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Asian equities poised to seesaw as U.S. economic news pushes indexes lower By Reuters

By Katanga Johnson WASHINGTON (Reuters) - Asian markets will likely open mixed on Thursday after global equities dipped and U.S. investors considered which stock market sectors would most benefit from strengthening growth. Concerns about extended economic lockdowns in Europe and potential U.S. tax hikes also weighed on investor sentiment. "Rising interest rates, uncertainty of tax policy, concern over inflation all remain top...

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Exclusive: U.S. regulator opens inquiry into Wall Street’s blank check IPO frenzy – sources By Reuters

By Jody Godoy and Chris Prentice NEW YORK/WASHINGTON (Reuters) - The U.S. securities regulator has opened an inquiry into Wall Street's blank check acquisition frenzy and is seeking information on how underwriters are managing the risks involved, said four people with direct knowledge of the matter. The U.S. Securities and Exchange Commission (SEC) in recent days sent letters to Wall Street banks...

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Debt-ridden oil producer Ovintiv to sell Eagle Ford assets for $880 million By Reuters

(Reuters) - Debt-ridden Ovintiv Inc said it had agreed to sell its Eagle Ford assets in Texas to Validus Energy for $880 million, as the oil and gas producer seeks to shore up its finances following a tumultuous year for the energy industry. Ovintiv, formerly known as Encana, moved its headquarters from Canada to the United States last year in the hopes...

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S&P 500 in Choppy Trade as Tech Tantrum Keeps Bulls at Bay By Investing.com

By Yasin Ebrahim Investing.com – The S&P 500 reversed its intraday gains to close lower Wednesday as tech stocks failed to take advantage of falling bond yields, with analysts warning of further choppy trades ahead.       The S&P 500 was down 0.53%, the Dow Jones Industrial Average fell 0.01%, or 3 points, the Nasdaq Composite was down 2.01%. Unlike in recent sessions,...

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Cruise Lines, Viacom, DigitalOcean: 3 Things to Watch By Investing.com

By Liz Moyer Investing.com -- Tech stocks weighed on markets Wednesday, dampening the Dow and pulling the Nasdaq down triple-digits. Early enthusiasm about the reopening trade lifted travel stocks and cyclicals, but the momentum faded as the afternoon session moved closer to the closing bell. It could be just a breather as stimulus checks continue to go out to qualifying individuals, something many expect...

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UK PM Johnson suggests pubs might bring in vaccine passport schemes By Reuters

LONDON (Reuters) - British Prime Minister Boris Johnson suggested on Wednesday that some pubs might require customers to produce vaccine certificates, an idea that he had previously deemed unlikely. Almost 29 million people have received their first vaccine dose in Britain already in the fastest rollout in Europe, and there have been calls to open up the economy faster because of the...

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UK’s Johnson mulls tougher rules for France as EU’s COVID situation ‘difficult’ By Reuters

LONDON (Reuters) - Britain might have to toughen restrictions on arrivals from France, including hauliers, to defend against new variants of the COVID-19 virus spreading from the rest of Europe where the situation was difficult, Prime Minister Boris Johnson said. Britain has banned foreign travel until at least May 17, except for essential work, education or health reasons. Ministers are due to...

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Airbnb Slides As Venice, Florence Call for Halt To Short-Term Rentals By Investing.com

By Dhirendra Tripathi Investing.com – Airbnb (NASDAQ:ABNB) shares slid more than 1% on Wednesday on fresh challenges just as the online rental aggregator was getting ready for business to bounce back after a year of lockdowns in various cities across the world. According to CNN, two European cities that are most popular with tourists, namely Florence and Venice, have put together a manifesto...

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Proof of COVID status may be useful to resume air travel, says UK PM Johnson By Reuters

LONDON (Reuters) - There is a growing consensus around the world that some form of evidence to prove a traveller is free of COVID-19 might be useful to see more people return to air travel, Prime Minister Boris Johnson said on Wednesday. "There's no doubt that there's a growing global consensus that for the purposes of aviation that evidence of vaccination,...

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