Mexico’s central bank says U.S. stimulus will lift economy, create market challenges
MEXICO CITY (Reuters) – U.S. President Joe Biden’s $1.9 trillion stimulus package will help boost Mexico’s economy and exports but will also create financial market challenges in emerging economies, said Alejandro Diaz de Leon, the governor of Mexico’s central bank.
Recovery bets support stocks as Fed comes in focus
MILAN/TOKYO (Reuters) – World shares inched higher while U.S. bond yields hovered near a 13-month peak on Monday on bets economic growth would accelerate even though investors became wary of the Federal Reserve and other key central bank meetings in the days ahead.
Virgin Atlantic set to raise 160 million pounds in new financing
(Reuters) – British airline Virgin Atlantic, which has been hammered by the COVID-19 pandemic like much of the sector, is set to raise 160 million pounds ($222.75 million) in new financing, a spokeswoman for Richard Branson’s airline said in an emailed statement. “We continue to bolster our balance sheet in anticipation of the lifting of […]
First Digital goes live as Israel’s first new bank since 1978
JERUSALEM (Reuters) – First Digital Bank, the first new bank in Israel since 1978, started operations on Sunday on a trial basis, and said it planned to open to the public later in 2021. The bank, which Israel’s banking regulator approved last year, has 140 staff and has begun opening accounts and providing all banking […]
Biden to name Gene Sperling to lead COVID-19 relief plan: administration official
WASHINGTON (Reuters) – U.S. President Joe Biden will name Gene Sperling to lead implementation of the $1.9 trillion COVID-19 relief plan, one of the largest economic stimulus measures in American history, an administration official said on Sunday.
Warburg Pincus acquires stake in Edelman Financial Engines
[et_pb_section fb_built=”1″ _builder_version=”3.22″][et_pb_row _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”3.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”] (Reuters) – Private equity firm Warburg Pincus has agreed to acquire a minority stake in Edelman Financial Engines, valuing the U.S. investment advisory services provider at $7.3 billion, including debt, the companies told Reuters on Sunday. The deal represents a […]
UK firms see sharper 2021 rebound than international peers – Accenture
Rubio first U.S. Republican senator to support union push at Amazon.com
WASHINGTON (Reuters) – U.S. Senator Marco Rubio on Friday became the first high-profile Republican lawmaker to support a growing push to unionize Amazon.com Inc workers in Alabama, after several Democratic lawmakers visited the company’s facility last week.
European shares at fresh one-year peak after dovish ECB signal
(Reuters) – European stocks hit their highest level in a year on Thursday as worries about a spike in inflation eased and the European Central Bank said it was ready to accelerate money-printing to keep a lid on euro zone borrowing costs.
BHP lays down goals to cut own emissions by 30% by FY2030
MELBOURNE (Reuters) – BHP Group BHP.AX will focus on cutting its operational emissions by 30% by the 2030 financial year from 2020 levels, and will link executive bonuses to its progress, its chief executive said in a climate strategy update on Thursday. The world’s biggest listed miner will focus on using cleaner forms of power supply as […]
