BRUSSELS (Reuters) – European Union leaders appeared to be close to agreeing on a massive stimulus plan for their coronavirus-ruined economies on Monday night after the president of his four-day summit presented a new proposal to close the gaps between them. EU Council President Charles Michel said he was confident …
Read More »Tesla Stock Rally Pushes Some of the First Fanatic Investors to Wealth
NEW YORK / SEOUL (Reuters) – Convinced of Tesla Inc (TSLA.O) Imminent meteoric rise, Orestis Palampougioukis, a Netherlands-based software developer, took out a loan of 43,000 euros ($ 49,000) in early October to invest it all in the electric car maker, which at the time was trading at around $ …
Read More »EU leaders struggle with ‘mission impossible’ at stalled recovery summit
BRUSSELS (Reuters) – EU leaders found themselves at a standstill on Monday after three days of haggling over a plan to revive economies strangled by the COVID-19 pandemic, but the president of his summit nearly set a record he urged them to give one last push on “mission impossible”. Charles …
Read More »The euro and eurozone bond markets are hopeful for a recovery fund; higher stocks
LONDON (Reuters) – Eurozone and eurozone bond markets had hopes that European Union leaders would reach an agreement on a recovery fund for the economy devastated by the bloc’s pandemic on Monday, while the The region’s stock markets cautiously climbed the talks higher. FILE PHOTO: The London Stock Exchange Group …
Read More »EU leaders show first signs of commitment to stimulus plan
BRUSSELS (Reuters) – Signs emerged that leaders of northern European Union countries were ready to commit to a 1.8 trillion euro (2 trillion) coronavirus stimulus plan on Monday as talks in Brussels they extended to a fourth day. Divided and slow to respond to the start of the coronavirus outbreak …
Read More »