SINGAPORE / NEW YORK (Reuters) – The euro remained at its highest point in 18 months, silver soared and commodities advanced on Wednesday as hopes of economic recovery pushed up bets on a recovery in global demand and the fall of the US dollar. FILE PHOTO: A security guard wearing …
Read More »EU delays stringent rule of law conditions for recovery fund
BRUSSELS / AMSTERDAM (Reuters) – Hungary, Poland and the Netherlands were victorious on Tuesday after a European Union summit left open the way to link a new coronavirus recovery fund to democratic values, raising questions on whether compliance would be possible or significant. Dutch Prime Minister Mark Rutte (left), European …
Read More »EU leaders in ‘internal tranche’ for recovery deal after days of disputes
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 »EU recovery fund sends shares, euros to four-month highs
LONDON (Reuters) – Global equities and the euro reached their strongest levels since March on Tuesday after European Union leaders sealed a post-pandemic stimulus plan of € 750 billion ($ 857 billion) after of a five-day marathon. FILE PHOTO: People pass the offices of the London Stock Exchange Group in …
Read More »GLOBAL MARKETS: Asian stocks expand gains as investors get stimuli and vaccines
* Asian stocks up more than 1%, Nikkei up 0.6% * EU recovery fund agreement seen within reach * Investors expect US stimulus of more than $ 1 trillion * Asian Stock Markets: tmsnrt.rs/2zpUAr4 By Hideyuki Sano and Elizabeth Dilts Marshall TOKYO / NEW YORK, July 21 (Reuters) – Asian …
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