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
Oil Down COVID-19 Remains a Threat to Fuel Demand Recovery
© Reuters. By Gina Lee Investing.com – Oil was down Monday morning in Asia, with U.S. Federal Reserve Chair Jerome Powell saying the U.S. economy was poised for stronger growth while also cautioning that COVID-19 remains a threat. inched down 0.06% to $ 62.91 by 13:14 AM ET (5:14 AM GMT), and the prompt timespread […]
Benin votes for president after week of violent protests
10/10 © Reuters. Britain’s Prince Philip and Prince Charles listen to speeches before the unveiling of a statue of Queen Elizabeth The Queen Mother in Poundbury 2/10 By Allegresse Sasse COTONOU (Reuters) – Benin votes on Sunday in a presidential election following a week of deadly protests against the incumbent Patrice Talon, who is heavily […]
