(Reuters) -Shares of Torchlight Energy Inc rose as much as 74% to a record high of $10.88 on Monday as it became the latest company to grab the attention of the Reddit pack of small-time social media driven investors. More than 196 million shares in the company, which authorized a $100 million stock sale last week, changed hands, over six […]
Read moreRIO DE JANEIRO, June 21 (Reuters) – Brazil’s new “Bolsa Familia” welfare payments to the poor will average below 300 reais ($59.50) a month, sources familiar with the discussions said on Monday, less than the figure President Jair Bolsonaro had indicated last week. The revamped nationwide program is expected to come into effect in December this year or early next […]
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DUBAI (Reuters) -A hardline victory in Iran’s presidential election has tilted the domestic balance of power towards the country’s anti-Western clergy and away from officials chosen by popular vote, a shift Tehran may one day seek to make permanent, six analysts who follow the Islamic Republic’s politics say.FILE PHOTO: A supporter of Ebrahim Raisi displays his portrait during a celebratory […]
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DUBAI (Reuters) -President-elect Ebrahim Raisi on Monday backed talks between Iran and six world powers to revive a 2015 nuclear deal but flatly rejected meeting U.S. President Joe Biden, even if Washington removed all sanctions.Iran’s President-elect Ebrahim Raisi attends a news conference in Tehran, Iran June 21, 2021. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS In his first news […]
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ADDIS ABABA (Reuters) – Ethiopia held elections on Monday billed by the prime minister as proof of his commitment to democracy after decades of repressive rule, although voting was delayed due to violence in some areas and opposition parties boycotted the poll in others. Election board chief Birtukan Midekssa said voting was mostly peaceful so far, but that several opposition […]
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TOKYO (Reuters) – Asian stocks dropped on Monday after last week’s surprise hawkish shift by the U.S. Federal Reserve reduced the allure of riskier assets, while the Treasury yield curve flattened further with 30-year yields dropping below 2%.FILE PHOTO: A man looks at stock market monitors in Taipei January 22, 2008. REUTERS/Nicky Loh/File PhotoJapan’s Nikkei led declines with a 3.6% […]
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LONDON (Reuters) – Asking prices for British homes between mid May and early JuneFILE PHOTO: A row of houses are seen in London, Britain June 3, 2015. REUTERS/Suzanne Plunkettrose by 0.8% compared with a month before, the biggest rise for the time of year since 2015, as available housing remains in short supply, property website Rightmove said on Monday. The […]
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FILE PHOTO: The logo of Vivendi is pictured at the main entrance of the entertainment-to-telecoms conglomerate headquarters in Paris, France, April 22, 2021. REUTERS/Gonzalo Fuentes/File PhotoPARIS (Reuters) – Vivendi, controlled by French billionaire Vincent Bollore, said on Sunday it had signed a deal to sell 10% of Universal Music Group (UMG) to Pershing Square Tontine Holdings. “After the 20% equity […]
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A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York (CNN Business)The US economy has come a long way since last year’s devastating downturn. But a return to “normal” may not be possible. The Back-to-Normal Index created by CNN Business and Moody’s Analytics stands at […]
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