Exclusive: From gum to gummies, Beau Wrigley takes pot producer Parallel public

Billionaire William "Beau" Wrigley Jr is taking cannabis producer Parallel public, in a merger due to complete this summer with Canadian-listed Ceres Acquisition Corp that values the Atlanta, Georgia-based firm at $1.88 billion.

U.S. House budget panel approves $1.9 trillion COVID-19 aid bill

The U.S. House of Representatives Budget Committee on Monday approved legislation with $1.9 trillion in new coronavirus relief, advancing a top priority of President Joe Biden.

Australia's Macquarie reaps windfall profits from U.S. winter freeze

Macquarie Group earned big profits off the winter storms sweeping across Texas and other U.S. states, with the gains from its trading operations single-handedly changing the Australian bank's outlook for the year.

Analysis: Vaccine rollout a shot in the arm for soaring sterling

Sterling looks set to extend its rally beyond $1.40, thanks to the pace of Britain's COVID-19 vaccine rollout and signs that investors are flocking back to assets out of favour during years of Brexit turmoil.

Petrobras shares slump as Brazil's Bolsonaro doubles down on intervention

Petrobras shares plunged 21% on Monday, wiping out 70 billion reais ($12.7 billion) in market value, as Brazilian President Jair Bolsonaro again slammed its pricing policies after he replaced the state-controlled oil company's market-friendly CEO with a retired army general.

Brazil bankers, investors worry about Bolsonaro's effect on capital markets revival

Bankers and portfolio managers worry that Brazilian President Jair Bolsonaro's latest policy moves may undermine the country's recent capital markets revival.

World shares slide on inflation fears, commodities surge

Global stock markets fell on Monday as expectations of faster growth and quickening inflation battered bonds, boosted commodities and led to a further rotation out of the big tech names that have driven the equity rally during the pandemic.

Australia says no further Facebook, Google amendments as final vote nears

Australia will not alter legislation that would make Facebook and Alphabet Inc's Google pay news outlets for content, a senior lawmaker said on Monday, as Canberra neared a final vote on whether to pass the bill into law.

Microsoft teams up with EU publishers amid Facebook's Australian spat

Microsoft and European media groups on Monday urged EU regulators to require online platforms to seek arbitration in disagreements over how to share revenues with news publishers, a sticking point in the spat between Facebook and Australia.

Oil jumps almost 4% as output slow to recover from Texas storms

Oil prices rose nearly 4% on Monday, boosted by the expected slow return of U.S. crude output after last week's deep freeze in Texas shut in production.

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