16 March

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Cannabis entrepreneurs, celebrity investors light up as legalization blooms By Reuters

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By Paul Lienert and Jane Lanhee Lee DETROIT/OAKLAND, Calf. (Reuters) - Driven by a surge in cannabis use during the COVID-19 pandemic, industry entrepreneurs and investors are gearing up for even greater growth as legalization spreads and the economy reopens. So far, 36 states and the District of Columbia have approved medical use...

16 March

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India shares lower at close of trade; Nifty 50 down 0.13% By Investing.com

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Investing.com – India equities were lower at the close on Tuesday, as losses in the Banking, Metals and Real Estate sectors propelled shares lower. At the close in NSE, the Nifty 50 declined 0.13%, while the BSE Sensex 30 index fell 0.06%. The biggest gainers of the session on the Nifty 50 were Asian Paints Ltd. (NS:ASPN), which rose...

16 March

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Nasdaq Futures Up 60 Pts; Federal Reserve Meeting Key By Investing.com

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By Peter Nurse Investing.com - U.S. stocks are seen opening mixed Tuesday, in cautious trading after the record levels on the previous session and ahead of a highly anticipated Federal Reserve meeting. At 7:05 AM ET (1205 GMT), the Dow Futures contract was down 30 points, or 0.1%, S&P 500 Futures traded 2 points, or 0.1%, higher, and Nasdaq 100 Futures climbed 60...

16 March

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EU’s McGuinness expects deal on financial services pact with UK By Reuters

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LONDON (Reuters) - The European Union will meet an end-of-March deadline for agreeing a cooperation pact with Britain in financial services despite the clash between the UK and the bloc over Northern Ireland, the EU's financial services chief said on Tuesday. Mairead McGuinness said she was "sticking to our commitment" to set up the cooperation framework, described by Brussels as an informal...

16 March

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European Stocks Edge Higher; Volkswagen Helps as Covid Worries Rise By Investing.com

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By Peter Nurse Investing.com - European stock markets edged higher Tuesday, helped by gains from car giant Volkswagen but fresh Covid concerns mounted. At 3:55 AM ET (0850 GMT), the DAX in Germany traded 0.5% higher, the CAC 40 in France was up 0.1% and the U.K.'s FTSE index climbed 0.5%. Global equity markets have posted strong gains over the last few months,...

16 March

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How Germany considered rescuing Wirecard days before its doom By Reuters

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By John O'Donnell and Tom Sims FRANKFURT (Reuters) - The German government examined the possibility of bailing out Wirecard just three days before it collapsed, according to documents seen by Reuters showing that officials were blindsided by the country's biggest post-war fraud scandal. The payment company filed for insolvency on June 25 last year, owing creditors almost $4 billion, after disclosing a...

16 March

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FCA expands probe into Amigo Holdings By Investing.com

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By Samuel Indyk Investing.com – Troubled UK lender Amigo Holdings PLC (LON:AMGO) has provided an update on the ongoing Financial Conduct Authority (FCA) investigation, first announced on 1st June 2020. The probe was launched to investigate the company’s creditworthiness assessment process and the governance and oversight of the process. The company has been informed that the FCA has decided to expand...

16 March

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UK wants positive China links but values come first, says foreign minister By Reuters

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LONDON (Reuters) - Foreign Secretary Dominic Raab said on Tuesday that Britain would like a positive relationship with China but not at the expense of upholding its values. "We will never relent or stop standing up for our values, including the values of open societies, democracy and human rights," Raab told Sky News. "That requires us to take a calibrated approach...

16 March

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EU system needed for dealing with failing insurers, EU official says By Reuters

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By Huw Jones LONDON (Reuters) - A new mechanism for shutting failing insurers smoothly could help maintain trust in the sector, a senior European Commission official said on Tuesday. Banks have a "resolution and recovery" framework that allows regulators to quickly close down an insurer in trouble. John Berrigan, who heads financial services at the EU executive, said such a framework was...

16 March

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UK fund manager Helena Morrissey to become chair of AJ Bell By Reuters

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(Reuters) - Fund manager Helena Morrissey is to become non-executive chairman of UK stockbroker AJ Bell PLC (LON:AJBA) from July this year. The announcement was made on Tuesday by wealth manager St. James’s Place PLC (LON:SJP), who said Morrissey would step down from her role as a director at the company to avoid any conflict of interest. Morrissey, one of the...

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News

Cannabis entrepreneurs, celebrity investors light up as legalization blooms By Reuters

India shares lower at close of trade; Nifty 50 down 0.13% By Investing.com

Nasdaq Futures Up 60 Pts; Federal Reserve Meeting Key By Investing.com

EU’s McGuinness expects deal on financial services pact with UK By Reuters

European Stocks Edge Higher; Volkswagen Helps as Covid Worries Rise By Investing.com

How Germany considered rescuing Wirecard days before its doom By Reuters

FCA expands probe into Amigo Holdings By Investing.com

UK wants positive China links but values come first, says foreign minister By Reuters

EU system needed for dealing with failing insurers, EU official says By Reuters

UK fund manager Helena Morrissey to become chair of AJ Bell By Reuters

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