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U.S. tech industry leaders: French digital service tax harms global tax reform

9 hours ago DieselGasoil Comments Off on U.S. tech industry leaders: French digital service tax harms global tax reform
WASHINGTON (Reuters) – Major tech firms and U.S. tech industry groups said on Monday that France’s new digital services tax undermines the global tax regime and multilateral efforts to reform it. FILE PHOTO: The Google logo is pictured at the entrance to the Google offices in London, Britain January 18, 2019. REUTERS/Hannah McKay Alphabet Inc’s Read More

Deforestation in Brazil, vote in Argentina endanger EU-Mercosur pact

3 days ago DieselGasoil Comments Off on Deforestation in Brazil, vote in Argentina endanger EU-Mercosur pact
BRASILIA (Reuters) – Brazil’s backsliding on Amazon conservation under right-wing President Jair Bolsonaro and a likely Peronist return to power in Argentina could delay or even derail ratification of an EU-Mercosur trade agreement that took two decades to negotiate. FILE PHOTO: An aerial view of a tract of Amazon jungle recently cleared by loggers and Read More

Dollar firms, stocks soar on ECB rate cut expectations

4 days ago DieselGasoil Comments Off on Dollar firms, stocks soar on ECB rate cut expectations
NEW YORK (Reuters) – The dollar strengthened while U.S. and European stocks surged on Friday amid growing expectations the European Central Bank will cut interest rates to stimulate the economy and after China said it plans to boost disposable income to spur consumption. Benchmark U.S. Treasury yields rose from three-year lows but government bond yields Read More

Stocks gain on stimulus hopes but still head for third losing week

4 days ago DieselGasoil Comments Off on Stocks gain on stimulus hopes but still head for third losing week
LONDON (Reuters) – World stocks rose on Friday as expectations grew of further stimulus by central banks, offsetting worries about slowing economic growth, which intensified this week as the U.S. yield curve inverted for the first time since 2007. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Read More

Stocks buoyed by stimulus hopes but still head for third losing week

4 days ago DieselGasoil Comments Off on Stocks buoyed by stimulus hopes but still head for third losing week
LONDON (Reuters) – World stocks rose on Friday as expectations grew of further stimulus by central banks, offsetting worries about slowing economic growth, which intensified this week as the U.S. yield curve inverted for the first time since 2007. FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, Read More

Asia stocks take heart in stimulus speculation

4 days ago DieselGasoil Comments Off on Asia stocks take heart in stimulus speculation
SYDNEY (Reuters) – Asian shares found some footing on Friday after a turbulent week as China hinted at more support for its economy, amid growing expectations of aggressive stimulus from all the major central banks. FILE PHOTO: An investor looks at an electronic board showing stock information at a brokerage house in Shanghai, China September Read More

Asia stocks nurse losses, bonds hold huge gains

4 days ago DieselGasoil Comments Off on Asia stocks nurse losses, bonds hold huge gains
SYDNEY (Reuters) – Asian shares were heading for weekly losses on Friday as conflicting messages on the Sino-U.S. trade war only added to worries for the global economy, while talk of aggressive central bank stimulus drove bond yields to fresh lows. FILE PHOTO: An investor looks at an electronic board showing stock information at a Read More

WeWork to test IPO investor appetite with widening losses

5 days ago DieselGasoil Comments Off on WeWork to test IPO investor appetite with widening losses
(Reuters) – WeWork owner The We Company published detailed financial statements for the first time on Wednesday, revealing breakneck revenue growth and soaring losses, as it prepares for an initial public offering as early as next month. The IPO, which could raise several billion dollars, will be a key test of investor appetite for fast-growing, Read More