(Reuters) – The Dow and the S&P 500 rose on Wednesday, with investors piling into economy-linked financial and industrial stocks on bets that a Democrat-controlled Senate would lead to more fiscal stimulus and infrastructure spending.FILE PHOTO: The U.S. flag covers the front facade of the New York Stock Exchange (NYSE) in New York City, New […]
Slideshow ( 2 images )MILAN (Reuters) – Italy’s government is working on a plan to take on about 14 billion euros ($17.27 billion) of UniCredit’s non-performing loans to make a deal for state-owned Monte dei Paschi more attractive to the country’s second-biggest bank, sources said. State-owned bad loan manager AMCO is looking to hoover up […]
Weekly Money FM Podcasts (Jan 6) Pandemic retail and future trends (featuring Mr Arvin Singh, chief operating officer and co-founder, Hoolah) Digital transformation gains pace (featuring Mr Max Tiong, head of digital transformation, NTUC Income ) Can you drink to your heart’s content? (featuring Dr Reginald Liew, senior consultant cardiologist, Harley Street Heart & Vascular Centre, Gleneagles) […]
LONDON/SYDNEY (Reuters) – The growing chance of Democratic wins in two pivotal Senate contests on Wednesday triggered financial market moves mirroring hopes of more COVID-19-related stimulus and increased regulatory scrutiny of tech companies.A Fulton County election worker puts absentee ballots in a scanner as election observers look on, at the Georgia World Congress Center in […]
SYDNEY (Reuters) – Asian markets were leaning toward a Democratic win in crucial Senate contests on Wednesday as Treasury yields hit 1% for the first time in 10 months on expectations of more debt-funded spending on COVID-stimulus, infrastructure and renewable energy.Slideshow ( 2 images )Analysts generally assume a Democrat-controlled Senate would be positive for economic […]
SYDNEY (Reuters) – Asian markets were leaning toward a Democratic win in crucial Senate contests on Wednesday as Treasury yields hit 1% for the first time in 10 months on expectations of more debt-funded spending on COVID-stimulus, infrastructure and renewable energy.Slideshow ( 2 images )Analysts generally assume a Democrat-controlled Senate would be positive for economic […]
As we leave behind a year of plague and solitude and hope for an age of renewal and togetherness, readers may yearn for uplifting stories about family, love and community. If you are one of those people, here is some advice: Read something else. Because there is nothing but malice and exorbitant legal fees in […]
Colorado stocks, led by a blockchain company and a growhouse supplier, managed to outperform two out of the three major U.S. stock indices, despite having a heavy concentration of energy firms. The Bloomberg Colorado Index, a price-weighted basket of 58 companies based in the state, rose 25.1% on the year, surpassing the 7.2% return in […]
The year just ended has been significantly challenging for the fashion retail industry, which had to deal with multiple lockdowns and consequently with piles of unsold merchandise. But in 2020 Italy’s top luxury stores made significant investments that, in the year ahead, should help them maintain their position among the leaders in global independent retailing. […]
FILE PHOTO: Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone BaseSINGAPORE (Reuters) – Oil prices were little changed on Tuesday after OPEC and allied producers, including Russia, continued deadlocked talks on February output while fuel demand concerns lingered on amid […]