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January 16, 2021

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PRECIOUS-Gold falls 1% as dollar accelerates rally

Reuters
(New throughout, adds analyst comments, updates prices) * Powell sees no reason to alter Fed's accommodative stance * Platinum falls as much as 4.4%, silver down 3.8% * Interactive graphic tracking global spread of coronavirus: tmsnrt.rs/3mvcUoa By Shreyansi Singh Jan 15 (Reuters) - Gold prices slumped more than 1% on......

Column: Faith in coming ‘boom’ persists despite dire Q1

Reuters
LONDON (Reuters) – There aren’t many years you can effectively write off economic growth forecasts for a quarter and leave markets unperturbed – but welcome to 2021. FILE PHOTO: Containers are seen on a shipping dock in the Port of Los Angeles, California, U.S., April 16, 2020. REUTERS/Lucy Nicholson/File Photo......

Startup fund Y Combinator increases global reach, diversity of entrepreneurs

Reuters
(Reuters) – Y Combinator, Silicon Valley’s prominent incubator and startup fund, has half of its latest class of entrepreneurs from outside of the United States, more than ever before, as the pandemic has pushed all of its work online, Managing Director Michael Seibel said Thursday at the Reuters Next conference.......

Alibaba’s Cainiao launches container booking service, cites global cargo woes

Reuters
FILE PHOTO: Cainiao’s logo, Alibaba’s logistics unit, is seen at the warehouse in Wuxi, Jiangsu province, China October 26, 2020. REUTERS/Aly Song SHANGHAI (Reuters) – Alibaba Group’s Cainiao launched a container booking service for air and sea freight on Thursday, and said the move was in response to a global......

Dollar extends rebound as investors await U.S. stimulus details, bitcoin bounces

Reuters
TOKYO (Reuters) – The dollar extended its rebound from near three-year lows versus major peers on Thursday, supported by higher U.S. yields, as President-elect Joe Biden prepared to outline his plans for massive fiscal stimulus. FILE PHOTO: A U.S. Dollar banknote is seen in this illustration taken May 26, 2020.......

Dropbox to cut 11% of its global workforce

CNBC
CNBC – For more and to sign up click here Dropbox Inc. co-founder Drew Houston waits as Dropbox (DBX) is listed for the company’s initial public offering (IPO) at the Nasdaq Market Site in New York, U.S., March 23, 2018. Lucas Jackson | Reuters Dropbox is cutting its global workforce......

FOREX-Dollar buoyed as Treasury yields stabilise

Reuters
* Dollar index trades higher * Sterling gains * Euro, Aussie and Kiwi down * Graphic: World FX rates tmsnrt.rs/2RBWI5E LONDON, Jan 13 (Reuters) – Stabilising U.S. Treasury yields helped the dollar trade back in positive teritory on Wednesday, though investors remained bearish on the currency’s near-term prospects. Benchmark 10-year......

PRECIOUS-Gold inches higher as dollar, Treasury yields pull back

Reuters
Jan 13 (Reuters) - Gold prices edged up on Wednesday as a recent rally in the U.S. dollar and Treasury yields hit a pause, while rising coronavirus cases worldwide also boosted appeal for the safe-haven metal. FUNDAMENTALS * Spot gold rose 0.1% to $1,856.86 per ounce by 0052 GMT, while......

NASA, NOAA to Announce 2020 Global Temperatures, Climate Conditions

NASA
Climate researchers from NASA and the National Oceanic and Atmospheric Administration (NOAA) will release their annual assessment of global temperatures and discuss the major climate trends of 2020 during a media teleconference at 1 p.m. EST Thursday, Jan. 14. Source link To Return to the Main Aggregate News Page –......

OPEC crude output cuts should help U.S. shale profits in 2021

Reuters
HOUSTON (Reuters) – A decision by OPEC and allied countries to cut crude production through March delivered a late Christmas present for U.S. shale firms that have slashed costs, but any rise in prices spurred by the unexpected move may be just a modest stocking stuffer. FILE PHOTO: A Marathon......

OPEC crude output cuts should help U.S. shale profits in 2021

Reuters
HOUSTON, Jan 10 (Reuters) – A decision by OPEC and allied countries to cut crude production through March delivered a late Christmas present for U.S. shale firms that have slashed costs, but any rise in prices spurred by the unexpected move may be just a modest stocking stuffer. U.S. crude......

Op-Ed: Donald Trump should resign — it would help the U.S. heal on the global stage

CNBC
CNBC – For more and to sign up click here Supporters of U.S. President Donald Trump climb on walls at the U.S. Capitol during a protest against the certification of the 2020 U.S. presidential election results by the U.S. Congress, in Washington, January 6, 2021. Stephanie Keith | Reuters A......

Global semiconductor shortage causes Ford and Nissan to cut vehicle production

CNBC
CNBC – For more and to sign up click here A Ford Escape sports utility vehicle (SUV) undergoes final inspection during production at the Ford Motor Co. assembly plant in Louisville, Kentucky, U.S., on Tuesday, April 28, 2015. Luke Sharrett | Bloomberg | Getty Images Ford Motor and Nissan Motor......

Dollar holds above 2018 lows ahead of U.S. jobs report

Reuters
LONDON (Reuters) – The dollar held above a 2018 low against other major currencies on Friday ahead of fresh U.S. jobs data likely to give clues on the extent of fiscal stimulus needed to prop up the coronavirus-hit economy. FILE PHOTO: U.S. dollars and other world currencies lie in a......

New lockdowns in Europe delay fuel demand recovery

Reuters
LONDON (Reuters) – Severe mobility restrictions across Europe to‮‮ ‬‬contain a new surge in COVID-19 cases‮‮ ‬‬weighed on fuel sales, weakening the prospect of energy demand recovery in the first half of 2021. FILE PHOTO: A notice telling people to stay 2 metres apart is seen at a petrol station,......

Dollar downtrend takes breather amid higher yields as jobs report looms

Reuters
TOKYO (Reuters) – The dollar held on to its biggest gain in more than two months against major peers on Friday as a rise in U.S. yields triggered some unwinding of bearish bets on the currency. FILE PHOTO: A U.S. Dollar banknote is seen in this illustration taken May 26,......

Do You Recognize These People? 70-Year-Old Photos Found On Film Inside A 1935 Leica Spark A Global Hunt

IA
In 2015, Irish camera collector William Fagan bought a Leica III camera that dates back to 1935. He got the vintage camera came with film protected in a Leica FILCA cassette, which Fagan set aside and revisited only this summer. When he finally developed it, however, the images came out......

‘Anarchy in the USA’: Global media reacts to U.S. Capitol chaos

CNBC
CNBC – For more and to sign up click here Newspaper front pages show Wednesday’s storming by supporters of U.S. President Donald Trump of the U.S. Capitol on January 7, 2021 in Berlin, Germany. Sean Gallup | Getty Images News | Getty Images Global media have been reacting to the......

Dollar squeezed as traders wait on Georgia results

Reuters
By Tom Westbrook, Scott Murdoch SINGAPORE/HONG KONG (Reuters) – The U.S. dollar steadied in Asia on Wednesday as traders looked to the outcome of a Senate election in Georgia to drive the next move in market sentiment. FILE PHOTO: A U.S. five dollar note is seen in this illustration photo......

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