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Biden's Tax Plan Aims to Raise $2.5 Trillion and End Profit-Shifting The plan detailed by the Treasury Department would make it harder for companies to avoid paying taxes on both U.S. income and profits stashed abroad.
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Quantum technology emerges from the lab to spark a mini start-up boom Forty years after the renowned physicist Richard Feynman floated the idea for a quantum computer, the technology is starting to seep out of academic labs and into the real world. Several companies are making progress developing quantum computers and ...
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Top Official Warned That Covid Vaccine Plant Had to Be 'Monitored Closely' An Operation Warp Speed report last June flagged staffing and quality control concerns at Emergent BioSolutions' factory in Baltimore. The troubled plant recently had to throw out up to 15 million doses.
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INSTANT VIEW 4-India cenbank holds rates at record lows amid concerns over rising COVID-19 cases April 7 (Reuters) - The Reserve Bank of India (RBI) kept interest rates steady at record lows on Wednesday, as widely expected, sticking to its accommodative monetary policy amid concerns that rising COVID-19 infections could derail the country's nascent ...
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US trade deficit hits record high as economy gains speed WASHINGTON (Reuters) -The U.S. trade deficit surged to a record high in February as the nation's economic activity rebounded more quickly than that of its global rivals and could remain elevated this year, with massive fiscal stimulus expected to spur the ...
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Oil Snaps Two-Day Advance as Pandemic Worsens in India, Canada West Texas Intermediate retreated as much as 0.9%, snapping a two-day advance. India, the world's third-biggest oil importer, has been recording more than 100,000 new coronavirus cases a day, and key states face a vaccine shortage.
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Oil prices rise on stronger economic outlook, US stockpile draw SINGAPORE (Reuters) - Oil prices edged higher on Wednesday on the prospects for stronger global economic growth amid increased COVID-19 vaccinations and a report that crude inventories in the United States, the world's biggest fuel consumer, fell.
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Oil up on global economic recovery, but hefty US fuel stocks weigh NEW YORK (Reuters) -Oil futures inched higher on Wednesday on an improving global economic outlook, but gains were capped by rising gasoline inventories and fears that new coronavirus outbreaks will weaken a global recovery in fuel demand.
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Sterling sinks to two-week low vs euro, one-week low vs dollar LONDON, April 7 (Reuters) - Sterling sank on Wednesday as profit-taking by traders after a strong first quarter for the British currency pulled it to a week's low against the dollar and its lowest in two weeks against the euro.
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Dollar stuck near two-week lows amid lower US yields TOKYO (Reuters) - The U.S. dollar traded near more than two-week troughs versus major peers on Thursday, tracking Treasury yields lower, after minutes of the Federal Reserve's March policy meeting offered no new catalysts to dictate market direction.
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