Provide $400 billion to care for elderly and disabled Americans.Biden’s proposal will include more than $300 billion for improving drinking-water infrastructure, expanding broadband access and upgrading electric grids.
economy is likely to grow by 6% as against an estimated 5.1% predicted in January.According to the latest IMF projections, the unemployment rate in the United States is expected to improve from 8.1% in 2020 to 5.8% in 2021 and to 4.1% in 2022.
Last year, it generated $24 billion in global revenues.
Finding fantastic beach toys may be easy, but finding beach towels is a different story.
— Carousell, a Southeast Asian online marketplace that lets people buy and sell second-hand goods, said it plans to invest aggressively to grow its classified cars business in the region.The Singapore-based startup, last valued at $850 million, will bolster its classified auto business across Malaysia, Vietnam, the Philippines, Hong Kong and Singapore with OneShift — a portal that connects sellers with buyers and dealers — and Reno Financial, which offers loans and other financial services, the company said in a statement.Carousell’s ambition underscores intensifying competition in the online second-hand car market in Southeast Asia, where middle class consumers are expected to swell in number to 334 million by 2030.
The scale of the inflows places the country at risk of asset bubbles, which would burst were that money to start pouring out.“The moment this demand becomes too big to manage and starts to pressure financial stability — or create a threat or risk to financial stability — it will be curbed,” said Paola Subacchi, professor of International Economics at the University of London’s Queen Mary Global Policy Institute and author of ‘The People’s Money: How China Is Building a Global Currency.’Foreign presence in modern China’s capital markets has never been so great: Beijing has in recent years carved out channels to let funds in, opening stock and bond trading links via Hong Kong and pushing for the inclusion of yuan-denominated assets in major global benchmarks.
Exxon Mobil Corp is exploring a sale of its Advanced Elastomer Systems division, potentially valuing the elastic polymer maker at around $800 million including debt, according to people familiar with the matter.
The intervention done through the spot market and sterilized in forwards led to a surge in the 12-month rate.Read: India FX Reserves Cross Russia to Become World’s 4th BiggestAs a result, the central bank’s long-dollar books jumped to $47.4 billion at end-January from a negative $4.9 billion in March 2020.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
The share purchase by the bank, when taken together with the “overallotment” option, would mean the bank would have recorded a profit from the food delivery group’s declining share price, the report said, adding that most of these profits would be given to Deliveroo as part of an undisclosed agreement.