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Major EU states, IMF and even Bezos back minimum corporate tax rate

Major EU states, IMF and even Bezos back minimum corporate tax rate

(ATF) Germany, France and the International Monetary Fund were quick and emphatic in their endorsement of the US proposal for a global minimum tax rate for corporations on April 6. Even Amazon CEO Jeff Bezos – who has faced withering criticism from new US President Joe Biden for his company's …

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Risk appetite boosted as bond volatility calms 

Risk appetite boosted as bond volatility calms 

HONG KONG: Asian risk markets rallied as bonds stabilised on Monday and signs of progress in the US stimulus package and vaccine rollouts helped boost sentiment, with investors looking past the weak Chinese factory data published at the weekend.The US House of Representatives passed the $1.9 trillion coronavirus relief package, …

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US sticking to Trump’s China trade playbook for now 

US sticking to Trump’s China trade playbook for now 

The new US administration will not be ripping up Donald Trump’s China tariffs list just yet and will instead play a waiting game.Treasury Secretary Janet Yellen said this week the tariffs imposed by Joe Biden’s predecessor would remain in place for the foreseeable future until a comprehensive review had taken …

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G7’s first post-Trump meet a chance for US to build bridges 

G7’s first post-Trump meet a chance for US to build bridges 

Finance ministers and central bankers from the world’s Group of Seven richest nations met virtually on Friday to discuss pandemic fallout, climate change and digital taxation, with the new US administration pledging to rebuild bridges with its allies. Britain's finance minister, Rishi Sunak, who will co-chair the talks, wants the …

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US and Japan pledge economic cooperation to weather crisis

US and Japan pledge economic cooperation to weather crisis

(ATF) The US and Japan pledged on February 1 that their top economic priority was getting their economies on track, and vowed to work together to escape the current crisis through bold fiscal measures.Japanese Finance Minister Taro Aso and US Treasury Secretary Janet Yellen also agreed that it was important …

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Asia braces for Reddit volatility as Citadel faces GameStop fallout

Asia braces for Reddit volatility as Citadel faces GameStop fallo

(ATF) Citadel Securities is making huge revenue gains from the boom in online stock trading but facing intense focus on its role as a market-maker from investors driving the volume. A rise in the price of silver in early Asian trading points to another week of Reddit-driven volatility.Billionaire Ken Griffin …

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Biden's cabinet picks declare trade war with China far from over 

Biden's cabinet picks declare trade war with China far from over 

President-elect Joe Biden's choices to lead his economic and foreign policy push suggest that there will be no let-up in Washington's efforts to combat what it sees as China's trade abuses.It appears there might be some common ground with outgoing President Donald Trump, who over the past four years has …

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Asian markets mixed after new highs on Wall Street

Asian markets mixed after new highs on Wall Street

(ATF) Asian markets were mixed on Wednesday following a record surge on Wall Street amid a spurt of relief when it was confirmed that US President-elect Joe Biden could begin his transition to take power in the White House. Investors were also cheered by Biden's plan to nominate former Federal …

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