By Swati Pandey SYDNEY (Reuters) – Asian shares slipped off record highs on Friday as investors took profits after a recent rally that was driven by hopes of U.S. economic stimulus by newly inaugurated President Joe Biden. Sentiment...
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Taiwan says realistic about U.S. trade deal, but one will happen eventually
By Jeanny Kao and Ben Blanchard TAIPEI (Reuters) – Taiwan is under no illusions it can quickly sign a long hoped for free trade deal with the United States but feels when the time is right “success will flow naturally”,...
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Analysis: Wall Street hedges against possible bumps in U.S. vaccine rollout
By April Joyner and Sinéad Carew NEW YORK (Reuters) – As U.S. stock prices have marched to record highs, futures contracts for Wall Street’s “fear gauge” show some investors are buying insurance against market...
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Oil prices fall as China’s surging COVID-19 cases trigger clampdowns
By Sonali Paul and Koustav Samanta MELBOURNE/SINGAPORE (Reuters) – Oil prices dropped on Friday, retreating further from 11-month highs hit last week, weighed down by worries that new pandemic restrictions in China will curb fuel...
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Big U.S. oil drillers have federal permits to mute effect of any Biden ban
By Jennifer Hiller and Nichola Groom (Reuters) – U.S. President Joe Biden’s promised ban on new oil and gas drilling on federal lands would take years to shut off production from top shale drillers because they already have...
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S&P, Nasdaq close at record highs on optimism about Biden stimulus plan
By Echo Wang (Reuters) – The S&P 500 and Nasdaq closed at record highs on Thursday, propelled by optimism about more pandemic relief under the Biden administration to support the economy after data showed a tepid labor market...
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