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  • Fed's Rosengren says need to keep buying MBS, Treasuries

    Federal Reserve Bank of Boston President Eric Rosengren said on Friday he welcomes President-elect Joe Biden's proposed $1.9 trillion stimulus package as "big" but "appropriate," and signaled the Fed has no inclination to dial back from its own super-easy monetary policy.

  • U.S. drillers add oil and gas rigs for 8th week in a row -Baker Hughes

    U.S. energy firms this week added oil and natural gas rigs for an eighth week in a row as crude prices recover to their highest in nearly a year. The oil and gas rig count, an early indicator of future output, rose 13 to 373 in the week to Jan. 15, its highest since May, energy services firm Baker Hughes Co (BKR) said in its closely followed report on Friday.

  • Bans on GMO corn, glyphosate in Mexico would shrink food supplies, industry says

    The Mexican government's push to wean itself off a massive dependence on genetically modified corn imports would upend the country's food supply, including its big livestock sector, industry officials warn. Both the agriculture and economy ministries held high-level meeting with industry representatives this week, according to several participants.

  • GLOBAL MARKETS-Dollar rises despite drop in yields; data, lockdowns weigh on stocks

    * Dollar index touches highest since Dec 21. * Oil falls on China, Europe lockdowns. * Currencies vs. * Global asset performance in 2021 http://tmsnrt.rs/2jvdmXl. By Rodrigo Campos. NEW YORK, Jan 15 - Stocks and oil prices fell on Friday pressured by intensifying lockdowns and weak U.S. retail sales data, while the dollar was on track to post its strongest week in over two months.

  • Amazon union election to start in February: U.S. labor board

    • BY Reuters|
    • 12:56 PM ET 01/15/2021

    - Amazon.com Inc's (AMZN) first U.S. union election since 2014 is scheduled to begin with the mailing of ballots in early February and a vote count starting March 30, a U.S. labor board official said in a filing on Friday. A "yes" vote, at Amazon's (AMZN) fulfillment center in Bessemer, Alabama, would mark the first ever for a U.S. Amazon (AMZN) facility.

  • Amazon union election to start in February: U.S. labor board

    • BY Reuters|
    • 12:54 PM ET 01/15/2021

    Amazon.com Inc's (AMZN) first U.S. union election since 2014 is scheduled to begin with the mailing of ballots in early February and a vote count starting March 30, a U.S. labor board official said in a filing on Friday. A "yes" vote, at Amazon's (AMZN) fulfillment center in Bessemer, Alabama, would mark the first ever for a U.S. Amazon (AMZN) facility.

  • EU welcomes Biden proposal for U.S. stimulus

    • BY Reuters|
    • 12:36 PM ET 01/15/2021

    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. Biden outlined the package on Thursday, saying bold investment was needed to jump-start the economy and accelerate the distribution of vaccines.

  • Fed's Kashkari sees pandemic hampering activity through all of 2021

    • BY Reuters|
    • 11:56 AM ET 01/15/2021

    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 all of 2021.

  • UK records 55,761 new cases as infection numbers, deaths rise

    • BY Reuters|
    • 11:42 AM ET 01/15/2021

    Britain recorded 55,761 new cases of COVID-19 on Friday, an increase on the 48,682 cases recorded the previous day, as the number of infections rises despite hopes that lockdowns across the country could start to help push rates down.

  • FOREX-Dollar rises as disappointing U.S. data sours risk appetite

    * Dollar higher across the board. * Pound knocked by sour market mood. By Saqib Iqbal Ahmed. The U.S. dollar rose across the board to hit a near four-week high against a basket of currencies on Friday, as economic data showing the COVID-19 pandemic's continuing toll on the economy boosted demand for the safe-haven currency.

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