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Asian shares set for mixed opening, eyes on Fed, stimulus By Reuters

By Alwyn Scott NEW YORK (Reuters) - Asian equities looked set to rise on Wednesday, bouncing back from a steep sell-off on Tuesday, while Australian stocks were seen opening weaker in a catchup after a Tuesday holiday. Higher markets in Europe and a slight decline from record stock levels in the United States overnight suggested that investors were cautious about possible roadblocks...

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UK, Switzerland to push ahead with financial services deal By Reuters

By Andy Bruce LONDON (Reuters) - Britain and Switzerland will press on with plans to strike a trade deal for their vast financial services industries, finance minister Rishi Sunak said on Wednesday ahead of talks with his Swiss counterpart. The two countries are aiming for a mutual recognition deal in which they would accept the broad thrust of each other's financial rules...

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Microsoft Earnings, Revenue Beat in Q1 as Cloud Growth Gathers Pace By Investing.com

By Yasin Ebrahim Microsoft rallied in after-hours trading Tuesday after reporting first-quarter earnings and revenue that beat consensus estimates, led by strength in its fast-growing cloud business as the trend to digitization gathers pace. Microsoft (NASDAQ:MSFT) shares gained 4.5% in after-hours trade following the report. The company announced earnings per share of $2.03 on revenue of $43.08 billion. Analysts polled by Investing.com anticipated...

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Volkswagen asks U.S. Supreme Court to reverse ruling on local emissions claims By Reuters

By David Shepardson WASHINGTON (Reuters) - Volkswagen (DE:VOWG_p) AG and a German auto supplier on Tuesday asked the U.S. Supreme Court to reverse a lower-court ruling that said two counties could seek financial penalties over excess diesel emissions that could total billions of dollars. The German automaker's U.S. unit and Robert Bosch LLC asked the U.S. high court to reverse a unanimous...

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Nissan to cut around 160 office-based UK jobs By Reuters

LONDON (Reuters) - Nissan will cut around 160 office-based jobs in Britain as the Japanese company faces reduced sales amid plans to turn around its performance. Last week, it committed to its northeast England factory and will source more batteries locally to avoid tariffs on electric cars after the UK's trade deal with the EU, calling the Brexit agreement an "opportunity"...

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GameStop Jumps 63% in After Market, to $243 and Counting By Investing.com

Investing.com -- There's speculation, and then there's just plain crazy. GameStop Corp (NYSE:GME) shares soared 62% after the market closed on Tuesday, to reach $243, and that's after nearly doubling during regular trading hours. Elon Musk appears to have something to do with this. The Tesla Inc (NASDAQ:TSLA) CEO, who is known for his itchy Twitter trigger finger,...

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Goldman Sachs CEO Solomon pays price of 1MDB scandal By Reuters

By Matt Scuffham NEW YORK (Reuters) - Goldman Sachs (NYSE:GS) Chief Executive David Solomon's annual pay fell by $10 million, or 36%, in 2020, according to regulatory disclosures filed Tuesday, reflecting the bank's role in Malaysia's 1MDB scandal. Solomon will receive $17.5 million for his work during the year, compared with $27.5 million the year before, the bank said. Goldman previously announced...

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Powell, With Year to Run at Fed, Aims to Avoid Past QE Mistake By Bloomberg

(Bloomberg) -- Federal Reserve Chair Jerome Powell heads into what could be his last year atop the central bank determined not to repeat the mistake he made when he was a neophyte monetary policy maker seven years ago. Then a Fed governor, Powell was among those leading the charge to scale back the central bank’s quantitative-easing program -- a stance that led to...

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