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FILE PHOTO: U.S. President Donald Trump during a brief appearance in the Brady Press Briefing Room at the White House in Washington, U.S., November 24, 2020. REUTERS/Hannah McKay/File PhotoWASHINGTON (Reuters) - U.S President Donald Trump is expected to sign a bill that could prevent some Chinese companies from listing their shares on U.S. exchanges unless they adhere to U.S. auditing standards, the White House said on Wednesday. The bill, which passed the Senate earlier this year and was approved by the House of Representatives on Wednesday, could hit companies such as Alibaba, tech firm Pinduoduo Inc and oil giant PetroChina Co Ltd.. If signed into law, the measure would give Chinese companies listed on U.S. exchanges three years to comply with U.S. auditing rules before being removed from U.S. markets.
Persons: Donald Trump, Hannah McKay Organizations: White, REUTERS, WASHINGTON, Pinduoduo Inc Locations: Brady, Washington , U.S, U.S
Trump has increasingly complained about the law as platforms like Twitter fact-checked his posts before and after the election. “That's not a part of the bill,” he said on Wednesday, adding that he has said the same to Trump. Trump maintains high approval ratings among Republican voters, which has made some lawmakers squeamish about crossing him. Others in the party are hopeful Trump can be convinced that completing the year-end items would boost his image. He said that if such a deal materializes, it would likely be attached to the government funding bill that must pass by Dec. 11 to avoid a shutdown.
Persons: Donald Trump’s, Trump, Joe Biden, James Inhofe, “ That's, , John Thune of, Chip Roy, Paul Mitchell of Michigan, , Sen, Josh Hawley, Roger Wicker, ” Sen, Thom Tillis, , Mitch McConnell, John Kennedy, Nancy Pelosi, Chuck Schumer, they've, McConnell, Mitt Romney, Joe Manchin, Sheldon Whitehouse, Ron Wyden, “ Trump Organizations: WASHINGTON, National Defense, Capitol, Trump, Republican, Rep, Texas, NBC News, White Locations: John Thune of South Dakota, Ky, Covid, R, Utah
While is applies to companies from any country, the legislation’s sponsors intended it to target Chinese companies listed in the United States, such as Alibaba, tech firm Pinduoduo Inc and oil giant PetroChina Co Ltd.. Chinese foreign ministry spokeswoman Hua Chunying said before the vote that it was a discriminatory policy that politically oppresses Chinese firms. Shaun Wu, a Hong Kong-based partner at law firm Paul Hastings, said increased enforcement against Chinese companies was likely even though Democrat Joe Biden will become president in January. He said if the bill becomes law, “all Chinese companies listed in the U.S. will face enhanced scrutiny by the U.S. authorities and inevitably consider all available options.”This could include listing in Hong Kong or elsewhere, he said. Several U.S.-listed Chinese firms, including Alibaba and KFC China operator Yum China, have recently carried out secondary listings in Hong Kong.
Persons: Donald Trump, Brendan McDermid, Trump, White, Chris Van Hollen, John Kennedy, , ” Kennedy, , ” ‘, Hua Chunying, ” Hua, Alibaba, Maggie Wu, Shaun Wu, Paul Hastings, Joe Biden Organizations: WASHINGTON, U.S . House, Alibaba Group Holding, New York Stock, REUTERS, Foreign Companies, U.S . Public, Pinduoduo Inc, Beijing, Trump, Democratic, Republican, American Securities Association, Chinese Communist Party, Senate, U.S, Alibaba, KFC Locations: Beijing, United States, China, , Washington, U.S, Hong Kong, KFC China
Former French President Giscard d'Estaing dies at 94
  + stars: | 2020-12-02 | by ( Michel Rose | Sarah White | ) + 1.00   time to read: +2 min
PARIS (Reuters) - Former French President Valery Giscard d’Estaing, a key architect of European integration in the early 1970s, has died at the age of 94 after contracting COVID-19. Slideshow ( 5 images )Giscard, who was France’s leader from 1974 to 1981, had recently been hospitalised in Tours, in western France. Giscard was known for steering a modernisation of French society during his presidency, including allowing divorce by mutual consent and legalising abortion, and was one of the architects of European integration. He was also an ardent Anglophile, and took office a year after Britain joined the European Economic Community. Michel Barnier, who is the lead European Union negotiator in talks with Britain over Brexit, said: “For Valery Giscard d’Estaing, Europe needed to be a French ambition and France a modern nation.
Persons: Valery Giscard d’Estaing, Giscard, Charles de Gaulle’s, Francois Mitterrand, Nicolas Sarkozy, , Emmanuel Macron’s, Christophe Castaner, Helmut Schmidt, , Denis McShane, Michel Barnier Organizations: PARIS, French, West, European Monetary, Britain, European Economic, Twitter, Union Locations: Tours, France, Europe, West German
The idea that your student loans have little impact on your credit score is a common myth. The two accounts that regularly show up on credit reports are installment credit and revolving credit. Student loans — in addition to car loans, personal loans and mortgages — are considered installment loans, and they factor into your credit score. "Default on a few student loans, and you'll see just how much student loans affect your scores," financial expert John Ulzheimer, formerly of FICO and Equifax, tells CNBC Select. Doing so can help you build credit and lead you on the path to establishing a good credit score.
Persons: John Ulzheimer Organizations: CNBC Locations: FICO
Visa backs the first-ever credit card to offer bitcoin rewards
  + stars: | 2020-12-02 | by ( Alexandria White | Megan Dematteo | ) sentiment -0.96   time to read: +1 min
It's about to get a lot easier to earn bitcoin thanks to a first-of-its-kind credit card: the Bitcoin Rewards Credit Card. While there are debit cards by Coinbase and Fold that offer bitcoin rewards, this is the first credit card that rewards you with the cryptocurrency, instead of points or miles. Visa and cryptocurrency financial tech company BlockFi have partnered to release the Bitcoin Rewards Credit Card to U.S. residents in all states except for New York (due to regulatory restrictions) in spring 2021. Cardholders will earn 1.5% cash back on all purchases that will automatically be converted to bitcoin and placed into a BlockFi account every month. The Bitcoin Rewards Credit Card will have a $200 annual fee, but it can be offset in the first year thanks to the card's welcome bonus: earn $250 in bitcoin after spending $3,000 or more on the card within the first three months from account opening.
Persons: Cardholders, bitcoin, it's Organizations: New, Evolve Bank & Trust Locations: New York, bitcoin
Eligible cards include: Southwest Rapid Rewards® Plus Credit Card, Southwest Rapid Rewards® Premier Credit Card and Southwest Rapid Rewards® Priority Credit Card (which is our top choice for Southwest in our roundup of the best airline credit cards). How to earn 80,000 bonus points with Southwest Rapid Rewards credit cardsThe new Southwest Rapid Rewards bonus is two-tier, so you'll need to meet both spending thresholds in order to earn the full 80,000 points. Chase includes the following eligibility requirements on its website: The product is not available to either (i) current cardmembers of any Southwest Rapid Rewards® Credit Card, or (ii) previous cardmembers of any Southwest Rapid Rewards Credit Card who received a new cardmember bonus within the last 24 months. This does not apply to cardmembers of the Southwest Rapid Rewards Business Card and Employee Credit Card products. While Southwest Rapid Rewards newbies can earn the welcome bonus, former Southwest Rapid Rewards cardholders can as well so long as they haven't received a new cardmember bonus for any Southwest Rapid Rewards card in the past 24 months.
Persons: Chase, It's, you've, haven't Organizations: Rapid, Rapid Rewards, Card, Southwest, Southwest Rapid, Chase, U.S, Rewards, U.S ., CNBC
Trump backs McConnell's Republican COVID-19 relief package: Mnuchin
  + stars: | 2020-12-02 | by ( Reuters Staff | ) sentiment -0.99   time to read: +1 min
FILE PHOTO: Treasury Secretary Steven Mnuchin testifies before the Senate Banking Committee hearing on "The Quarterly CARES Act Report to Congress" on Capitol Hill in Washington, U.S., December 1, 2020. Susan Walsh/Pool via REUTERSWASHINGTON (Reuters) - President Donald Trump will sign coronavirus relief legislation proposed by Republican Senate Majority Leader Mitch McConnell, Treasury Secretary Steven Mnuchin told reporters on Wednesday, should the proposed package pass the U.S. Congress. Mnuchin spoke a day after he and White House Chief of Staff Mark Meadows addressed COVID-19 relief with McConnell and House Republican leader Kevin McCarthy in a private discussion that focused on measures that Trump could be expected to sign into law. McConnell’s outline is very close to the legislation that the Senate leader has been touting for months and was rejected by Democrats, according to one Senate Republican source. The plan includes $332.7 billion in new loans or grants to small businesses, according to a document provided to Reuters.
Persons: Steven Mnuchin, Susan Walsh, Donald Trump, Mitch McConnell, , McConnell, ” Mnuchin, Mnuchin, Mark Meadows, Kevin McCarthy Organizations: REUTERS WASHINGTON, Republican, U.S . Congress, Capitol, White, Trump, Democratic, Reuters Locations: Washington , U.S, COVID
Treasury Secretary Steven Mnuchin said Trump supported a proposal put forth by Republican Majority Leader Mitch McConnell after he rejected on Tuesday a $908 billion bipartisan package. McConnell’s outline is very close to the legislation that the Senate leader has been touting for months and was rejected by Democrats, according to one Senate Republican source. “The president will sign the McConnell proposal that he put forward yesterday. Senate Democratic leader Chuck Schumer cast doubt on the proposal’s future, saying that McConnell had not sought support from Democrats, who control the U.S. House. “The obvious fact of the matter is the biggest impediment to getting an agreement is the Republican leader refusing to negotiate in a bipartisan way,” Schumer told reporters on Tuesday.
Persons: Steven Mnuchin, Susan Walsh, Donald Trump, Trump, Mitch McConnell, McConnell, ” Mnuchin, Mnuchin, Mark Meadows, Kevin McCarthy, Chuck Schumer, ” Schumer Organizations: REUTERS WASHINGTON, Republican, White, Democratic, Representatives, Reuters, Capitol, Trump, . House Locations: Washington , U.S, COVID
UK's Pfizer vaccine approval should reassure Americans: U.S. health chief
  + stars: | 2020-12-02 | by ( Reuters Staff | ) sentiment -0.99   time to read: 1 min
FILE PHOTO: U.S. Health and Human Services (HHS) Secretary Alex Azar speaks during a news conference about the latest coronavirus disease (COVID-19) developments, in the Brady Press Briefing Room of the White House in Washington, U.S. August 23, 2020. REUTERS/Erin ScottWASHINGTON (Reuters) - Britain’s initial approval of Pfizer Inc’s COVID-19 vaccine should give Americans confidence as the drugmaker next week moves further toward seeking U.S. approval, U.S. Health Secretary Alex Azar said on Wednesday. “For the American people this should be very reassuring: an independent regulatory authority in another country has found this vaccine to be safe and effective for use,” Azar told Fox Business Network. “Here we’re going to let the FDA run through its process.”
Persons: Alex Azar, Erin Scott WASHINGTON, Pfizer Inc’s, ” Azar Organizations: . Health, Human Services, White, REUTERS, Pfizer, Pfizer Inc’s COVID, Health, , Fox Business Network, FDA Locations: Brady, Washington , U.S
WASHINGTON — President-elect Joe Biden is scheduled to hold a virtual roundtable on Wednesday with workers and small-business owners who are struggling because of the economic crisis stemming from the coronavirus pandemic. The briefs, which they started receiving on Monday, contain high-level intelligence and analysis about a range of national security issues. Instead of attending Biden’s inauguration and swearing-in ceremony on Jan. 20, President Donald Trump is considering announcing a 2024 campaign to retake the White House. The redacted documents do not name the individuals involved or Trump and do not indicate if any White House officials had knowledge of the scheme. Trump on Wednesday will have lunch with Secretary of State Mike Pompeo, the only event on the president's official White House schedule.
Persons: Joe Biden, Biden, Janet Yellen, Kamala Harris, Jan, Donald Trump, Trump, Pili Tobar, Katie Petrelius, Brad Parscale, ” Trump, Gabriel Sterling, Joe diGenova, Christopher Krebs, William Barr, , Thomas Friedman, Mitch McConnell, McConnell, couldn’t, Friedman, , ” Biden, Neera, Mike Pompeo Organizations: WASHINGTON, Republican National Committee, Associated Press, White House, Fox News, NBC News, Federal, Trump, White, Republican, ” New York Times, Senate, of Management Locations: Wilmington , Delaware, Florida, Washington, Georgia
Breakingviews - Cox: Mediobanca could be UniCredit’s white knight
  + stars: | 2020-12-02 | by ( Rob Cox | ) + 0.00   time to read: +6 min
ZURICH (Reuters Breakingviews) - Enrico Cuccia founded Mediobanca after World War Two as a bulwark for Italian capitalism against the confiscatory hands of an increasingly meddlesome government. A logo of Mediobanca is pictured at Mediobanca headquarters in Milan, Italy, November 12, 2019. Now that Mustier has gone, investors have concluded UniCredit will inevitably do Rome’s bidding and decimated its stock price. Mediobanca would likely need shareholder approval to issue a flood of new stock to UniCredit shareholders. For UniCredit, though, Mediobanca could be a kind of white knight, freeing the board from a shotgun marriage, brokered by Rome, with Monte Paschi and its concomitant black hole of legal liabilities and non-performing loans.
Persons: Enrico Cuccia, UniCredit, Jean Pierre Mustier didn’t, Intesa, Carlo Messina, Palazzo Chigi, Giuseppe Conte, Monte Paschi, Mustier, Mediobanca, Alberto Nagel, Nagel, There’s, Pier Carlo Padoan, Rome, Leonardo Del Vecchio, isn’t, Cuccia, Monte Organizations: Reuters, Bank of Italy, Treasury, Banca Monte dei, Intesa’s, Compass, Mustier, La Scala Locations: ZURICH, Rome, Milan, Italy, Siena, Monte, UniCredit, Paris, Germany, Austria, Europe, Montedison, Monte Paschi
Israel edges towards new national election in festering coalition crisis
  + stars: | 2020-12-02 | by ( Reuters Staff | ) sentiment -0.99   time to read: +1 min
FILE PHOTO: Israeli Prime Minister Benjamin Netanyahu attends the opening ceremony for Sha'ar Hagai national site in Israel November 29, 2020. Alex Kolomoisky/Pool via REUTERSJERUSALEM (Reuters) - Israel edged towards an early election, its fourth in two years, after parliament on Wednesday gave preliminary approval to a bill to dissolve itself amid a crisis in Prime Minister Benjamin Netanyahu’s fractious coalition. The legislation, brought by the opposition but supported by Defence Minister Benny Gantz, Netanyahu’s main coalition partner, still needs to pass three future parliamentary votes to become law, giving both men some breathing room to resolve their differences. Netanyahu, head of the right-wing Likud party, and Gantz, who leads the centrist Blue and White Faction, are at odds over the passing of a national budget. Gantz, who challenged Netanyahu in three inconclusive elections since mid-2019, joined a coalition government with Israel’s longest-serving leader in May marked by frequent feuding.
Persons: Benjamin Netanyahu, Sha'ar, Alex Kolomoisky, Benjamin Netanyahu’s, Benny Gantz, Netanyahu’s, Netanyahu, Gantz Organizations: REUTERS, Wednesday, Defence, Likud, White, Israel’s Locations: Israel, REUTERS JERUSALEM
RAMALLAH, West Bank (Reuters) - Israel handed over a backlog of billions of shekels in tax money to the Palestinian Authority on Wednesday, both sides said, in another sign of warming ties between the sides after the U.S. presidential election victory of Joe Biden. The 3.77 billion shekels ($1.14 billion) transfer is the first since June, when the Palestinians snubbed the handover due to Israeli Prime Minister Benjamin Netanyahu’s plans, currently suspended, to annex parts of the occupied West Bank. “The #Israeli government transfers all financial dues of the clearance to the account of the #Palestinian Authority,” Palestinian Affairs minister of civil affairs Hussein al-Sheikh tweeted, giving the figure as 3.768 billion shekels. Palestinian Prime Minister Mohammad Shtayyeh said this week it would pay full salaries once it received the tax money. Israel froze its annexation plans in August as part of an agreement to forge diplomatic ties with the United Arab Emirates.
Persons: Joe Biden, Benjamin Netanyahu’s, Hussein, Sheikh, Mohammad Shtayyeh, Donald Trump, Mahmoud Abbas, Biden, Riyad al, Maliki Organizations: West Bank, Reuters, Palestinian Authority, U.S, Palestinian, Israeli Finance Ministry, United, United Arab Emirates, Israel, Biden, White Locations: RAMALLAH, West, Israel, United Arab, Palestine
Biden to meet with U.S. workers hit by coronavirus pandemic
  + stars: | 2020-12-02 | by ( Andy Sullivan | Brad Heath | ) + 0.00   time to read: +4 min
WASHINGTON (Reuters) - President-elect Joe Biden on Wednesday will meet with American workers and business owners hit by COVID-19 as he prepares to confront the pandemic that has taken a heavy human and economic toll when he takes office next month. One potential bright spot: Top U.S. health officials say they plan to begin vaccinating Americans against the disease as soon as mid-December. Biden is due to hold a socially distanced discussion with workers and small-business owners who have suffered during the economic upheaval brought on by the pandemic. A top election official in Georgia implored Trump to tell his followers that he lost fair and square to avoid violence. The nation’s top law enforcement official told the Associated Press on Tuesday that the Justice Department has found no evidence of widespread fraud.
Persons: Joe Biden, Leah Millis, Biden, Kamala Harris, Donald Trump’s, Harris, Trump, , there’s, , Gabriel Sterling, Sidney Powell, Derrick Van Orden, ” Powell, William Barr, Beryl Howell Organizations: WASHINGTON, Wednesday, REUTERS, Senate, Republican, Reuters, Associated Press, Justice Department, Justice, White, U.S, District Locations: Wilmington , Delaware, U.S, Georgia, Wisconsin
More than 270,000 people in the United States have died of COVID-19, which is resurgent across the country. The United States leads the world in the number of infections as well as the number of deaths reported every day. “I don’t want you to give up hope,” Biden told the workers. ‘VIOLENT RHETORIC’On Wednesday, Georgia Secretary of State Brad Raffensperger said Biden was headed for victory after the state’s second recount and criticized Trump for fomenting false claims. Biden told the New York Times in an interview on Tuesday evening that he would try to help resolve the standoff in Congress over the coronavirus aid.
Persons: Joe Biden, Donald Trump, Brian Snyder, Biden, coronavirus shutdowns, ” Biden, we’ll, ” Trump, Trump, , Jan, William Barr, Brad Raffensperger, , ’ ”, Raffensperger, you’re, Mitch McConnell Organizations: Wednesday, White House, Revival International, Centro Internacional de, REUTERS, Congress, Republicans, Republican, Justice Department, Fund, New York Times, Pfizer Inc, U.S Locations: WILMINGTON, Del, WASHINGTON, Centro Internacional de Avivamiento, Chelsea , Massachusetts, U.S, Delaware, United States, Georgia, America, Britain
President-elect Joe Biden has said he intends to focus his health-care policy on a reboot of the Affordable Care Act and launch the first federally run health-care plan. But as with much of his agenda, the fate of his plans rests on which party has control of the Senate following Georgia’s runoff elections in January. Mr. Biden’s boldest proposals include lowering the age for Medicare enrollment to 60 from 65 and instituting a public-option health plan. Mr. Biden is focusing on the pandemic ahead of his inauguration with his own coronavirus advisory group. Mr. Biden has yet to name a new Health and Human Services secretary.
Persons: Joe Biden, Biden’s, Mr, Biden, Anthony Fauci, Kate Bedingfield, Alex Azar, Erica Schwartz Organizations: Affordable, Mr, Trump administration’s Department of Health, Human Services, Centers for Disease Control, Biden, White
LONDON (Reuters) - Britain approved Pfizer’s COVID-19 vaccine on Wednesday, jumping ahead of the United States and Europe to become the West’s first country to formally endorse a jab it said should reach the most vulnerable people early next week. “The vaccine will begin to be made available across the UK from next week. China has already given emergency approval for three experimental vaccines and has inoculated around 1 million people since July. Other frontrunners in the vaccine race include U.S. biotech firm Moderna, which has said its shot is 94% successful in late-stage clinical trials. AstraZeneca said last month its COVID-19 shot, which is based on traditional vaccine technology, was 70% effective in pivotal trials and could be up to 90% effective.
Persons: Pfizer’s, Dado, Boris Johnson, , ” Johnson, Albert Bourla, drugmaker, , Bourla, Andrew Hill, Ugur Sahin, Stephen Hahn, hadn’t, Johnson, Matt Hancock, AstraZeneca Organizations: Pfizer, REUTERS, Medicines, Healthcare, Agency, BioNTech, Sputnik, COVID, Pharmacology, University of Liverpool, U.S . Food, Drug Administration, European Medicines Agency, White, FDA, U.S, Moderna Locations: Britain, United States, Europe, Wuhan, China, Russia, U.S, BioNTech ., Belgium
Trump Reasserts Fraud Claims Despite Lack of Evidence, Losses in Court
  + stars: | 2020-12-02 | by ( Andrew Restuccia | Alex Leary | ) sentiment -0.98   time to read: +1 min
WASHINGTON—President Trump delivered a lengthy speech from the White House on Wednesday in which he insisted that he won the election and again declined to concede to President-elect Joe Biden less than two months before Inauguration Day. Mr. Biden, meanwhile, is moving forward with planning for the White House. He has announced key cabinet officials and his team has begun coordinating with the Trump administration. Mr. Trump asserted that he won the election “without question,” even though the Associated Press said Mr. Biden would receive 306 Electoral College votes, well over the 270 needed to secure the presidency. The six most hotly contested battleground states have all certified their results for Mr. Biden, and Mr. Biden’s lead in the national popular vote currently stands at nearly seven million.
Persons: Trump, Joe Biden, Biden, didn’t, Joe Biden can’t, ” Mr, Mr, Biden’s Organizations: WASHINGTON, White, Associated Press, Electoral, Mr
President Donald Trump has been discussing the possibility of issuing pardons for his family members and some close associates, multiple sources familiar with the matter told NBC News. The Times reported that Trump had talked with Giuliani about pardoning him as recently as last week. Giuliani denied has denied that to NBC News, calling it "a lie" and that the reports are “totally false.”The White House has not commented. Earlier Tuesday, court documents unsealed by a judge suggest federal investigators are looking into what was described as a potential “bribery-for-pardon” scheme involving presidential pardons. They also do not indicate if any White House officials had knowledge of any scheme.
Persons: Donald Trump, Trump, Eric, Donald Jr, Ivanka Trump, Jared Kushner, Rudy Giuliani, Giuliani, Joe Biden, Michael Flynn Organizations: NBC News, The New York Times, The Times, FBI, White
WASHINGTON (Reuters) - U.S. President Donald Trump said on Tuesday he would veto the $740 billion National Defense Authorization Act unless it includes a measure eliminating a federal law protecting tech companies such as Facebook and Twitter. The Internet Association, which includes Facebook, Inc, Alphabet Inc’s Google and Twitter, blasted Trump. The law empowers online platforms to remove harmful and dangerous content, including terrorist content and misinformation,” the group said. Congressional aides expressed skepticism Trump would actually veto the legislation. The aides suggested Trump’s threat was part of an effort to force revisions to Section 230 and include them in the defense bill.
Persons: Donald Trump, Hannah McKay “, ” Trump, Trump, won’t Organizations: WASHINGTON, Defense, Facebook, White, REUTERS, National Defense, Communications, Republican, Internet Association, Twitter, Department of Defense, Democrat, Congress, Democrats Locations: Brady, Washington , U.S, Trump, Russia, China
There is a big census case before the United States Supreme Court that could determine the balance of power in the House of Representatives. Trump won't be able to influence congressional seats, and states won't be able to prove they are being harmed by it. Have we ever in the history of our country allocated congressional seats based only on citizens and legal immigrants? If the Census Bureau cannot provide Trump with this information, then the court may decide there is no dispute to resolve. Biden’s administration is exceedingly unlikely to try to exclude unauthorized immigrants from the census.
Persons: Trump, Commerce Wilbur Ross, Amy Coney Barrett, , we’re, Jan, Joe Biden’s, Ross, , Biden Organizations: United States Supreme, Trump, Commerce, Census, Commerce Department, Electoral College, Congress, Department of Commerce, Immigration, Customs, Founders Locations: California, Florida, Texas . Alabama, Minnesota, Ohio, America
LONDON (Reuters) - The dollar rose from a two-and-a-half-year low on Wednesday as investors assessed the likelihood of further fiscal stimulus in the United States, while a rally in riskier currencies lost steam. Against a basket of major currencies, the dollar index rose 0.2% at 91.34, off the lowest level since late April 2018 it hit overnight. U.S. Treasury Secretary Steve Mnuchin and House of Representatives Speaker Nancy Pelosi held stimulus talks for the first time since the Nov. 3 election. The risk-sensitive Aussie gained to 0.7376 per dollar after data showed Australia’s economy rebounded more than expected in the third quarter. The New Zealand dollar traded at $0.7056, near two-and-a-half-year highs..
Persons: China Yuan, Thomas White, Joe Biden, Donald Trump, Steve Mnuchin, Nancy Pelosi, Friday’s, , , Jordan, Sterling Organizations: Dollar, REUTERS, New York Times, China, Treasury, U.S, ADP, Union, ING, European Central Bank, Nomura, European Union, New Zealand Locations: United States, China, U.S, London, Jordan Rochester, EU
NEW YORK (Reuters) - The safe-haven dollar sank to a fresh two-and-a-half-year low on Wednesday, pressured once again by expectations of further fiscal stimulus for the United States. FILE PHOTO: A U.S. Dollar note is seen in this June 22, 2017 illustration photo. The momentum for a weaker dollar should continue, said Vassili Serebriakov, an FX strategist at UBS in New York. Data showing slower U.S. private hiring last month also supported some safe-haven buying of the dollar. Britain approved Pfizer’s COVID-19 vaccine on Wednesday, jumping ahead of the rest of the world in the race to begin the most crucial mass inoculation program in history.
Persons: Thomas White, Steve Mnuchin, Nancy Pelosi, Mnuchin, Donald Trump, Mitch McConnell, McConnell, Vassili Serebriakov, payrolls, Serebriakov, Pfizer’s, Bitcoin Organizations: YORK, U.S, Treasury, Reuters, UBS, , ADP, European Central Bank, European Union Locations: United States, New York, Washington, Britain, Asia
Ducey said he changed his White House ringtone to "Hail to The Chief" so he wouldn't miss a call from Trump/Pence. I didn’t want to miss another call from the White House." In August, Trump again invited Ducey to the White House to hail his work on combatting the virus in Arizona. Ducey appeared on back-to-back nights at Trump rallies in his state in October, telling the crowd at one, “Donald Trump will win the state of Arizona! The governor appeared to get a call from the White House during the election certification signing before sending it to voicemail and continuing with the ceremony.
Persons: Doug Ducey, Donald Trump, Trump, Ducey, he'd, he's, Pence, Guess, didn't, Ducey's, Doug, Arizona Sen, John McCain, Andrew Harnik, ” Trump, ” Ducey, It's, “ I’ve, “ Donald Trump, Biden, Brian Kemp —, , Kemp, Brian Kemp, I’ve, Kelli Ward Organizations: Arizona Gov, Republican, Twitter, Gov, White, Trump, our, White House, Reuters, NBC News, Ducey, Arizona, Republican Party Locations: Arizona, Georgia
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