Denmark agrees deal to have 775,000 electric cars by 2030

FILE PHOTO: An anti-exhaust emission traffic sign is pictured in Copenhagen, Denmark April 18, 2017. REUTERS/Fabian BimmerCOPENHAGEN (Reuters) – Denmark on Friday agreed on a deal with parliament to put at least 775,000 electric or hybrid cars on Danish roads by 2030 in its latest move to reach its ambitious target reducing greenhouse gas emissions by 70% in 2030. The […]

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Dollar hits two-and-a-half-year low on risk-on trades, shares buoyant

LONDON (Reuters) – Growing prospects for a U.S. economic stimulus package and the roll-out of COVID-19 vaccines boosted demand for riskier assets on Friday, taking the safe-haven dollar to a 2-1/2-year low versus the euro and world shares towards record highs. A bipartisan, $908 billion coronavirus aid plan gained momentum in the U.S. Congress on Thursday as conservative lawmakers expressed […]

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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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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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Australia's Westpac sells general insurance unit to Allianz for $535 million

Slideshow ( 2 images )SYDNEY (Reuters) – Australia’s Westpac Banking Corp will sell its general insurance arm to German insurer Allianz for A$725 million ($535 million), it said on Wednesday, further trimming its portfolio to beef up capital and focus on local business. The transaction is the latest in a series of sales of underperforming insurance assets by the country’s […]

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Delisting renewables company PNE would have a price, says top investor

FRANKFURT (Reuters) – Activist fund ENKRAFT has urged the leadership of renewables firm PNE AG to ensure investors are adequately compensated in the event of a delisting by top shareholder Morgan Stanley.FILE PHOTO: A view of the Morgan Stanley London headquarters at Canary Wharf financial centre in London, Britain June 24, 2016. REUTERS/Russell BoyceMorgan Stanley last year tried to buy […]

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S&P Global to buy IHS Markit in deal valued at $44 billion

(Reuters) – Data giant S&P Global Inc has agreed to buy IHS Markit Ltd in a deal worth $44 billion that will be 2020’s biggest merger, creating a heavyweight in the increasingly competitive market in financial information.FILE PHOTO: The S&P office is seen at right in Canary Wharf in London, Britain March 6, 2020. REUTERS/Kevin CoombsThe mega deal, which includes […]

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London Stock Exchange opens Brexit trading hub in Amsterdam

LONDON (Reuters) – The London Stock Exchange’s pan-European share trading platform, Turquoise, opened for trading on Monday, a spokeswoman for the exchange said, joining two rival operators.FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby MelvilleThe Amsterdam-based hub was set up to avoid disruption to the LSE’s EU customers, […]

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