SHANGHAI (Reuters) – China’s market interest rates are unlikely to rise rapidly in the short term despite the recent sharp uptick in U.S. bond yields, the state-run China Securities Journal said on Thursday. Chinese bonds have been “desensitized” to their U.S. counterpart, as economic cycles in the world’s two largest economies diverged, a commentary published on the state media said, […]
Read more(Reuters) – Goldman Sachs-backed secondhand clothing retailer ThredUp Inc made its IPO filing public on Wednesday, disclosing a bigger full-year loss ahead of a market debut. The company, founded in 2009, has processed over 100 million unique secondhand items from 35,000 brands, according to its filing. (bit.ly/2NRElgE) Users download the company’s app, or go to the website, and ship their […]
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As earnings season winds down, there are still some interesting companies left to report. Many retailers are reporting results for the quarter that ended in January and there are a few tech companies on the schedule as well. Looking ahead, after markets close today, we are scheduled to receive earnings reports from American Eagle Outfitters, Marvell Technology and Snowflake. Before […]
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FILE PHOTO: A woman holds a small bottle labelled with a “Coronavirus COVID-19 Vaccine” sticker in this illustration taken, October 30, 2020. REUTERS/Dado Ruvic/File PhotoPRAGUE (Reuters) – The Czech Republic and Slovakia, both under severe pressure from the coronavirus pandemic, will each receive an extra 100,000 doses of Pfizer/BioNTech vaccine from their European Union partners. Both have ranked among the […]
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BOSTON (Reuters) – The social media persona “Roaring Kitty,” whose online posts helped spark January’s trading frenzy in GameStop Corp shares, appeared before Massachusetts securities regulators on Wednesday to testify as part of an examination into his activities.FILE PHOTO: Keith Gill, an individual online investor in GameStop, testifies during an entirely virtual hearing of the U.S. House of Representatives Committee […]
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WASHINGTON (Reuters) – U.S. private payrolls increased less than expected in February amid job losses in manufacturing and construction, suggesting the labor market was struggling to regain speed despite the nation’s improving public health picture.FILE PHOTO: People who lost their jobs wait in line to file for unemployment benefits, following an outbreak of the coronavirus disease (COVID-19), at Arkansas Workforce […]
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HOUSTON (Reuters) – The Texas electricity regulator on Wednesday ordered cuts to emergency fees paid to generators amid a financial crisis in its power market, but adjourned without acting on calls to protect consumers from price spikes.Slideshow ( 3 images )A mid-February storm temporarily knocked out up to half the state’s generating plants, triggering outages that killed dozens and pushed […]
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WASHINGTON (Reuters) – U.S. private payrolls increased less than expected in February amid job losses in manufacturing and construction, suggesting the labor market was struggling to regain speed despite the nation’s improving public health picture.FILE PHOTO: People who lost their jobs wait in line to file for unemployment benefits, following an outbreak of the coronavirus disease (COVID-19), at Arkansas Workforce […]
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NAIROBI/KIGALI (Reuters) – Kenya received over a million doses of the AstraZeneca COVID-19 vaccine on Wednesday, while Rwanda said it was the first in Africa to secure shots from Pfizer, as efforts to inoculate the world’s poorest nations accelerated.FILE PHOTO: Kenyan workers receive the first batch of AstraZeneca/Oxford vaccines under the COVAX scheme against the coronavirus disease (COVID-19) at the […]
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