government

Dollar soars as U.S. yields spike; global shares divided

By Marc Jones LONDON (Reuters) – The U.S. dollar hit an 11-month peak on Monday as the risk of faster domestic inflation and wider budget deficits if Donald Trump goes on a U.S. spending binge sent Treasury and other benchmark global bond yields ever higher. The pan-European STOXX 600 index rose 1.1 percent, underpinned by gains among banks on hopes higher interest rates will help their profits and mining companies, which have been cheering Trump's…

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Dollar soars as U.S. yields spike; global shares divided

government

Election over, U.S. Congress pivots to lame-duck debate over spending

With a bitter election campaign finally over, the U.S. Congress will reconvene this week to try to set aside its partisan differences long enough to keep the government from closing. As President-elect Donald Trump shapes his administration, Republicans are expected to move away from initial plans for compromise funding legislation and opt instead for a short-term measure to keep the…

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Election over, U.S. Congress pivots to lame-duck debate over spending

government

Microsoft gets support in gag order lawsuit from U.S. companies

By Dustin Volz WASHINGTON (Reuters) – Technology, media, pharmaceutical and other companies, along with major corporate lobbying groups, filed legal briefs on Friday in support of a Microsoft Corp lawsuit that aims to strike down a law preventing companies from telling customers the government is seeking their data. Microsoft's backers included the U.S. Chamber of Commerce, the National Association of Manufacturers, Delta Air Lines …

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Microsoft gets support in gag order lawsuit from U.S. companies

government

U.S. private payrolls rise solidly; pending home sales jump

U.S. private employers maintained a steady pace of hiring in August and contracts to buy previously owned homes surged in July, suggesting the economy was regaining sufficient momentum for the Federal Reserve to raise interest rates this year. Other data on Wednesday …

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U.S. private payrolls rise solidly; pending home sales jump

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Irish cabinet delays decision on Apple tax appeal

By Padraic Halpin and Conor Humphries DUBLIN (Reuters) – Ireland's cabinet could not agree on Wednesday whether to fight a European Commission ruling against Dublin's tax dealings with Apple , raising questions over any appeal and the government's stability. Finance Minister Michael Noonan has …

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Irish cabinet delays decision on Apple tax appeal

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UBS chief says Swiss government is leaving banks exposed

Switzerland's politicians have done too little to protect the country's banks from demands for data from foreign governments, UBS Chief Executive Sergio Ermotti said in an interview published by the SonntagsZeitung newspaper on Sunday. Since the financial crisis, cash-strapped governments around the world have clamped down on tax evasion, with authorities investigating Swiss banks in Germany, France and the United States. “This is unacceptable and opens the door for a new offensive against Swiss banks,” he told the paper, adding that the government…

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UBS chief says Swiss government is leaving banks exposed

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Creditors of Puerto Rico government bank revive lawsuit over debt moratorium

By Nick Brown SAN JUAN (Reuters) – Hedge funds who own debt at Puerto Rico's Government Development Bank are accusing the bank and the island's governor of giving preferential treatment to local creditors under a law designed to restructure GDB's debt, signaling a breakdown in a tentative restructuring deal the sides reached earlier this month. A bondholder group that includes hedge funds Brigade, Claren Road and Fir Tree updated an existing lawsuit against the bank and Governor Alejandro Garcia Padilla late Friday…

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Creditors of Puerto Rico government bank revive lawsuit over debt moratorium

government

Bitcoin has a governance problem, no matter who created it

The latest bickering erupted after Australian entrepreneur Craig Wright promised to prove he was the mysterious creator of bitcoin – which allows users to move money across the world quickly and anonymously – but then said on Thursday he could not provide further evidence to back this up. Wright stopped short of reneging on his claim to be Satoshi Nakamoto, assumed to be a pseudonym for the person or people who launched the digital cryptocurrency in 2009. Many …

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Bitcoin has a governance problem, no matter who created it

government

Exclusive: Apple’s Tim Cook to visit China for government meetings – source

Apple Inc Chief Executive Tim Cook plans to visit Beijing later this month to meet high-level government officials, at a time when it is facing some setbacks in its most important overseas market, a source familiar with the matter said. Cook has frequently traveled to China since taking the helm of Apple five…

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Exclusive: Apple’s Tim Cook to visit China for government meetings – source

government

Tata Steel to launch UK sale process by Monday: UK minister

India's Tata Steel will launch the formal sale process for its British assets by Monday and give a “reasonable” timeframe to find a buyer, Britain's business minister said after meeting the company's chairman in Mumbai. Prime Minister David Cameron's government has sought to broker a deal with potential buyers after Tata Steel put its British operations up for sale last week, threatening thousands of jobs. Tata had said it wanted…

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Tata Steel to launch UK sale process by Monday: UK minister

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