Swiss court finds Israeli businessman Beny Steinmetz guilty of corruption
A Swiss criminal court found Israeli businessman Beny Steinmetz guilty of corruption on Friday and sentenced him to five years in jail.
Yellen wins unanimous Senate panel vote for Treasury despite Republican tax, debt concerns
(Kitco News) - The Senate Finance Committee unanimously approved Janet Yellens nomination as the first Treasury secretary, indicating that she will easily win full Senate approval, but Republicans called for her to work with them in developing economic policies.
Biden to sign order to increase pandemic-related food aid
WASHINGTON (Reuters) - U.S. President Joe Biden on Friday will sign two executive orders aimed at speeding pandemic stimulus checks to families who need it most and increasing food aid for children who normally rely on school meals as a main source for nutrition.
Global stocks ease as gloomy data takes shine off U.S. stimulus hopes
LONDON (Reuters) - Global shares slipped off record highs on Friday as gloomy data reminded investors of the struggles facing the economic recovery, curbing a rally fuelled by hopes of U.S. stimulus by newly inaugurated President Joe Biden.
Biden's rescue plan will give U.S. economy significant boost: Reuters poll
BENGALURU (Reuters) - U.S. President Joe Biden's proposed fiscal package will boost the coronavirus-hit economy significantly, according to a majority of economists in a Reuters poll, and they expect it to return to its pre-COVID-19 size within a year.
Dollar inches up after three-day losing streak; risk currencies fall
LONDON, Jan 22 (Reuters) - The dollar edged slightly higher on Friday after three straight days of losses, and riskier currencies fell, as bleak economic data gave global equity markets reason to pause after another week of record highs.
METALS-Copper slips as China's coronavirus outbreak raises demand fears
LONDON, Jan 22 (Reuters) - Copper fell on Friday alongside stock markets and oil prices as poor economic data and new coronavirus restrictions in China, the world's biggest raw materials consumer, weakened the outlook for economic growth and demand.
China says 10 workers trapped in gold mine are searching for others
The ten known survivor strapped since a deadly Jan. 10 gold mine explosion in northern China have been using laser pointers and loudspeakers to try to find their missing colleagues.
Copper dips as China's rising COVID-19 cases spook demand outlook
Copper prices fell on Friday on worries that demand from top consumer China will be dampened due to the country's rising coronavirus cases that could trigger further restrictions.
Brazil's Vale resumes pellet production at Vargem Grande mine
Brazil iron ore miner Vale SA said on Thursday it has resumed pellet production at its Vargem Grande mine in Minas Gerais state.
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