonable range in 2021, the Xinhua news agency said on Friday, after a meeting […]

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Canadian dollar forecasts shift higher as Ottawa pads economic support: Reuters poll

© Reuters. FILE PHOTO: A Canadian dollar coin, commonly known as the “Loonie”, is pictured in this illustration picture taken in Toronto By Fergal Smith TORONTO (Reuters) – The outlook for the Canadian dollar has improved on expectations the currency will benefit from domestic economic stimulus and the rollout of a COVID-19 vaccine, a Reuters […]

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Dollar pinned near major support as vaccine progress weighs

© Reuters. FILE PHOTO: A U.S. Dollar banknote By Wayne Cole SYDNEY (Reuters) – The U.S. dollar marked time on Monday as the prospect of an early rollout of coronavirus vaccines was offset by concerns about economic restrictions to control the spread of the virus, leaving safe-haven assets in limbo. A holiday in Japan also […]

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