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EU to borrow around 150 billion euros every year for recovery fund

EU to borrow around 150 billion euros every year for recovery fund

REUTERS 2021-04-14 17:23:13

The European Commission plans to borrow around 150 billion euros annually until 2026 to finance the bloc’s unprecedented plan to make its economy greener and more digitalised, making it the bigg...

EU regulators set July 27 deadline for decision on Aon, Willis deal

EU regulators set July 27 deadline for decision on Aon, Willis deal

Reuters 2021-04-14 14:41:23

European Union antitrust regulators have extended until July 27 the deadline for their decision on Aon’s $30 billion bid for rival Willis Towers Watson, a European Commission filing showed on We...

Insurance broker Aon's EU concessions for $30b Willis bid may not be enough

Insurance broker Aon's EU concessions for $30b Willis bid may not be enough

Reuters 2021-04-14 08:41:53

Insurance broker Aon’s offer to sell assets in five EU countries and takeover target Willis Towers Watson’s reinsurance arm may not be enough to address EU competition concerns, people fam...

Asian markets cautious ahead of US earnings and inflation data

Asian markets cautious ahead of US earnings and inflation data

Reuters 2021-04-13 08:18:56

Asia share markets were cautious on Tuesday after US markets weakened as investors anticipated the start of corporate earnings seasons and the release of key inflation data to indicate how the global...

US economy at an 'inflection point': Powell

US economy at an 'inflection point': Powell

-- 2021-04-12 11:43:47

The US economy is at an “inflection point” with expectations that growth and hiring will pick up speed in the months ahead, but also risks if a hasty reopening leads to a continued increas...

Microsoft in talks to buy AI firm Nuance Communications for 16b

Microsoft in talks to buy AI firm Nuance Communications for 16b

Reuters 2021-04-12 09:15:10

Microsoft Corp is in advanced talks to buy artificial intelligence and speech technology company Nuance Communications Inc at about $16 billion, according to a source familiar with the matter. The pr...

Investors keep faith in US value stocks as tech roars back

Investors keep faith in US value stocks as tech roars back

-- 2021-04-10 12:08:25

A rebound in growth and technology stocks has investors gauging whether a months-long rally in the shares of banks, energy companies and other economically sensitive names is running on empty or simpl...

S&P 500, Dow hit records

S&P 500, Dow hit records

Reuters 2021-04-10 08:59:16

The S&P 500 and the Dow rose on Friday to close at record highs, posting a third straight weekly rise partly on a lift from growth stocks, with a late-day rally building gains ahead of quarterly e...

IMF, WB to unveil 'green debt swaps' option by November

IMF, WB to unveil 'green debt swaps' option by November

-- 2021-04-09 14:18:57

Green debt swaps have the potential to spur accelerated action on climate change in developing countries, the head of the International Monetary Fund said on Thursday, pledging to present an option fo...

A taxing question for multinationals leaves stocks unscathed

A taxing question for multinationals leaves stocks unscathed

-- 2021-04-09 14:09:01

A global minimum corporate tax rate could deal a major blow to the multinationals which some governments allege shift billions of dollars in profits every year to low-tax havens, as well as triggering...

Global economy recovering from pandemic: IMF steering committee

Global economy recovering from pandemic: IMF steering committee

Reuters 2021-04-09 10:22:54

International Monetary Fund’s steering committee on Thursday said the global economy is recovering faster than expected from the Covid-19 crisis, but warned that a spike in interest rates could...

Myanmar crisis sounds death knell for garment industry, jobs, hope

Myanmar crisis sounds death knell for garment industry, jobs, hope

REUTERS 2021-04-08 19:46:01

Two years after opening his garment factory in Myanmar, Li Dongliang is on the verge of closing down and laying off his 800 remaining workers. Business had been struggling because of the COVID-19 pan...

IMF worried about middle-income countries with weaker fundamentals

IMF worried about middle-income countries with weaker fundamentals

Reuters 2021-04-08 09:47:32

The head of the International Monetary Fund on Wednesday said she would discuss with IMF members whether they back offering low- and no-interest financing to middle-income countries hit hard by the pa...

Net zero transition topped agenda in G7 talks

Net zero transition topped agenda in G7 talks

Reuters 2021-04-07 12:16:37

Top economic policymakers from the Group of Seven (G7) industrialised countries talked on Tuesday about how they will reform their economies to achieve their net zero emissions targets, this year&rsqu...

US job openings jump to two-year high

US job openings jump to two-year high

Reuters 2021-04-07 09:55:49

US job openings rose to a two-year high in February while hiring picked up as strengthening domestic demand amid increased Covid-19 vaccinations and additional pandemic aid from the government boost c...

IMF upgrades global growth forecast to 6.0pc in 2021

IMF upgrades global growth forecast to 6.0pc in 2021

XINHUA 2021-04-06 22:48:26

The International Monetary Fund (IMF) on Tuesday projected that the global economy will grow by 6.0 per cent in 2021, 0.5 percentage point above the January forecast, according to the latest World Eco...

G20 leaders to discuss on policies to prevent virus-battered economies

G20 leaders to discuss on policies to prevent virus-battered economies

-- 2021-04-06 16:39:37

The world’s financial leaders will discuss on Wednesday how to coordinate policies to prevent their virus-battered economies emerging from recession at highly different speeds, officials said ah...

Tesla's value set to gain $50b on record EV deliveries

Tesla's value set to gain $50b on record EV deliveries

Reuters 2021-04-06 09:53:35

Tesla was set to add about $50 billion to its market value as the electric car-maker’s shares surged on Monday, after it posted record deliveries on strong demand in China that helped it offset...

Suez Canal must upgrade quickly to avoid future disruption, experts say

Suez Canal must upgrade quickly to avoid future disruption, experts say

Reuters 2021-04-02 10:25:53

Egypt’s Suez Canal must move quickly to upgrade its technical infrastructure if it is to avoid future shipping disruption, shipping industry sources said, as the major trade route tries to bounc...

Online education platform Coursera opens 18pc higher in NYSE debut

Online education platform Coursera opens 18pc higher in NYSE debut

Reuters 2021-04-01 12:16:36

Shares of online learning platform Coursera Inc opened 18 per cent above the initial public offering price in their US debut on Wednesday, valuing the company at $5.08 billion. The stock opened at $3...

US private payrolls post biggest gain in six months

US private payrolls post biggest gain in six months

-- 2021-04-01 09:16:18

US private employers hired the most workers in six months in March as more Americans got vaccinated against COVID-19, pushing the economy towards a broader reopening, which is expected to unleash a st...

Saudi private sector to invest $1.3tn in diversification by 2030

Saudi private sector to invest $1.3tn in diversification by 2030

-- 2021-03-31 08:29:37

Saudi Arabia’s crown prince said oil firm Aramco and petrochemical firm SABIC would lead investments of 5 trillion riyals ($1.3 trillion) by the local private sector by 2030 under a programme an...

Asia, Pacific must avoid K-shaped recovery, says UN report

Asia, Pacific must avoid K-shaped recovery, says UN report

-- 2021-03-30 18:18:33

The Asia-Pacific region needs large, yet attainable, investments in resilience to protect development gains amid a fragile and inequitable post-COVID-19 economic recovery, says a UN report released on...

Vietnam sees foreign investment rise to $4.1b in first quarter

Vietnam sees foreign investment rise to $4.1b in first quarter

-- 2021-03-28 11:03:28

Vietnam received $4.1 billion in foreign direct investment (FDI) in the first three months of 2021, up 6.5 per cent from a year earlier, government data showed on Saturday. FDI has been a key driver...

Goldman sold $10.5b of stocks in block-trade spree

Goldman sold $10.5b of stocks in block-trade spree

Reuters 2021-03-28 10:29:17

Large block trades on Friday causing a wave of selling in a clutch of companies were driven by sales of more than $10 billion executed by Goldman Sachs Group, media reported on Saturday. Shares in Vi...

Asian shares wobble in volatile trade

Asian shares wobble in volatile trade

Reuters 2021-03-25 11:08:13

Asian equities bounced between gains and losses on Thursday as a selloff in Chinese technology shares due to concerns they will be de-listed from US bourses and worries about a semiconductor shortage...

Japan unveils measures to support pandemic-hit firms

Japan unveils measures to support pandemic-hit firms

-- 2021-03-23 15:14:51

Japan’s government on Tuesday unveiled measures to help midsize and large companies boost capital funds, officials have said, a step aimed at backing mainly restaurants and lodging businesses hi...

Wall Street rises on tech boost

Wall Street rises on tech boost

REUTERS 2021-03-23 09:02:46

Wall Street rallied on Monday as technology stocks rebounded from a recent selloff sparked by surging bond yields and Tesla jumped after a fund run by an influential investor in the electric-car maker...

What rising bond yields mean for markets

What rising bond yields mean for markets

-- 2021-03-20 10:32:49

Yields on US Treasuries have surged to their highest level in more than a year from record lows hit in 2020, as Federal Reserve commitments to hold rates near zero for years to come encouraged investo...

Global warming could cut 63 countries' credit ratings by 2030, study warns

Global warming could cut 63 countries' credit ratings by 2030, study warns

Reuters 2021-03-19 09:42:07

A new algorithm-based study by a group of UK universities has predicted that 63 countries – roughly half the number rated by the likes of S&P Global, Moody’s and Fitch - could see thei...