Wally Adeyemo, President Joe Biden's nominee for the No. 2 job at the U.S. Treasury, vowed to crack down on authoritarian governments and fight unfair economic practices in China and elsewhere, while working to rectify economic inequality at home.
Non-Standard Finance said on Tuesday it needs to raise new capital to stave off future covenant breaches and to address material uncertainties about its going concern status, as extended COVID-19 lockdowns pressure lending volumes.
NEW YORK, Feb 22 (Reuters) - Global stock markets fell on Monday as expectations for faster growth and inflation battered bonds and boosted commodities, while rising fixed-income yields made equity valuations look more stretched in comparison.
The dollar slid against major currencies, slumping to multi-year lows against the British pound and the Australian dollar. Gold rose more than 1% to a near one-week high and copper prices shot above $9,000 a tonne for the first time since 2011.
Oil prices rose on a tight global supply outlook with U.S. production hammered by frigid weather and an approaching meeting of top crude producers expected to keep output largely reined in.
Wally Adeyemo, President Joe Biden's nominee for the No. 2 job at the U.S. Treasury, vowed to crack down on authoritarian governments and fight unfair economic practices in China and elsewhere, while working to rectify economic inequality at home.