BRASILIA, April 15 (Reuters) – Brazil is slipping towards ‘stagflation’ as it teeters on the brink of recession and inflation surges above the official year-end target, putting the central bank into an increasingly difficult position. How should it nip price pressures in the bud without causing further damage to an economy ravaged by one of the world’s deadliest COVID-19 epidemics? […]
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FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April 14, 2021. REUTERS/Staff(Reuters) – European stocks hit a record high on Thursday as a rally in commodity prices lifted miners, while some positive earnings reports offset worries about the pace of COVID-19 vaccination in the continent. The pan-European STOXX 600 index […]
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(Reuters) – Corporate executives and investors say they want world leaders at next week’s climate summit to embrace a unified and market-based approach to slashing their carbon emissions.FILE PHOTO: A farmer burns paddy waste stubble in a field on the outskirts of Ahmedabad, India November 15, 2017. REUTERS/Amit Dave The request reflects the business world’s growing acceptance that the world […]
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Investors in Europe will be monitoring a host of March inflation data out of Germany, France and Italy on Thursday morning. The benchmark U.S. Treasury yield was hovering at around 1.6325% Thursday morning, ahead of the release of closely-watched weekly jobless claims figures and March retail sales data stateside, which are expected to offer further clues on the trajectory of […]
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WASHINGTON (Reuters) -The Democratic-controlled U.S. Senate is expected to take its first step forward on President Joe Biden’s $2.3 trillion infrastructure package next week, while Senate Republicans are preparing a narrower proposal less than one-third the size.FILE PHOTO: Senate Minority Leader Charles Schumer (D-NY), speaks during a news conference at the U.S. Capitol in Washington, U.S., March 23, 2021. Erin […]
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Coinbase co-founder Fred Ehrsam told CNBC on Wednesday he does not believe the crypto market has reached a top. "As somebody who's been working in crypto for 10 years, I've heard that statement hundreds, if not thousands, of times," he said Wednesday. However, Ehrsam said he expects cryptocurrencies will continue to trade with volatility. Coinbase co-founder Fred Ehrsam told CNBC […]
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(Reuters) – The administration of U.S. President Joe Biden is in talks with Oklahoma tribes over whether they should have a bigger say over a range of environmental regulations in much of the eastern half of the oil-rich state that was recognized last year as reservation land by the Supreme Court, officials told Reuters.Slideshow ( 3 images )The discussions have […]
Read moreBOSTON (Reuters) – Legion Partners Asset Management on Wednesday said it is pushing ahead with a proxy contest to seat four directors on OneSpan’s board after the cybersecurity firm rejected a settlement proposal from the activist investment firm. Legion, which has been an investor in OneSpan since 2018, also said it now owns 6.91% of the company’s stock, up from […]
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FILE PHOTO: SpaceX headquarters is shown in Hawthorne, California, U.S. September 19, 2018. REUTERS/Mike Blake(Reuters) -Billionaire Elon Musk’s SpaceX has raised about $1.16 billion in equity financing over the last two months, the private rocket company said in an amended regulatory filing on Wednesday. The filing comes after SpaceX, whose investors include Alphabet Inc and Fidelity Investments, in February disclosed […]
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