TOKYO (Reuters) – Oil prices rose around 1% on Tuesday after major producers showed they were cutting crude output in line with their commitments on restraint, supporting a market thrown out of kilter by weak demand during the coronavirus pandemic.FILE PHOTO: Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. […]
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WASHINGTON (Reuters) – Arguably the last thing new U.S. Treasury Secretary Janet Yellen wants to take up during her first days in office is a financial market imbroglio involving one of her last private sector business relationships.FILE PHOTO: U.S. outgoing Federal Reserve Chair Janet Yellen holds a news conference after a two-day Federal Open Market Committee (FOMC) meeting in Washington, […]
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The Japanese government is set to announce an extension till March 7 in the state of emergency covering Tokyo and other regions struggling to contain coronavirus outbreaks, Kyodo News reported citing an official with knowledge of the situation. The Reserve Bank of Australia is expected to announce its interest rate decision at around 11:30 a.m. HK/SIN on Tuesday. In corporate […]
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WARSAW (Reuters) – Police visited Maciej Adamski’s restaurant north of the Polish capital 16 times in 10 days, telling him that he had to shut up shop because of coronavirus restrictions, but Adamski is not convinced that is strictly correct.A man holding mountain skis is seen with another man wearing a ski helmet at a coffee shop during a protest […]
Read moreWASHINGTON (Reuters) – Major U.S. transit unions and a group representing public transportation systems on Monday asked congressional leaders for nearly $40 billion in new government assistance — twice as much as President Joe Biden has proposed. In a letter, the American Public Transportation Association and unions asked for $39.3 billion in emergency funding, while Biden has called for $20 […]
Read moreFormer SEC chair Harvey Pitt on GameStop stock surge Former Securities and Exchange Commission Chairman Harvey Pitt reacts to lawmakers calling for the government to get involved in stock trade restrictions. Melvin Capital Management, the hedge fund squeezed by its short-selling bets that GameStop shares would fall, lost 53% on its portfolio in January, a source familiar with the matter told FOX Business. […]
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(Reuters) – Ford Motor Co will tap into software, artificial intelligence and cloud computing offered by Alphabet Inc’s Google to develop new consumer services and modernize internal operations, the companies said on Monday.FILE PHOTO: Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany September 10, 2019. REUTERS/Wolfgang Rattay/File PhotoAs part of a six-year partnership, the […]
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Silver miners First Majestic Silver, Pan American Silver, Wheaton Precious Metals, and more are all rising on Monday. The Silver spot price jumped 11% Monday morning before paring gains. Precious metals broker APMEX said it received 12 times the normal demand for silver last weekend. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Shares of silver miners […]
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FILE PHOTO: The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York, December 30, 2015./File Photo(Reuters) – Wall Street analysts on Monday gave little credence to the possibility of an Exxon-Chevron mega merger, as news of talks last year between the two largest U.S. oil companies leaked […]
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