METALS-Copper touches 11-week high on China recovery

* China bonded copper stocks rise for 1st time in 9 weeks * Tin price touches highest since March 13 * Lead hits strongest in seven weeks (Updates prices with lead highest since April 14) By Eric Onstad LONDON, June 2 (Reuters) – Copper prices climbed to their highest in 2-1/2 months on Tuesday as more signs emerged that the […]

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Stock futures trade higher as violent protests continue across the US

How much will protests set back the economy? The Wall Street Journal’s Dan Henninger argues recent protests will have a negative effect on businesses reopening in several cities. Get all the latest news on coronavirus and more delivered daily to your inbox.  Sign up here. Continue Reading Below U.S. equity futures are pointing to a higher open ahead of the Tuesday […]

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Deals of the day-Mergers and acquisitions

(Adds XP Inc, Fiat Chrysler, Aston Martin and Mediobanca) June 1 (Reuters) – The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: ** Eyewear billionaire Leonardo Del Vecchio has requested clearance from the European Central Bank to double his stake in Mediobanca, raising the prospect of far-reaching changes in Italy’s financial world. ** A top […]

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Haunted By Austerity, Least-Indebted EU State Goes Big on Virus

Memories of harsh austerity in the wake of the global financial crisis are motivating Estonia to end what’s been the continent’s greatest aversion to borrowing. The Baltic region became the poster child for the kind of public spending and wage cuts that later ravaged nations like Greece. Estonia remains the European Union’s least-indebted member-state — without a single government bond. […]

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EU Floats Taxing 70,000 Companies for Market Access, FT Reports

The European Union could charge 70,000 companies for access to the EU market to help pay for its coronavirus recovery program, Budget Commissioner Johannes Hahn was quoted as saying in a Financial Times interview. Hahn said there’s no alternative to giving the European Commission new sources of revenue to service the debt it would take on under the 750 billion-euro […]

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U.S. Stock Futures Drop as Protests Grow; Yen Up: Markets Wrap

U.S. stock futures fell as investors weighed the violent protests in some American cities that have stoked concerns about a reacceleration in infection rates and a damper on the economic recovery. The yen and gold edged up. S&P 500 futures opened lower. With Amazon scaling back deliveries and Apple closing some stores Sunday, investors are gauging how violence over the […]

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Why Twitter isn't fact checking its CEO's tweet of incorrect info

FCC commissioner calls for ‘neutral application of terms of service’ for Twitter users FCC Commissioner Brendan Carr on Twitter placing a warning on President Trump’s tweet on Minneapolis protests. Twitter CEO Jack Dorsey’s retweet of incorrect facts regarding the unrest in Minneapolis doesn’t fall under the social-media company’s new label system for disputed or misleading tweets. Continue Reading Below Ticker […]

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