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Biden unveils plan to pump $1.9 trillion into pandemic-hit economy

Biden unveils plan to pump $1.9 trillion into pandemic-hit economy
WILMINGTON, Del. (Reuters) - President-elect Joe Biden outlined a $1.9 trillion stimulus package proposal on Thursday, saying bold investment was needed to jump-start the economy and accelerate the distribution of vaccines to bring the coronavirus under control.
Published 15 Jan, 2021 02:34pm
U.S. weekly jobless claims increase more than expected

U.S. weekly jobless claims increase more than expected

WASHINGTON (Reuters) - The number of Americans filing first-time applications for unemployment benefits surged last week, confirming a weakening in labor market conditions as a worsening COVID-19 pandemic disrupts operations at restaurants and other businesses.
Published 14 Jan, 2021 07:39pm
ECB's Lane faced rare pushback against latest stimulus package

ECB's Lane faced rare pushback against latest stimulus package

FRANKFURT (Reuters) - European Central Bank chief economist Philip Lane faced pushback from fellow policymakers at the ECB’s latest meeting, when he proposed fresh measures aimed at helping the euro zone through the coronavirus pandemic, the official account of the meeting showed on Thursday.
Published 14 Jan, 2021 07:35pm
Trump bolsters ban on U.S. investments in China

Trump bolsters ban on U.S. investments in China

WASHINGTON (Reuters) - President Donald Trump has signed an order strengthening a November ban on U.S. investments in alleged Chinese military companies, the White House said on Wednesday, curbing Chinese access to U.S. capital markets days before he leaves office.
Published 14 Jan, 2021 11:20am
Chinese exports grow more than expected in December, imports quicken

Chinese exports grow more than expected in December, imports quicken

BEIJING (Reuters) - Chinese exports grew more than expected in December, customs data showed on Thursday, as coronavirus disruptions around the world fuelled demand for Chinese goods even as a stronger yuan made exports more expensive for overseas buyers.
Published 14 Jan, 2021 11:08am
Oil steadies as U.S. inventory fall tempers demand woes

Oil steadies as U.S. inventory fall tempers demand woes

LONDON (Reuters) - Oil prices steadied after an early jump on Wednesday as industry data showing a bigger-than-expected drop in U.S. crude inventories, but rising global COVID-19 infections capped price gains.
Published 13 Jan, 2021 04:34pm
ECB's Lagarde calls for regulating Bitcoin's "funny business"

ECB's Lagarde calls for regulating Bitcoin's "funny business"

FRANKFURT (Reuters) - European Central Bank President Christine Lagarde called on Wednesday for global regulation of Bitcoin, saying the digital currency had been used for money laundering activities in some instances and that any loopholes needed to be closed.
Published 13 Jan, 2021 04:28pm
Global FOREX: Dollar bounce fades as U.S. yields slip

Global FOREX: Dollar bounce fades as U.S. yields slip

SINGAPORE (Reuters) - The dollar nursed losses on Wednesday as a retreat in U.S. yields sapped momentum from its recent rebound and investors cautiously resumed bets that it can resume sliding.
Published 13 Jan, 2021 01:04pm
U.S. tells European companies they face sanctions risk on Nord Stream 2 pipeline

U.S. tells European companies they face sanctions risk on Nord Stream 2 pipeline

WASHINGTON (Reuters) - The U.S. State Department this month told European companies which it suspects are helping to build Russia’s Nord Stream 2 gas pipeline that they face the risk of sanctions as the outgoing Trump administration prepares a final round of punitive measures against the project, two sources said on Tuesday.
Published 13 Jan, 2021 12:57pm