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Dollar steadies after hitting new lows on US-China tensions; euro's rise slows London - The dollar steadied early on Monday after reaching its lowest since September 2018 overnight, weakened by deteriorating U.S.-China relations and domestic economic concerns as U.S. COVID-19 infections showed no sign of slowing. FILE PHOTO: ...
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Dollar squashed as Fed seen softening inflation stance SINGAPORE (Reuters) - The dollar crumbled on Monday as cracks in the U.S. economic recovery drove investors away from the world's reserve currency as they increased bets the Federal Reserve could flag another accommodative shift in its outlook this ...
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Congress has battled airlines, banks, tobacco and baseball. Now it's preparing to clash with Big Tech. Congress brought the country's big banks to heel after the financial crisis, cowed a tobacco industry for imperiling public health and forced airline leaders to atone for years of treating their passengers poorly. Support our journalism. Subscribe today.
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Dollar in the doldrums as focus turns to Fed, US fiscal package SINGAPORE (Reuters) - The dollar nursed losses on Tuesday, after slumping to a two-year low, as investors worry about the damage from the coronavirus to the U.S. economy and await the latest outlook from the Federal Reserve and the passage of a new ...
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FOREX-Euro highest since 2018, dollar hurt by coronavirus spread (Adds dollar short positioning, sterling; updates prices) * Graphic: World FX rates in 2020 tmsnrt.rs/2RBWI5E By Karen Brettell NEW YORK, July 27 (Reuters) - The dollar tumbled to an almost two-year low against the euro on Monday on concerns about the ...
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Dollar on Course for Worst Month in Almost a Decade The dollar is on track to close out its worst month since April 2011 as a rise in coronavirus infections across the U.S. threatens to damp the economic recovery and keep low interest rates in place for longer. The ICE U.S. Dollar Index, which measures the ...
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Squeezed by Superpowers, HSBC Eyes Next Step of Endless Reboot Caught in the crossfire between Washington and Beijing, HSBC Holdings Plc is fighting forces that threaten to upend a business built on connecting China to the West. Chairman Mark Tucker is overseeing a sweeping review of HSBC's U.S. and European ...
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PPP was intended to keep employees on the payroll. Workers at some big companies have yet to be rehired. If the name of the Paycheck Protection Program didn't make its purpose clear, its key architects spelled it out. Sen. Marco Rubio (R-Fla.) explained that the program "was designed as an alternative for unemployment and to prevent unemployment." Treasury ...
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Thailand's beach resorts have reopened to domestic tourists. Here's what guests can expect Hua HIn, Thailand (CNN) — For travelers around the world, visiting a tropical beach resort in Thailand feels like a far-off dream right now due to Covid-19 travel restrictions. The country's borders remain closed to international tourists and plans for an aviation ...
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Amazon CEO Jeff Bezos Faces Rare Test in First Testimony Before Congress At Amazon.com Inc.'s AMZN 0.75% annual shareholder meeting in May, Chief Executive Jeff Bezos offered a familiar response when asked about scrutiny surrounding the company. "We want people to know the truth about Amazon and how we use our scale ...
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