economy

World stocks near record high, U.S. bond yields near 1-month low

World stock prices held near record highs on Wednesday, while U.S. bond yields flirted with their lowest levels in a…

4 years ago

Russia’s high inflation shifts expectations for bigger rate hike on Friday

Russia's unexpectedly high inflation in May prompted a wide-scale revision of forecasts, shifting market expectations towards a bigger 50 basis-point…

4 years ago

SoftBank-backed DoorDash enters Japan

U.S. food delivery firm DoorDash Inc (DASH.N), which is backed by SoftBank Group Corp (9984.T), announced the launch of services…

4 years ago

Leading crypto exchanges scout entry into India despite potential ban

Global digital currency exchanges are exploring ways to set up in India, following in the footsteps of market leader Binance,…

4 years ago

U.S. forming expert groups on safely lifting global travel restrictions

The Biden administration is forming expert working groups with Canada, Mexico, the European Union and the United Kingdom to determine…

4 years ago

EXCLUSIVE Mexico not eyeing tax hikes in fiscal reform -deputy finance minister

Mexico's government does not envisage tax increases in an upcoming fiscal reform plan, but will consider closing loopholes, improving taxing…

4 years ago

Brent oil benchmark hits 2-year high, WTI highest since 2018

Oil prices continued to rally on Wednesday on signs of strong fuel demand in western economies, while the prospect of…

4 years ago

Dollar teeters as inflation test looms

The dollar clung to a small bounce on Wednesday as traders looked to upcoming U.S. inflation data and a European…

4 years ago

UK pushes for financial services to be exempt from G7 global tax plan

British finance minister Rishi Sunak is pushing for financial services firms to be exempt from a new global tax system…

4 years ago

Bitcoin falls to 3-week low as IRS seeks approval for reporting rules

Bitcoin fell to a three-week low on Tuesday amid signs of institutional investor caution, while the head of the U.S.…

4 years ago