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ECONOMY

White House says less than 3% small businesses could face tax hikes under Biden plan
16 May, 20:30
ECONOMY

Oil prices jump as Colonial Pipeline restarts operation; pandemic concerns cap gains
BUSINESS

Cairn sues Air India to enforce $1.2bn arbitration award on retrospective tax dispute
INVESTMENT

European stocks climb as energy, retail rise, but end lower for the week
BUSINESS

Atlanta beverage maker Coca-Cola discontinues energy drink in Norther America
ECONOMY

US retail sales pause, record saving seen backing spending
business
Cairn sues Air India to enforce $1.2bn arbitration award on retrospective tax dispute
Atlanta beverage maker Coca-Cola discontinues energy drink in Norther America
Montreal’s Canadian National beats CP with $33.6bn Kansas City Southern bid
economy
White House says less than 3% small businesses could face tax hikes under Biden plan
Oil prices jump as Colonial Pipeline restarts operation; pandemic concerns cap gains
US retail sales pause, record saving seen backing spending
investment
European stocks climb as energy, retail rise, but end lower for the week
European shares close at record highs on strong German export data, Adidas earnings
European shares end lower on dismal data, but shelve third straight monthly gains
cryptocurrency
Bitcoin steadies after Tesla move, US probe, but clocks first weekly drop since Feb.
Cryptocurrency Ethereum hits record for a third straight day; Bitcoin stagnant
New York City lender Goldman Sachs offers bitcoin derivatives to investors
insurance
Texas-based US insurer American National Group Inc. up for sale
New York insurer AIG profit beats estimates on general insurance, retirement gains
Louisville insurer Humana to buy Kindred at Home for $5.7bn to expand patient care
credit cards
Manhattan’s American Express profit beats estimate, says credit spending declines
Foster City payment processor Visa being probed over abuse of debit-card dominance
Missouri’s Mastercard to delay fee hikes until April next year
loans
Italian lenders may face €9 billion in loan losses in 2021, 2022, says Bank of Italy
Ottawa’s Banque du Canada signals rate hike in late-2022, tapers bond purchase
US Federal Reserve will restrain any overshoot of inflation target, says Chair Powell
savings
Gold snaps out five-day-long winning run as yields, Dollar gain on US inflation data
Gold races past $1,800 psychological handle; cryptocurrency Ethereum hits record
Palladium hits record high on strained supplies, gold plunges 1% after Yellen remark
currencies
US Dollar tumbles to two-month low amid dismal non-farm payrolls data
American Dollar drops as risk appetite improves; 10-year US Treasury bonds at 1.57%
American Dollar rallies on renewed safe-haven bid after Yellen remarks on rate hikes
mortage
Chicago's NAR says existing home sales hit 7-month low; 30-yr fixed mortgage at 2.97%
US homebuilding nears 15-year peak; consumer sentiment springs up
US home sales depress on cold weather; 30-year fixed mortgage loans at 3.32%
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