Cryptocurrency inflows hit all-time high of $4.5B in first-quarter

‘Everything is pointing to mass adoption of crypto’: eToro US managing director eToro US managing director Guy Hirsch and Rocketfuel Blockchain CEO Peter Jensen on the rise of cryptocurrency. NEW YORK – Inflows into cryptocurrency funds and products hit a record $4.5 billion in the first quarter, suggesting increased institutional participation in the once-maligned sector, data from digital currency manager […]

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'Millionaires tax' threat has some NY bankers, managers eyeing exits

BOSTON (Reuters) – For decades New York’s bankers and fund managers have accepted the city’s high tax rates as a part of working in the world’s premier financial capital.FILE PHOTO: A woman walks past JPMorgan Chase & Co’s international headquarters on Park Avenue in New York July 13, 2012. REUTERS/Andrew Burton (UNITED STATES – Tags: BUSINESS LOGO CRIME LAW)/File PhotoBut […]

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UK car sales down by 12% in 2021 so far, grow in March

FILE PHOTO: Cars are seen at a Jaguar Land Rover dealership, following the outbreak of the coronavirus disease, Milton Keynes, Britain, June 1, 2020. REUTERS/Andrew BoyersLONDON (Reuters) -British new car registrations fell by 12% in the first three month of 2021 compared with the same period a year earlier, which was mostly before the country was hit by the coronavirus […]

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Sovereign debt distress rise prompts Bretton Woods group action plan

LONDON (Reuters) – The Bretton Woods Committee has formed a working group of senior bankers, academics and lawyers to propose ways to resolve a rise in sovereign debt distress in emerging markets as a result of the COVID-19 pandemic. The influential U.S.-based non-profit organisation said it will examine how to promote greater transparency around sovereign debt and achieve equitable burden […]

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Malaysia confident of attracting more foreign investment this year

KUALA LUMPUR (Reuters) – Malaysia is confident of attracting more foreign investment this year after a big decline in 2020, and is looking at incentives to help support that goal, its finance minister said on Monday.Malaysia’s Finance Minister Tengku Zafrul reacts during an interview with Reuters in Putrajaya, Malaysia, April 5, 2021. REUTERS/Lim Huey TengTengku Zafrul Abdul Aziz said in […]

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Inter Pipeline to get $325 million cash grant to develop petrochemical complex

(Reuters) – Inter Pipeline Ltd said on Monday it would receive C$408 million ($325.15 million) under the Alberta Petrochemicals Incentive Program to develop its Heartland Petrochemical Complex in the province. The incentive comes as Inter is in the middle of a takeover battle with Investment firm Brookfield Infrastructure Partners, which launched a hostile C$7.1 billion bid for the pipeline operator […]

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