Air France leads tax pushback in climate vs recovery fight

Air France leads tax pushback in climate vs recovery fight

Air France-KLM (PA:AIRF) is battling new green taxes on top of the coronavirus crisis – in a test of growing policy tensions between righting Europe’s crippled airlines and delivering on climate goals. The Franco-Dutch group,…

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Tin prices to extend rally as electronics sector recovers 

Tin prices to extend rally as electronics sector recovers 

Tin prices are due to extend their rally next year as top consumer China stocks up on the metal due to a recovery in demand for electronic goods. The bulk of tin, making up nearly…

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Mexico inflation near 15-month high ahead of rates decision

Mexico inflation near 15-month high ahead of rates decision

Mexican inflation was close to a 15-month high during the first half of September, authorities said on Thursday, feeding speculation that the central bank will make a smaller rate cut at a monetary policy meeting…

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China investors bet on volatility as U.S. presidential election heats up

China investors bet on volatility as U.S. presidential election heats up

Investors in China are betting on a bumpy ride until the end of the U.S. presidential election and seeking to protect their assets from a long chill in Sino-U.S. ties. Global equity fund managers are…

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Powell, Tesla Battery Day and TikTok Snag: 5 Things to Know Today in Markets

Powell, Tesla Battery Day and TikTok Snag: 5 Things to Know Today in Markets

Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin update Congress on the state of the economy; global stocks bounce weakly after Monday’s rout, and U.S. markets are set to open mixed; Sterling falls…

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Norway rates seen on hold at zero, but outlook may change

Norway rates seen on hold at zero, but outlook may change

Norway’s central bank is expected to keep its key interest rate at a record low zero percent this week, a Reuters poll found on Monday, leaving many economists to focus on any potential shift in…

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Euro zone banks get 73 billion euro ECB relief to withstand pandemic 

Euro zone banks get 73 billion euro ECB relief to withstand pandemic 

The European Central Bank on Thursday gave euro zone banks relief worth 73 billion euros from a key capital requirement in order to help them keep credit flowing amid the coronavirus pandemic. The 115 banks…

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US budget deficit soars to $3tn record

US budget deficit soars to $3tn record

The US budget deficit has hit a record high of more than $3tn (£2.3tn), driven by the government’s massive spending on coronavirus relief. The federal government spent more than $6tn in the first 11 months of…

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Genting Malaysia injecting $150 million into U.S.-based Empire Resorts

Genting Malaysia injecting $150 million into U.S.-based Empire Resorts

Casino operator Genting Malaysia Bhd (KL:GENM) is injecting $150 million cash into its U.S.-based unit Empire Resorts Inc for working capital and financing purposes, the company said . The casino, amusement park and resort group said it…

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Fear and frustration: Europe’s wealthy keep wallets closed

Fear and frustration: Europe’s wealthy keep wallets closed

By this time of year, Ilene Steele, 63, would usually have several trips behind her: one to visit family in the United States, a holiday in Italy, and a few day excursions in London, where…

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