March, 2021

• 9 March

  Joe Biden offering temporary protected status to Venezuelans

  

  Bloomberg The Biden Administration will offer temporary protected status to an estimated 320,000 Venezuelans who fled their home country, allowing them to legally stay and work in the US. Venezuelans who are accepted into the program will receive temporary immigration status for 18 months, said a senior administration official who requested anonymity. They’ll be required to apply in the next ...

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• 9 March

  Paraguay’s biggest opposition party to seek impeachment of president

  

  Bloomberg Lawmakers of Paraguay’s largest opposition party said they will begin preparing impeachment charges against President Mario Abdo Benitez and Vice President Hugo Velazquez amid widespread protests over administration’s management of pandemic. All 29 lower house lawmakers of Authentic Radical Liberal Party backed the decision and an impeachment draft could be shared with other opposition parties soon, lawmaker Celso Kennedy ...

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• 9 March

  RNC to use Trump’s name in fundraising

  Bloomberg Donald Trump has given approval for Republican National Committee (RNC) to use his name in fundraising and other materials after the former president threatened to sue if the GOP continued to do so, the RNC said. Trump told RNC chairwoman Ronna Romney McDaniel that he’s fine with the RNC’s current use of his name, RNC Chief Counsel J. Justin ...

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• 9 March

  Central banks face jumpy bond market with 10 days of decisions

  

  Bloomberg Central banks helped save the world economy from depression as the pandemic struck. Now they are dealing with the hard part: managing the recovery amid a difference of opinion with investors. Optimism that Covid-19 vaccines and continued government stimulus offer an escape from the worst health crisis in a century has sent bond yields soaring and pushed bets on ...

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• 9 March

  Barclays plans to slash 60 jobs at investment bank

  

  Bloomberg Barclays Plc is planning job cuts at its corporate and investment bank as part of its cost-saving measures, according to people with knowledge of the matter. The reductions will affect around 60 jobs, including some senior roles in the US and other countries, said one of the people, who asked not to be named discussing private information. A spokeswoman ...

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• 9 March

  China’s central bank to step up efforts to curb financial risks

  

  Bloomberg China’s central bank will take measures to prevent systemic financial risks from building in the economy as the recovery takes hold, Deputy Governor Chen Yulu said. Laying out priorities for the next five years, Chen said the People’s Bank of China will improve its macro-prudential assessment framework and strengthen supervision of “systemically important” institutions, businesses and infrastructure. “The priority ...

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• 9 March

  Nine Polish banks in talks on Swiss loans

  

  Bloomberg Nine Polish banks are coalescing around a proposal for out-of-court settlements with holders of Swiss franc mortgages, according to PKO Bank Polski SA, the nation’s biggest lender. State-controlled PKO has spearheaded efforts to work out a joint solution to around $31 billion in mostly Swiss franc loans, based on a proposal by the country’s financial regulator and backed by ...

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• 9 March

  DBS’s Gupta endorses benefits of office work

  Bloomberg DBS Group Holdings Ltd.’s Chief Executive Officer Piyush Gupta said employees need to sometimes work from the office to develop a firm’s identity. “You need to build the soul of the company, and it’s very hard to do that if everybody is always working from somewhere else,” Gupta, who runs Southeast Asia’s largest bank, said in an interview with ...

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• 9 March

  Wells Fargo targets net-zero emissions after rivals set goals

  

  Bloomberg Wells Fargo & Co. joined rivals in pledging to achieve net-zero greenhouse gas emissions in the coming decades. The fourth-largest US lender said it aims to reach that goal, which includes its financed emissions, by 2050. It will also deploy $500 billion in financing to sustainable businesses and projects by 2030. “Climate change is one of the most urgent ...

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• 9 March

  US futures climb as global bonds rally before auctions

  

  Bloomberg US stock futures climbed on Tuesday, while government bonds across the globe rallied before US debt auctions that have the potential to spark volatility. The dollar falls. Contracts on the tech-heavy Nasdaq 100 climbed 1.8%, signalling a rebound after an overnight slump in technology stocks amid a rotation to value. European shares opened modestly lower, dragged down by miners. ...

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