By Jarrett Renshaw and Nichola Groom WASHINGTON -The White House is considering extending Trump-era tariffs on solar power imports, but with a handful of tweaks to make it easier for …
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Morgan Stanley sees US debt-to-GDP ratio down 7 percentage pts in 2022
by Reutersby Reuters– A huge U.S. fiscal deficit from the first two years of COVID-19 spending should decline rapidly to near pre-pandemic levels, largely due to a rebound in economic growth, analysts …
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Bank of Canada ‘no hike’ leaves housing fire burning, say market watchers
by Reutersby ReutersBy Julie Gordon and Nichola Saminather OTTAWA – The Bank of Canada’s decision to delay a rate hike for five more weeks will add fuel to Canada’s scorching housing market …
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Gavilon deal to make Glencore major soy exporter in Brazil with larger U.S. foothold
by Reutersby ReutersBy Karl Plume – Global commodities merchant Glencore Plc took a major step this week to becoming a greater force in the international food chain with a deal to buy …
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NEW YORK/MILAN – Retail investors bought a net of $1.66 billion in equities on Wednesday when a hawkish U.S. Federal Reserve outcome triggered wild gyrations on Wall Street, data from …
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By Noel Randewich and Hyunjoo Jin -Shares of Tesla Inc slid on Thursday, dragging down rivals after the leading electric car maker delayed releasing new vehicles until next year because …
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Court dismisses claims Robinhood wrongly restricted ‘meme stock’ trades
by Reutersby ReutersBy Jody Godoy -A U.S. federal court on Thursday dismissed a lawsuit accusing Robinhood Markets Inc of violating state laws by restricting trades on so-called meme stocks during a January …
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U.S. appeals court throws out Deutsche Bank traders’ Libor-rigging convictions
by Reutersby ReutersBy Jonathan Stempel NEW YORK -A U.S. appeals court on Thursday threw out the convictions of two former Deutsche Bank AG traders for rigging Libor, once among the world’s most …
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By Paresh Dave – Alphabet Inc’s Google on Thursday increased the amount of time employees around the world can take off for vacation or caring for newborns and seriously ill …
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– French waste and water management company Veolia said on Thursday that it would own 95.95% of rival Suez’ share capital as a result of the cash tender offer, according …
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By Erwin Seba HOUSTON – Exxon Mobil Corp and the United Steelworkers union (USW) have swapped proposals as they work toward possibly ending a nearly 10-month lockout by the company …
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By Ana Isabel Martinez MEXICO CITY – Miguel Alejo does not know how inflation is measured or what makes a recession. But at the Mexico City food market where he …
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MILAN – Sales at Italian luxury group Salvatore Ferragamo rose by 31.4% last year, in line with market expectations, although they are still far below pre-pandemic levels. The leather goods …
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By Chibuike Oguh -Blackstone Inc on Thursday said distributable earnings rose by 55% to a record high, as the world’s largest manager of alternative assets took advantage of rising markets …
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U.S. SEC proposes asking companies to say why CEO pay and performance often don’t match up
by Reutersby ReutersBy Katanga Johnson WASHINGTON – Public companies in the United States would be required to disclose how the pay of their top executives squares with their overall performance under a …
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Chocolate Easter bunnies under threat due to supply woes warn German makers
by Reutersby ReutersHAMBURG – Tight supplies of commodities including sugar and cocoa plus global logistics problems could hit production of chocolate Easter bunnies, Germany’s confectioners warned on Thursday. “The market for important …
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By Arathy Somasekhar and Ruhi Soni -Dow Inc on Thursday forecast better-than-expected sales for the current quarter after fourth-quarter results beat estimates, helped by higher prices for its products as …
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U.S. banks look forward to ‘bread-and-butter’ growth as economy rebounds
by Reutersby ReutersBy David Henry NEW YORK – U.S. banks will enjoy stronger growth this year from their “bread-and-butter” business of taking deposits and lending money as the U.S. economy expands and …
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Stellantis ready to repay 6.3 billion euro Italy state-backed loan in advance- sources
by Reutersby ReutersMILAN – Stellantis is preparing to early repay a 6.3 billion euros ($7 billion) loan backed by Italian government its predecessor Fiat Chrysler obtained at the peak of a COVID-19 …
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Judge rules Amazon, Whole Foods can be sued by murderer who was denied job
by Reutersby ReutersNEW YORK – A federal judge said Amazon.com Inc and its Whole Foods unit can be sued over the refusal to hire a convicted murderer who claimed to be rehabilitated …
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By Saikat Chatterjee SINGAPORE -Strategists at the world’s top investment banks scrambled to change their Federal Reserve rate calls on Thursday after policymakers emphasised at a policy meeting that it …
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By John Revill ZURICH -Swiss banks have criticised planned new measures designed to cool the country’s red hot property market, saying the steps were unnecessary and would do nothing to …
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U.S. crop insurance payouts rise sharply as climate change worsens droughts, floods
by Reutersby ReutersBy Leah Douglas – Insurance payments to U.S. farmers for crops lost to droughts and flooding have risen more than threefold over the past 25 years, according to an analysis …
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By Helen Coster and Eva Mathews – Comcast Corp is ramping up spending on its Peacock streaming service, executives said on Thursday, aiming to catch up to big media rivals …
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By Elena Fabrichnaya MOSCOW – Binance, the world’s largest cryptocurrency exchange, wants to expand in Russia and neighbouring states where it sees prospects for new regulations that will boost its …