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01 December
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France to seek immediate EU riposte if U.S. punishes French digital tax

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PARIS (Reuters) - France will immediately seek EU retaliation if Washington goes ahead in January with planned trade sanctions over a French tax on digital services, French Finance Minister Bruno Le Maire said on Tuesday. The Trump administration announced additional duties of 25% on French cosmetics, handbags and other imports valued at $1.3 billion in response to France's digital services tax, but said...

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01 December
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Amazon says sellers racked up $4.8 billion in global sales over holiday weekend

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(Reuters) - Amazon.com Inc (NASDAQ:AMZN) said on Tuesday independent businesses selling on its platform crossed $4.8 billion in worldwide sales from Black Friday through Cyber Monday, an increase of more than 60% from a year earlier. More than 71,000 small- and medium-sized businesses worldwide have surpassed $100,000 in sales this holiday season to date, Amazon said. (https:// ...

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01 December
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Credit Suisse shifts senior EMEA dealmakers to new client advisory group – memo

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By Pamela Barbaglia LONDON (Reuters) - Credit Suisse (SIX:CSGN) is shifting three of its most senior dealmakers in EMEA to a new team focused purely on bringing in business as part of its efforts to increase M&A revenue and market share, according to a memo seen by Reuters. The bank has promoted two London-based bankers - Max Mesny and Chris...

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01 December
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Euro zone may need more fiscal, monetary support because of second COVID wave – IMF

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By Jan Strupczewski BRUSSELS (Reuters) - Euro zone governments and the European Central Bank may need to provide more fiscal and monetary support than initially expected because of the effects of the second wave of the COVID-19 pandemic, the International Monetary Fund said on Monday. The overall value of fiscal and monetary support on offer, combined with access to trillions of euros of...

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01 December
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Asian shares extend gains on recovery hopes, following stellar November

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By Paulina Duran and Jessica DiNapoli SYDNEY/NEW YORK (Reuters) - Asian share markets began the new month with a bang on Tuesday, buoyed by the prospect of a COVID-19 vaccine fueling a global economic recovery, buoyant Chinese factory activity and expectations of continuing fiscal and monetary support. MSCI's broadest index of Asia-Pacific shares outside Japan added 1.08% after closing the month 9% higher,...

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01 December
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FTSE 100 jumps as upbeat factory activity data fuels recovery hopes

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By Shivani Kumaresan (Reuters) - London's FTSE 100 jumped on Tuesday following its biggest monthly gain in more than three decades as bets of a working COVID-19 vaccine and upbeat factory activity data fuelled hopes of a global economic recovery. The blue-chip FTSE 100 gained 1.7% as data showed China's factory activity accelerated at the fastest pace in a decade in November....

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