ATLANTA (Reuters) – Democrats won one U.S. Senate race in Georgia and led in another on Wednesday, moving closer to a sweep in a deep South state that would give them control of Congress and the power to advance President-elect Joe Biden’s policy goals. Raphael Warnock, a Baptist preacher from the historic church of Martin Luther King Jr., beat Republican […]
Read moreLONDON, Jan 6 (Reuters) – A record increase in government debt globally will hit emerging markets disproportionately, with developing nations not benefiting from lower interest rates and debt service burdens providing a cause for concern, Fitch Ratings said on Wednesday. Global sovereign debt soared by $10 trillion to $77.8 trillion, or 94% of world gross domestic product, as governments boosted […]
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FILE PHOTO: The logo of Walgreens is seen at their Times Square store in New York December 17, 2012. REUTERS/Andrew Kelly(Reuters) – U.S. drug wholesaler AmerisourceBergen Corp said on Wednesday it would buy Walgreens Boots Alliance’s drug distribution business for $6.5 billion to expand in Europe. AmerisourceBergen will pay Walgreens $6.27 billion in cash and deliver 2 million shares of […]
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(Reuters) -European stocks edged higher on Wednesday, led by economically sensitive sectors such as banks and energy, as investors braced for a Democratic win in pivotal U.S. Senate elections that could spur a bigger fiscal stimulus.FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, January 5, 2021. REUTERS/StaffThe pan-European STOXX 600 […]
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FILE PHOTO: A broker reacts while trading at his computer terminal at a stock brokerage firm in Mumbai, India, December 11, 2018. REUTERS/Francis MascarenhasBENGALURU (Reuters) – Indian shares ended lower on Wednesday, dragged down by market heavyweight Reliance Industries, and tracking broader global markets that fell on the possibility of a Democratic sweep in Senate runoffs in Georgia. The blue-chip […]
Read moreOSLO (Reuters) – Norway’s $1.3 trillion sovereign wealth fund, the world’s largest, said the COVID-19 pandemic and subsequent financial market upheaval had shown the importance of a diverse portfolio. The fund, which invests revenue from Norway’s oil, holds stakes in around 9,000 companies and owns around 1.5% of all globally listed shares, as well as fixed-income and real estate. “Some […]
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WASHINGTON (Reuters) – The U.S. Congress will convene on Wednesday to set the seal on President-elect Joe Biden’s victory in what is expected to be an unusually contentious and drawn-out proceeding because of planned objections by Republicans allied with President Donald Trump.U.S. President-elect Joe Biden campaigns for Democratic U.S. Senate candidates Jon Ossoff and Raphael Warnock at a rally ahead […]
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FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, January 5, 2021. REUTERS/Staff(Reuters) – European stocks rose on Wednesday, with economically sensitive sectors such as energy and banks leading the gains, as investors braced for a Democratic win in crucial U.S. Senate run-off election in Georgia that could drive bigger fiscal […]
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India stocks fluctuated as investors awaited vaccine deployment in the world’s second-largest coronavirus hotspot and ahead of the quarterly earnings season that begins Friday. The S&P BSE Sensex was little changed at 48,470.99 as of 9:51 a.m. in Mumbai, while the NSE Nifty 50 Index was also flat. Both measures, which swung through gains and losses several times, closed at […]
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