(Refiles to additional clients; no change in text.) SHANGHAI, March 16 (Reuters) – At least one major state-owned Chinese bank is conducting large currency swaps in mainland markets, possibly as part of efforts to cap the yuan, as domestic banks deal with a heavy influx of dollars, eight sources with knowledge of the matter told Reuters on Tuesday. The sources […]
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WASHINGTON (Reuters) – Output at U.S. factories plunged in February, depressed by winter storms in Texas, which put some petroleum refineries, petrochemical facilities and plastic resin plants out of commission for the rest of that month.FILE PHOTO: Operators use servo brake presses to form laser-cut steel blanks at Scandic Springs’ factory in San Leandro, California, U.S. February 17, 2021. Scandic […]
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LONDON (Reuters) – Investors have nudged their cash allocations higher, suggesting a slight increase in concerns that inflation and “taper tantrums” could topple a record rally in financial markets, BofA’s March fund manager survey showed on Tuesday.FILE PHOTO: Dividers are seen inside a trading post on the trading floor as preparations are made for the return to trading at the […]
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WASHINGTON (Reuters) – The Democratic-controlled House of Representatives is due to vote on two immigration bills that would provide a path to citizenship for millions living illegally in the United States, including farmworkers and younger immigrants known as “Dreamers.”FILE PHOTO: The dome of the U.S. Capitol Building is seen as the sun sets on Capitol Hill in Washington, U.S., July […]
Read more(Reuters) – Online stock brokerage eToro has agreed to go public through a merger with a blank-check firm backed by banking entrepreneur Betsy Cohen, in a $10.4 billion deal backed by SoftBank’s Vision Fund 2. EToro competes with Robinhood, which has become hugely popular with young investors for its easy-to-use interface. Robinhood has emerged as a gateway for amateur traders […]
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FILE PHOTO: Prepared syringes of the AstraZeneca COVID-19 vaccine are seen at the Clinique de l’Estree – ELSAN private hospital in Stains as part of the coronavirus disease (COVID-19) vaccination campaign in France, March 5, 2021. REUTERS/Benoit TessierLISBON (Reuters) – Portugal temporarily suspended AstraZeneca COVID-19 shots on Monday, following on the heels of several other European countries amid concerns over […]
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FILE PHOTO: Re-elected Portugal’s President Marcelo Rebelo de Sousa addresses journalists after the announcement of electoral results in Lisbon, Portugal, January 24, 2021. REUTERS/Pedro NunesLISBON (Reuters) – Portugal’s Constitutional Court on Monday rejected as unconstitutional a bill approved by parliament earlier this year to allow terminally ill patients to seek assistance from a doctor to end their lives. The decision […]
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LISBON (Reuters) – Mergers and acquisitions are a “natural” next step for Portuguese banks pressured by record low interest rates, Bank of Portugal Governor Mario Centeno said on Monday.FILE PHOTO: European Central Bank (ECB) governing council member Mario Centeno speaks during an interview with Reuters, in Lisbon, Portugal, March 15, 2021. REUTERS/Pedro NunesPortugal had arrived late to the process of […]
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WASHINGTON (Reuters) – U.S. President Joe Biden sounded doubtful on Monday about former President Donald Trump playing a role in helping to persuade hesitant Republicans to get coronavirus vaccine shots.FILE PHOTO: U.S. President Joe Biden talks to reporters on the South Lawn of the White House, in Washington, U.S., March 14, 2021. REUTERS/Cheriss MayBiden and his team have been trying […]
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