Factbox: Yellen to negotiate multilateral tax deals, study SALT deduction

WASHINGTON (Reuters) – U.S. Treasury nominee Janet Yellen underscored on Thursday the Biden administration’s intent to remake tax and trade policy after making domestic investments on workers and infrastructure in written answers to senators’ questions. The Senate Finance Committee plans

Democrat Wyden wants Thursday vote on Yellen as U.S. Treasury secretary

Ranking Member Ron Wyden (D-OR) speaks during a Senate Finance Committee hearing to examine the expected nomination of Janet Yellen to be Secretary of the Treasury on Capitol Hill in Washington, U.S., January 19, 2021. Andrew Harnik/Pool via REUTERSWASHINGTON (Reuters)

Halliburton profit beats estimates on cost cuts, demand recovery

(Reuters) – Halliburton Co posted a better-than-expected fourth-quarter profit on Tuesday, buoyed by cost cuts and a recovery in demand for oilfield equipment and services after last year’s industry slump.FILE PHOTO: Halliburton’s campus in Houston, Texas, U.S. May 18, 2017.

Bets on for Macau's Sands China after U.S. billionaire Adelson's death

HONG KONG (Reuters) – Sands China Ltd’s adjustment to life after the death of billionaire founder Sheldon Adelson, coming a year before the firm’s gaming licence expires, could open up opportunities for Chinese investors to acquire a stake, industry executives

Wall Street wary of 'frothy' stocks, bubbly bitcoin

LONDON (Reuters) – Wall Street bankers warned of toppy stock markets and a looming near-term retreat after exuberance from unprecedented economic stimulus has led to “frothy” asset prices.FILE PHOTO: A representation of virtual currency bitcoin is seen in front of

Analysis: Thin Democratic control of Senate offers Biden chance for steps on climate

WASHINGTON (Reuters) – Democratic control of the Senate offers President-elect Joe Biden an opportunity to advance parts of his climate agenda, but the paper-thin majority likely puts sweeping global warming legislation beyond reach.FILE PHOTO: Democratic 2020 U.S. presidential candidate and

Stocks climb, bonds fall after Democrats win Senate

LONDON/SINGAPORE (Reuters) – Bonds licked their wounds and stocks rose on Thursday as investors bet Democrat control of the U.S. Congress would enable President-elect Joe Biden to borrow and spend heavily, with a bruised dollar hovering near its lowest in