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Top News In கருவூலம் துறை அலுவலகம் ஆஃப் வெளிநாட்டு சொத்துக்கள் கட்டுப்பாடு Today - Breaking & Trending Today

Everything rally reignites after bonds brush off 'awesome' data

The S&P 500 Index gained alongside 30-year Treasury bonds for a fourth straight week, the longest in-tandem rally since August 2008, according to data compiled by Bloomberg. The Nasdaq 100 Index also rose for a fourth week. ....

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Welcome To IANS Live - TopStory - Putin confidants advanced Russia's campaign to undermine US Prez polls (IANS Special Part III)

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Moscow, April 16 (IANS) While imposing the latest sanctions, the US Treasury Department said that private and public sector corruption facilitated by Russian President Vladimir Putin has enriched his network of confidants, who used their illicit business connections to advance Moscows campaign to undermine the 2020 US presidential election.
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Update: 16-April-2021 ....

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U.S. Treasury eyes corporate tax system as way to tackle climate change

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WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen and Deputy Secretary Wally Adeyemo met with environmental groups on Friday to discuss ways to leverage the corporate tax system to help address climate change, Treasury said in a statement.
FILE PHOTO: Janet Yellen speaks during a panel discussion at the American Economic Association/Allied Social Science Association 2019 meeting in Atlanta, Georgia, U.S., January 4, 2019. REUTERS/Christopher Aluka Berry/File Photo
Yellen discussed the importance of “using all the tools at our disposal, including the tax code, to drive toward net-zero emissions,” the statement said.
She noted that President Joe Biden’s proposed tax changes would begin to modernize how the United States treats the fossil fuel industry by removing subsidies that date back to the early 1900s, the statement said. ....

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Rupee: Rupee goes from Asia's best to worst in two weeks on Covid

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The Indian rupee has turned into Asia’s worst-performing currency from being the best in the previous quarter. It’s poised for more losses as a resurgence in coronavirus cases to a record threatens to hamstring the economy.
The rupee weakened past 75 per dollar for the first time in eight months this week. Federal Bank Ltd. expects it to fall further to 76 by year-end. The currency’s slide may be exacerbated by unwinding of short dollar positions against the rupee, which
The mayhem is also weighing on dollar bonds from the nation’s issuers, which have under-performed Asian peers this month, as India overtook Brazil as the second-worst-hit Covid nation in the world. Stricter restrictions on movement across the country are reviving memories of last year when extended lockdowns squeezed demand and pushed the economy into its worst contraction in nearly seven decades. ....

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Public outrage growing as petrol prices set to hit historic high on Wednesday

Barring last-minute changes in the monthly review, petrol prices will have increased by Sh20.12 a litre over the past three months, with diesel up Sh13.56 over the same period, one of the biggest jumps over the period in recent history.
This has sparked anger among Kenyans, with the costly fuel unleashing pricing pressure across the economy and having ramifications on the cost of living measure.
The sharp rise in fuel prices has shifted the spotlight on taxation of petroleum products, with Kenyans in border towns reportedly seeking cheaper fuel in the neighbouring countries of Tanzania and Uganda.
The Energy and Petroleum Regulatory Authority (Epra) has linked the expensive fuel to the recovery in crude oil prices. The current pump prices are based on the barrel at $61.61, up from $55.27 previously, and $65.41 for the review that kicks off midnight. ....

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