Equities hover near record highs as stimulus hopes build

NEW YORK (Reuters) – World equity benchmarks hovered near record highs and the dollar remained near 2-1/2-year lows on Wednesday as investors weighed the first approval of a coronavirus vaccine and the prospects for more U.S. economic stimulus with disappointing American jobs data.Slideshow ( 2 images )Britain approved Pfizer’s COVID-19 vaccine on Wednesday, jumping ahead of the United States and […]

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DBS, Standard Chartered to cut interest rates further on savings accounts

SINGAPORE – DBS Bank and Standard Chartered (StanChart) will cut already-low interest rates further on their savings accounts from next year. Singapore’s largest lender, DBS, will cut rates for its flagship DBS Multiplier deposit account, which offers customers tiered interest rates on their account balances. Interest rates are higher if customers transact in larger amounts with DBS or if they spend […]

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‘That’s how you deal with it’ Matt Hancock shuts down SNP’s attack on UK Covid plans

We will use your email address only for sending you newsletters. Please see our Privacy Notice for details of your data protection rights. Health Secretary Matt Hancock, making a statement to the Commons, said today was a “monumental” day for the UK as regulators approved the first coronavirus vaccine. But SNP MP Dr Philippa Whitford criticised the Government’s decision to […]

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Amazon workers in Germany to go on strike on 'Black Friday'

FRANKFURT (Reuters) – Trade union Verdi called on workers at seven German Amazon warehouses to go on a three-day strike that will coincide with “Black Friday” discount shopping sales on Nov. 27. Scheduled to begin with Wednesday’s night shift, Verdi is demanding better pay and working conditions. Verdi has been organising strikes at Amazon in Germany – the company’s biggest […]

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Bonmarche in administration again just months after rescue

Fashion retailer Bonmarche has tumbled into administration again, little over a year since its last collapse and just months after it was bought up. The failure represents the third major high street brand to throw in the towel in as many days – with Debenhams being wound down and Sir Philip Green’s Topshop empire calling in administrators. In Bonmarche’s case, […]

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Stocks rest after vaccine progress, dollar stuck at two-and-a-half-year low

LONDON (Reuters) – World stocks hovered near record highs on Wednesday on hopes for a coronavirus vaccine and additional U.S. economic stimulus, though enthusiasm for riskier assets left the dollar stuck at a 2-1/2 year low.FILE PHOTO: People wearing protective face masks, following an outbreak of the coronavirus, are reflected on a screen showing Nikkei index, outside a brokerage in […]

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