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G20 finance officials to meet on pandemic measures, U.S. global minimum tax plan By Reuters

By Andrea Shalal WASHINGTON (Reuters) - Finance officials from the Group of 20 major economies are poised to back a $650 billion boost in the IMF's emergency reserves on Wednesday and extend a freeze on debt payments as part of an effort to help developing countries still struggling to combat the COVID-19 pandemic. The G20 gathering, taking place virtually on the sidelines...

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Swiss watchmakers go digital to show off new products, revive sales By Reuters

By Silke Koltrowitz ZURICH (Reuters) - Luxury Swiss watchmakers, usually not big fans of online retailing, are launching a new all-digital Watches & Wonders event on Wednesday to show off their latest products, hoping to revive sales hit by the coronavirus crisis. Makers of high-end watches still largely rely on physical stores for sales, but the success of online platforms for pre-owned...

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Nokia settles patent fight with Lenovo By Reuters

STOCKHOLM (Reuters) - Finland's Nokia (HE:NOKIA) has settled a multi-year patent fight with China's Lenovo Group, the world's biggest PC maker, resolving all pending litigation across all jurisdictions, the companies said on Wednesday. While terms of the cross-license agreement remain confidential, Lenovo will make a net balancing payment to Nokia, the Finnish telecom equipment maker said. A Nokia spokesman declined to disclose...

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Topps To Go Public On Merger With Mudrick; SPAC Gains 16% By Investing.com

By Dhirendra Tripathi Investing.com – Shares of Mudrick Capital Acquisition Corporation II (NASDAQ:MUDSU) jumped Tuesday after the The Topps Company, promoted by Disney’s former CEO Michael Eisner, agreed on a merger with the special purpose acquisition company. The shares rose 16% and touched a high of $16.55 in the session so far. The Topps Company is a long-standing icon in sports and entertainment...

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S&P 500 Flirts With Record, But ‘Overbought’ Jitters Keep Lid on Gains By Investing.com

By Yasin Ebrahim Investing.com – The S&P 500 continued to trade near record highs Tuesday, led by energy and consumer stocks, but some on Wall Street are calling for caution as the latest acceleration pushed stocks into "overbought" territory.     The S&P 500 rose 0.1% after hitting a record high of 4,086.10, the Dow Jones Industrial Average fell 0.14%, or 46 points, the...

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Dollar on defensive as U.S. yields slip on reduced Fed tightening bets By Reuters

By Hideyuki Sano TOKYO (Reuters) - The dollar softened to a two-week low against a basket of currencies on Wednesday after U.S. bond yields declined as traders rolled back aggressive expectations that the Federal Reserve will tighten its policy earlier than pledged. The dollar index wallowed near a two-week low of 92.314, slipping further from a five-month high of 93.439 set on...

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