Analysis: Remittance firms slow to add bitcoin, despite El Salvador move
El Salvador may be touting bitcoin’s use to help its citizens living abroad send funds back home, but the biggest remittance firms are cautious about offering cryptocurrency services.
EXCLUSIVE Exxon losing veteran oil traders recruited to beef up profit -sources
Exxon Mobil Corp (XOM.N) has lost two top crude oil traders from its U.S. energy trading group, according to people familiar with the matter, in a continued exodus from the group.
Wall Street flat with Fed meet in focus
U.S. stock indexeswere flat on Friday as focus turned to next week’s Federal Reserve meeting, while technology and growth- exposed sectors gained after inflation data calmed fears over a long-term spike in consumer prices.
GameStop lures Amazon talent with grand plans and no frills
GameStop Corp (GME.N) Chairman Ryan Cohen made a point of doing away with corporate excess such as a company plane and used the allure of rebuilding the videogame retailer to recruit Amazon.com Inc’s (AMZN.O) Australia chief Matt Furlong as chief executive, according to people familiar with the process.
EXCLUSIVE Biden considers giving refiners relief from U.S. biofuel laws, sources say
President Joe Biden’s administration, under pressure from labor unions and U.S. senators including from his home state of Delaware, is considering ways to provide relief to U.S. oil refiners from biofuel blending mandates, three sources familiar with the matter said.
Analysis: Push to end pandemic benefits may not be panacea for U.S. labor shortage
The 25 U.S. states calling an early halt to pandemic-related federal unemployment benefits have recovered more of the jobs lost during the crisis than other states, possibly limiting how much of a dent ending the weekly $300 payments will make in the national battle to fill record job vacancies.
Aon’s $30 bln Willis bid set for EU okay in late June, early July – sources
Insurance broker Aon’s (AON.N) $30 billion bid for Willis Towers Watson (WLTW.O), the biggest ever in the sector, is expected to get the EU antitrust green light later this month or in early July, people familiar with the matter said.
European shares hit record high, bond yields fall as inflation fears ease
Shares gained on Friday and bond yields fell from the United States to Europe as investors shrugged off rising U.S. consumer prices, even as fears of longer-term inflation lingered.
BlackRock becomes first to operate wholly owned China mutual fund biz
BlackRock Inc (BLK.N) has become the first global asset manager licensed to start a wholly owned onshore mutual fund business in China, as the government opens up the country’s $3.5 trillion mutual fund industry.
G7 eyes allocating $100 bln from IMF funds to COVID-ravaged nations-US
The United States and other Group of Seven nations are considering reallocating $100 billion from the International Monetary Fund’s warchest to help countries struggling most to cope with the COVID-19 crisis, the White House said.
