Saturday, January 16, 2021

Economy

Turkey announces $18.5 billion public investment programme for 2021

© Reuters. Business and residential buildings are seen in Istanbul’s Sisli district ANKARA (Reuters) – Turkey has announced a 2021 public investment programme worth 138.5 billion lira ($ 18.53 billion), with communication and transportation projects receiving the largest allocation of the investment funds. The programme, published in the Official Gazette late on Friday, set aside […]

Trump directs government to minimize procurement from China

© Reuters. FILE PHOTO: G20 leaders summit in Osaka WASHINGTON (Reuters) – In another action against China days before he leaves office, U.S. President Donald Trump on Friday directed government departments to look at ways to minimize procurement of Chinese goods and services to reduce the risks from espionage, his national security adviser said. In […]

JPMorgan profit jumps on trading, investment banking strength

© Reuters. (Reuters) – JPMorgan Chase & Co (NYSE:) reported a higher fourth-quarter profit on Friday, as strength in trading and investment banking offset the drag of low borrowing rates on interest income at the largest U.S. bank’s lending business. Net income rose to $ 12.1 billion, or $ 3.79 per share, in the quarter […]

Commodities & Futures

Oil Falls Most in a Month on New China Covid Scare, Dollar Surge

© Reuters. By Barani Krishnan Investing.com – Oil prices fell the most in a month on Friday, tumbling more than 2%, after concerns over Covid-19 lockdowns in top crude destination China hit a market that resisted for weeks worries about piling fuel stockpiles at home. A resurgence in the , the currency on which oil […]

Gold: Another Week of Lost Shine As Dollar Parties Instead

By Barani Krishnan Investing.com – It’s another week of lost luster for gold at the expense of a charging dollar whose strength could barely be explained with the currency debasement expected from President-elect Joe Biden’s proposed $ 2 trillion coronavirus stimulus. U.S. markets swirled in a sea of red toward Friday’s close from woeful December […]

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