© Reuters. FILE PHOTO: Reserve Bank of India logo is seen at the gate of its office in New Delhi By Aftab Ahmed, Swati Bhat and Nupur Anand NEW DELHI/MUMBAI (Reuters) – India’s central bank is likely to propose tightening
Category: Finance
finance, world economy,
Turkey announces $18.5 billion public investment programme for 2021
© Reuters. Business and residential buildings are seen in Istanbul’s Sisli district ANKARA (Reuters) – Turkey has announced a 2021 public investment programme worth 138.5 billion lira ($18.53 billion), with communication and transportation projects receiving the largest allocation of the
Trump directs government to minimize procurement from China
© Reuters. FILE PHOTO: G20 leaders summit in Osaka WASHINGTON (Reuters) – In another action against China days before he leaves office, U.S. President Donald Trump on Friday directed government departments to look at ways to minimize procurement of Chinese
WhatsApp delays rollout of new privacy policy after backlash
WhatsApp is delaying the rollout of its upcoming privacy rules amid growing backlash from users over how their data will be shared with parent company Facebook. Users in recent days have been fleeing WhatsApp in droves over fears that the
Google may face 4th government lawsuit over its business practices
Share this: By Reuters January 15, 2021 | 5:25pm | Updated January 15, 2021 | 5:25pm Enlarge Image The lawsuit is expected to be filed in February or March and would follow complaints about Google’s management of its Play Store.
Netflix could soon let you ‘feel’ the sound around you – but only if you have AirPods
Netflix is rumored to be working on “Spatial Audio” support for AirPods users. Spatial Audio is what Apple calls its AirPods’ immersive sound feature. It works by using sensors and directional audio to track where your head is in relation
Fed to stick to super-easy policy amid economic ‘lull’
2/2 © Reuters. File Photo: The Federal Reserve Bank of Boston’s President and CEO Eric S. Rosengren speaks in New York 2/2 (Reuters) – The Federal Reserve has no plans to dial back its super-easy policy even as the incoming
Fed’s Rosengren Calls Biden Stimulus Plan Big Yet ‘Appropriate’
© Bloomberg. Eric Rosengren, president and chief executive officer of the Federal Reserve Bank of Boston, listens during a Hutchins Center on Fiscal and Monetary Policy event at the Brookings Institution in Washington, D.C., U.S., on Monday, Jan. 8, 2018.
Tesla files petition over speed-display concern raised by auto safety regulators
Tesla filed a petition with US auto safety regulators saying that 612,000 vehicles produced since 2012 do not fully comply with federal safety standards because displays can be switched from miles per hour to only metric measurements, documents released Friday
Xi Jinping asks ex-Starbucks CEO for help with US-China relations
Sounds like Xi Jinping wants to have a Frappuccino with Howard Schultz. The Chinese president wrote a letter to the former Starbucks CEO asking him to help strengthen the fraying relationship between the US and China. In the Jan. 6
Bumble, female-focused dating app, makes its IPO filing public
Bumble made its IPO filing public on Friday, adding fuel to rumors that it will make its stock market debut in time for Valentine’s Day. The female-focused dating app — which grew in popularity in the Tinder era by only
Retail sales drop for third straight month amid COVID-19 surge
US retail sales fell for the third straight month in December as the coronavirus pandemic led shoppers to pinch pennies and hunker down at home. Retailers and food-service merchants raked in just under $541 billion last month — the lowest
Fed’s Kashkari sees pandemic hampering activity through all of 2021
(Reuters) – Federal Reserve Bank of Minneapolis President Neel Kashkari on Friday gave more downbeat assessment of the outlook than some of his colleagues, saying he believes that Americans will still need to wear masks and keep social distance through
Jet.com founder Marc Lore is leaving Walmart
Share this: January 15, 2021 | 11:32am | Updated January 15, 2021 | 11:33am Enlarge Image Marc Lore joined Walmart after the retailer in 2016 bought Jet.com, the hip e-commerce company Lore founded in 2014. Craig Barritt/Getty Images Walmart said
Man who lost password to $220M worth of bitcoin says he’s ‘made peace’
A San Francisco man who lost the password to a thumb drive with $220 million worth of bitcoin inside says he has “made peace” with the loss. Stefan Thomas has used 8 of the 10 attempts allowed by a secure
Bill Gates is reportedly the largest farmland owner in America
Bill Gates may no longer be the world’s richest man, but he can claim a new title: America’s farmland king. The billionaire Microsoft co-founder has become the largest owner of farmland in the United States by quietly buying up massive
U.S. imposes fresh sanctions on Iran in final days of Trump presidency
WASHINGTON (Reuters) – The United States on Friday imposed fresh sanctions on Iranian individuals and entities as Washington continues to step up pressure on Tehran in the final days of U.S. President Donald Trump’s term before it ends Jan. 20.
JPMorgan trims loan reserves on hopes for recovery
2/2 © Reuters. FILE PHOTO: JP Morgan Chase & Co. corporate headquarters in New York 2/2 By Anirban Sen and David Henry (Reuters) – JPMorgan Chase & Co (NYSE:) reported a better-than-expected quarterly profit on Friday as it released some
Wells Fargo records rare profit beat as credit costs fall
© Reuters. Wells Fargo Bank branch is seen in New York By Noor Zainab Hussain and Imani Moise (Reuters) – Wells Fargo (NYSE:) & Co posted a small rise in quarterly profit on Friday that beat Wall Street estimates, as
‘Spend as much as you can,’ IMF head urges governments worldwide
© Reuters. FILE PHOTO: The International Monetary Fund (IMF) headquarters building is seen in Washington MOSCOW (Reuters) – Policymakers worldwide should embrace more spending to help revive their stuttering economies, the head of the International Monetary Fund said on Friday
Apple expected to ditch Touch Bar in 2021 MacBook Pro models
Apple will ditch the “Touch Bar” on its next batch of MacBook Pro computers in favor of returning to physical keys, according to a reputable analyst. Ming-Chi Kuo of TFI Securities writes this week that the iPhone maker is calling
As NYC Staggers On, Cost to Lives and Livelihoods Keeps Rising
© Bloomberg. A pedestrian crosses a nearly empty street in the Times Square neighborhood of New York, U.S., on Wednesday, April 1, 2020. New York reported almost 400 new coronavirus fatalities overnight, pushing up the state’s death toll from the
JPMorgan posts strong final quarter of 2020, sounds optimistic for 2021
Jamie Dimon is feeling better about 2021. The JPMorgan Chase chief announced Friday morning that his bank released $2.9 billion — or about 10 percent — from the massive cash horde it built to absorb future loan losses related to
Bumble scraps political filter as users hunt for Capitol rioters
Share this: January 15, 2021 | 9:15am | Updated January 15, 2021 | 9:23am Enlarge Image Bumble has disabled a feature amateur sleuths were using to search for people involved in the Capitol riot. Alexander Pohl/NurPhoto via Getty Images Amateur
Wells Fargo records surprise quarterly profit
© Reuters. Wells Fargo Bank branch is seen in New York (Reuters) – Wells Fargo (NYSE:) & Co reported a surprise quarterly profit on Friday, as stabilizing credit costs helped offset the hit from low-interest rates meant to prop up
EU Commission welcomes Biden proposal for U.S. stimulus
BRUSSELS (Reuters) – The European Commission welcomed a $1.9 trillion stimulus package proposed by President-elect Joe Biden to help the U.S. economy deal with the COVID-19 pandemic, but said its full impact would not become clear until Congress debates it.
JPMorgan profit jumps 42% on reserve release, investment banking strength
2/2 © Reuters. FILE PHOTO: JP Morgan Chase & Co. corporate headquarters in New York 2/2 By Anirban Sen and David Henry (Reuters) – JPMorgan Chase & Co (NYSE:) reported a much better-than- expected 42% jump in fourth-quarter profit on
Analysis: Biden’s federal boost to vaccine rollout is critical to speeding inoculations
By Carl O’Donnell and Rebecca Spalding (Reuters) – President-elect Joe Biden’s plan to boost the COVID-19 vaccine rollout, including by spending $20 billion to create mass vaccination centers, should help speed up putting shots into the arms of millions of
U.S. stock funds draw $2.2 billion in week: Lipper
(Reuters) – U.S. equity funds saw inflows of $2.2 billion in the week ended Wednesday, a period when Wall Street indexes hit record highs on optimism that President-elect Joe Biden will be able to push more economic stimulus through a
Euro zone bank damage from pandemic limited so far, ECB’s Enria says
© Reuters. FILE PHOTO: Chairperson of European Banking Authority Andrea Enria attends a debate with the European Parliament’s Economic and Monetary Affairs Committee in Brussels FRANKFURT (Reuters) – Euro zone banks have suffered some damage so far from the coronavirus