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LONDON (Reuters) – London retained its position as the top European destination for tech venture capital in 2020, with levels near the record amount of the year before despite the impact of COVID-19, according to research by Dealroom.co and London & Partners. Start-ups and growth companies attracted $10.5 billion worth of funding, accounting for more...
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By Yasin Ebrahim Investing.com – U.S. oil stockpiles fell last week, adding to expectations that crude demand will likely remain resilient as the vaccine rollout continues. U.S. crude inventories fell by 5.82 million barrels last week, according to an estimate released Tuesday by the American Petroleum Institute, after a draw of 1.67 million barrels the previous week. Gasoline...
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By Howard Schneider, Jonnelle Marte and Ann Saphir WASHINGTON (Reuters) -The Federal Reserve was nearly unanimous in its decision last month to leave its bond-buying program unchanged, but left a wide berth for officials to decide in the future if and when changes should be made, according to minutes of the U.S. central bank’s December...
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By Florence Tan SINGAPORE (Reuters) – Oil prices edged lower on Monday, the first day of 2021 trading, ahead of a meeting of OPEC and allied producers to discuss output levels for February with fears for first-half demand seeping into the market as the coronavirus pandemic lingers. Brent crude for March was at $51.76 a barrel,...
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(Reuters) – Alibaba (NYSE:BABA) Group Holding Ltd said on Sunday its board has authorized an increase in the company’s share repurchase programme to $10 billion (£7.39 billion) from $6 billion. “This Share Repurchase Program will be effective for a two-year period through the end of 2022,” Alibaba said in a statement https://bwnews.pr/38IF0r7 late on Sunday. Source: https://.investing.com/
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By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s industrial output likely grew for a sixth straight month in November in a sign of gradual recovery in factory activity, although a recent resurgence in COVID-19 infections clouds the outlook, a Reuters poll showed on Friday. The trade ministry data due at 8:50 a.m. on Monday (2350 GMT...
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By Andy Sullivan and Richard Cowan WASHINGTON (Reuters) -U.S. lawmakers on Thursday blocked attempts to alter a $2.3 trillion coronavirus aid and government spending package, rejecting President Donald Trump’s demand for extensive changes and leaving benefits for millions of Americans at risk. Democrats in the House of Representatives sought to increase direct payments to Americans...
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By Yuka Obayashi TOKYO (Reuters) -Oil climbed for a second day on Thursday in light holiday trade as a drawdown in U.S. stockpiles of crude and gasoline raised demand hopes, while hints of an imminent Brexit deal raised investors’ risk appetite. Brent crude futures rose 38 cents, or 0.7%, to $51.58 a barrel by 0530 GMT,...
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By Yasin Ebrahim Investing.com – The Dow gave up some gains into the close but ended higher Wednesday as energy and financials climbed even as President Donald Trump’s demands that Congress amend the stimulus bill threatened delays.   The Dow Jones Industrial Average rose 0.38%, or 114 points. The S&P 500 was up 0.07% while the Nasdaq Composite fell 0.29%. Trump said the...
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(Bloomberg) — Oil declined to the lowest in a week amid expectations that a new spreading coronavirus variant and related travel curbs will weaken global fuel consumption already under pressure. Futures slid 2% in New York on Tuesday. The new Covid-19 strain that emerged in the U.K. is possibly already in Germany, France and Switzerland,...
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