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BERLIN (Reuters) – German companies expect public life to be restricted for a further 8.5 months due to coronavirus, a survey by the Ifo economic institute showed on Monday, as Europe’s largest economy battles to recover from a pandemic-induced downturn. Leisure firms, hit hard by the coronavirus crisis, are particularly pessimistic, expecting restrictions to last...
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MELBOURNE (Reuters) – Oil prices climbed in early trade on Monday, clawing back over half of Friday’s losses, on hopes for a stimulus deal to shore up the U.S. economic recovery and a pledge from Iraq to deepen its crude oil supply cuts. U.S. West Texas Intermediate (WTI) crude (CLc1) futures rose 49 cents, or...
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1 / 4 Trump President Donald Trump speaks during a news conference at the Trump National Golf Club in Bedminster, N.J., Saturday, Aug. 8, 2020. (AP Photo/Susan Walsh) BEDMINSTER, N.J. (AP) — President Donald Trump on Saturday bypassed the nation’s lawmakers as he claimed the authority to defer payroll taxes and replace an expired unemployment...
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BUSINESS Nasdaq snaps 7-day winning streak Posted August 8, 2020 The Nasdaq closed lower on Friday, as data showed a sharp slowdown in U.S. employment growth and investors worried lawmakers would fail to agree on another fiscal stimulus bill to bolster the economy from a coronavirus-induced recession. Fred Katayama reports. Source : https://www.reuters.com/
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Beijing doesn’t want to “poison the business climate in China”, says expert With President Trump’s executive order banning of popular Chinese apps TikTok and WeChat on the horizon, investors and regulators arewill mean for American companies and U.S-China relations, Paul Triolo, Eurasia Group Head of Global Tech Policy, joins The Final Round to discuss the...
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(Bloomberg) — Gold is set for the longest stretch of weekly gains since 2006 as it continues to post records amid rising haven demand, the prospect of more stimulus and simmering U.S.-China tensions. Silver closed in on $30 an ounce as it headed for its biggest weekly jump since 1980. White House and Democratic negotiators...
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By Sam Nussey TOKYO (Reuters) – SoftBank Group Corp (T:9984) is seen booking a 75% first-quarter profit plunge on Tuesday, albeit making a return to profitability, as the coronavirus outbreak continued to weigh on the tech bets of CEO Masayoshi Son’s $100 billion Vision Fund. The Japanese conglomerate is expected to record operating profit of...
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By Geoffrey Smith  Investing.com — The U.S. sandwiches in jobless claims numbers between the two big monthly assessments of the labor market. Stock markets are set to open mixed as U.S. lawmakers continue to haggle over the next fiscal support measures. Germany’s factories are set to start humming again but European earnings disappoint, and gold...
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As expected, the BoE kept monetary policy on hold with interest rates at the historically low levels of 0.1%. This meant that the quarterly inflation report and the tone of the central bank would drive movement in GBP. Quarterly inflation report The central bank presented an improved outlook in the quarterly inflation report for this year. GDP...
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By Andy Bruce and David Milliken LONDON (Reuters) – The Bank of England said on Thursday it expected Britain’s economy to take longer to get back to its pre-Covid pandemic size and it warned of possible risks from taking interest rates below zero. The BoE, announcing unanimous votes by its policymakers to make no changes...
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