December 3, 2021 (Reuters) – The U.S. Trade Representative’s office said on Friday it was committed to legislation strengthening the U.S. electric vehicle industry despite its inclusion of a tax credit that has drawn threats of retaliation from Mexico, which calls it “discriminatory”. The proposed $12,500 electric vehicle tax credit would include $4,500 for EVs […]

December 3, 2021 By Jason Lange WASHINGTON (Reuters) – The U.S. government could start missing payments on its bills as soon as Dec. 21 if Congress fails to raise a legal limit on public borrowing, the Bipartisan Policy Center said on Friday. The think tank’s projection, based on updated official data on tax receipts and […]

December 3, 2021 By Devik Jain (Reuters) – U.S. stock index futures edged lower on Friday with investors awaiting November payrolls data at the end of a volatile week marked by fears about the Omicron coronavirus variant slowing an economic recovery. Equity markets flitted between gains and losses all week as investors digested updates on […]

December 3, 2021 (Reuters) -China Evergrande has got a demand under a $260 million guarantee obligation, the company said on Friday, adding it may be unable to repay due to a liquidity crisis that has gripped China’s property sector. Repayment dates under certain other agreements may be pulled forward if it was unable to meet […]

December 3, 2021 TORONTO (Reuters) – Bank of Montreal closed out Canadian banks’ results season with better-than-expected fourth-quarter earnings on Friday, as strong growth across all major businesses drove adjusted earnings up 38% from a year earlier, and lifted its dividend 25%. Canada’s fourth-largest lender increased its dividend to C$1.33 from C$1.06 in prior quarters, […]

December 3, 2021 By Svea Herbst-Bayliss and Anirban Sen (Reuters) – Macy’s Inc is grappling with how to make its e-commerce business a standalone company without losing customers who rely on its department stores to pick up or return items they bought online, according to people familiar with the deliberations. The 163-year-old retailer said last […]

December 3, 2021 By Elizabeth Dilts Marshall and Maria Caspani NEW YORK(Reuters) – While news of the Omicron coronavirus variant threatens to derail U.S. companies’ return-to-office-plans, employers trying to get workers back into offices said they are encountering a different, unforeseen challenge: keeping the lights on. The disruptions to the global supply chain caused by […]

December 3, 2021 By Tom Bergin DUBLIN (Reuters) – Leaders of the world’s largest economies hailed a recent agreement to overhaul global corporate tax rules as key ensuring multinationals paid their fair share of tax. The October deal established a global minimum corporate tax rate of 15% aimed at curtailing profit-shifting to lower-tax jurisdictions such […]

December 3, 2021 LONDON (Reuters) – U.S. Treasuries saw their biggest inflows since October 2020 while investment grade and high yield bond funds saw large outflows on concerns of surging inflation and a hawkish Federal Reserve, BofA said in a weekly report on Thursday. Cash funds saw the biggest weekly inflows at $27.1 billion, followed […]

December 3, 2021 MOSCOW (Reuters) – Russia’s state communications regulator Roskomnadzor has filed administrative cases at a Moscow court against Google and Meta that could see fines imposed on the U.S. tech firms’ annual turnover in Russia, the RIA news agency reported on Friday. Roskomnadzor in October threatened both Alphabet’s Google and Meta’s Facebook with […]

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