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. 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.
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.
* 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.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.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.
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.
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.
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.
* 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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