South Korean battery makers agree last-minute deal in boost to Biden’s EV policy

© Reuters. FILE PHOTO: The logo of LG Chem is seen at its office building in Seoul By David Shepardson and Hyunjoo Jin WASHINGTON (Reuters) – South Korean battery makers LG Chem and rival SK Innovation Co have agreed to settle a trade secrets dispute that has threatened a key Georgia plant and the electric […]

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U.S. FAA extending ‘zero tolerance’ unruly air passenger policy

© Reuters. FILE PHOTO: FAA Chief Steve Dickson speaks after test flight in a Boeing 737 MAX aircraft in Seattle WASHINGTON (Reuters) – The head of the Federal Aviation Administration said on Monday he will indefinitely extend a “zero tolerance policy” on unruly air passengers that had been set to expire March 30 in the […]

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Unfazed by bond market, Fed sets course for sustained, easy policy

2/2 © Reuters. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC 2/2 By Ann Saphir, Dan Burns and Jonnelle Marte (Reuters) – U.S. central bankers on Friday signaled they do not plan to touch the dial on their super-easy policy for some time, expressing little concern over the rapid rise in U.S. […]

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Dollar Edges Lower; Fed Retains Easy Policy Stance

© Reuters. By Peter Nurse Investing.com – The dollar edged lower in early European trading Thursday, with riskier currencies more in favor after the minutes from the Federal Reserve’s latest meeting reinforced its easy policy stance.   At 3:55 AM ET (0755 GMT), the Dollar Index, which tracks the greenback against a basket of six other […]

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Fed’s Evans sees price spikes ahead, but policy steady

© Reuters. FILE PHOTO: Chicago Federal Reserve Bank President Charles Evans pictured at an event in Mexico City By Ann Saphir (Reuters) – Chicago Federal Reserve Bank President Charles Evans on Wednesday forecast a rapid economic rebound this year, but said monetary policy will need to remain super-easy to boost “too low” inflation, even as […]

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NYSE’s U-turn on China telco delistings may reverse again, amid tension and confusion over policy

2/2 © Reuters. FILE PHOTO: Signs of China Telecom, China Mobile and China Unicom are seen during the China International Import Expo at the National Exhibition and Convention Center in Shanghai 2/2 By John McCrank, Alexandra Alper and Pei Li NEW YORK/WASHINGTON/HONG KONG/ (Reuters) -The New York Stock Exchange could do a second U-turn in […]

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Fed’s Mester says monetary policy will remain accommodative for ‘quite some time’

(Reuters) – U.S. economic growth could surge later this year if most Americans are vaccinated against the coronavirus, but the gains would unlikely be enough for the Federal Reserve to pull back its support, Cleveland Fed President Loretta Mester said on Monday. Even if the vaccines help people feel safe doing certain activities, the economy […]

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China says will keep policy support for economic recovery, no abrupt shift

© Reuters. FILE PHOTO: Men stand on a balcony overlooking the central business district in Beijing BEIJING (Reuters) – China will maintain policy support for its economic recovery, avoiding a sudden shift in policy, to help keep economic growth within a reasonable range in 2021, the Xinhua news agency said on Friday, after a meeting […]

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OPEC+ resumes talks on 2021 oil policy amid disagreements

© Reuters. A flag with the Organization of the Petroleum Exporting Countries (OPEC) logo is seen during a meeting of OPEC and non-OPEC countries in Vienna LONDON (Reuters) – OPEC and Russia resume talks on Thursday in a bid to define policies for 2021 after an initial round of discussions this week failed to bring […]

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