Forex
Dollar bounces higher as traders brace for inflation data
© Reuters. U.S. one dollar banknotes are seen in this illustration By Tommy Wilkes LONDON (Reuters) – The dollar gained ground on Monday after last week’s drop as traders assessed the outlook for Treasury yields, while awaiting crucial U.S. inflation and retail sales data in coming days. Elsewhere it was a quiet start to a […]
Economy
After sanctions, Huawei turning to businesses less reliant on high-end U.S. tech
© Reuters. Huawei logo at Huawei Technologies France in Boulogne-Billancourt By David Kirton SHENZHEN, China (Reuters) -Chinese telecoms equipment maker Huawei Technologies is making business resilience its top priority with a push to develop its software capabilities as it seeks to overcome U.S. restrictions that have devastated its smartphone business. Huawei was put on an […]
Fed’s Powell: U.S. economy at an ‘inflection point’ – CBS ’60 Minutes’
2/2 © Reuters. FILE PHOTO: Chair of the Federal Reserve Jerome Powell listens during a Senate Banking Committee hearing in Washington 2/2 By Dan Burns and Howard Schneider (Reuters) – The U.S. economy is at an “inflection point” with expectations that growth and hiring will pick up speed in the months ahead, but also risks […]
Italy’s economy seen growing 4.1% this year, business lobby says
© Reuters. Outbreak of the coronavirus disease (COVID-19) in Rome ROME (Reuters) – Italy’s virus-hit economy is expected to grow 4.1% this year and 4.2% in 2022 in an “uncertain ascent from the abyss”, the country’s business lobby Confindustria said on Saturday. The Italian economy shrank by a post-war record of 8.9% last year, and […]
Commodities & Futures
Traders book tankers in Europe to ship gasoline across Atlantic after Colonial shutdown
© Reuters. FILE PHOTO: Holding tanks are seen at Colonial Pipeline’s Charlotte Tank Farm in Charlotte, North Carolina, U.S. in an undated photograph. Colonial Pipeline/Handout via REUTERS. By Ahmad Ghaddar and Ron Bousso LONDON (Reuters) -Traders provisionally booked at least six tankers to ship gasoline from Europe to U.S. destinations following a cyber attack that […]
U.S. government working to help top fuel pipeline operator after cyberattack
2/2 © Reuters. Holding tanks are seen at Colonial Pipeline’s Charlotte Tank Farm in Charlotte, North Carolina, U.S. an undated photograph. Colonial Pipeline/Handout via REUTERS. 2/2 By Laila Kearney (Reuters) -U.S. government officials were working closely with top U.S. fuel pipeline operator Colonial Pipeline on Sunday to help it recover from a ransomware cyberattack that […]
