Saudi Arabia's finance minister said on Tuesday his country was talking to manufacturers to provide COVID-19 vaccines to low-income countries including Yemen and African states.
South Africa's rand weakened on Tuesday, as doubts over the speed and size of U.S. stimulus and rising coronavirus cases globally sapped investor appetite for riskier currencies.
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NEW YORK (Reuters) - Global stocks slipped from record levels on Tuesday, with investors cautious as the Federal Reserve kicked off its two-day policy meeting and U.S. lawmakers continued to debate a new stimulus plan.
FILE PHOTO: Traders wearing masks work,on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020. REUTERS/Brendan McDermid/File Photo
Those concerns overshadowed impressive results from a slew of companies, including from General Electric and Johnson & Johnson, which had earlier pushed the S&P 500 to a record high.
“Investors don’t expect the Fed to give any reason to think they are getting closer to talking about when they will consider scaling back QE, but nervousness is brewing on Wall Street,” said Edward Moya, senior market analyst at OANDA in New York.
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PARIS, Jan 26 (Reuters) - France will grant AccorInvest, the real estate arm of hotel group Accor, a 500 million euro state-guaranteed loan to cope with the impact of the coronavirus crisis, Finance Minister Bruno Le Maire said on Tuesday.
“We are indeed granting AccorInvest a state-backed loan of half a billion euros . It is certain. We are finalising this loan today,” Le Maire told Radio Clasique.
AccorInvest owns and leases hotels and is only minority-owned by Accor, Europe’s largest hotel group, which operates brands such as Ibis or Sofitel.
Le Maire said AccorInvest, which employs 7,000 people, was “in great difficulties” as hotels worldwide run at reduced capacity because of coronavirus-related travel limits.