US banks walk tightrope of encouraging, but not mandating vaccines

Big Wall Street banks have started enforcing stricter mask and vaccine requirements for staff, sometimes communicating them behind the scenes, in an effort to combat Covid-19 infections in their offices while avoiding a fierce national debate about individual rights, sources at the banks and consultants who work with them told Reuters. 
16 August 2021, 18:00 PM

Higher inflation target could trigger jobs boom: Fed ex-staffers

The Federal Reserve may be wrestling with an inflation problem, but two former senior staffers at the US central bank argue that continued higher prices in the future may be what is needed to shift the whole economy to a higher plateau and deliver a jobs boom that helps the broadest set of people. 
16 August 2021, 18:00 PM

Stocks make modest gains after days of records

US and European stock markets made modest gains on Friday after days of records as concerns about the pandemic sparked a surprise collapse in US consumer confidence.
15 August 2021, 18:00 PM

Ford counterattacks in ‘cruise’ dispute with GM

Ford Motor Co said late on Friday it will ask the US Patent Office to rescind trademarks obtained by rival General Motors Co for the terms “Cruise” and “Super Cruise,” escalating a brawl GM began by suing Ford over its use of “Blue Cruise” for an automated driving system.
15 August 2021, 18:00 PM

Multi-billion-dollar reconstruction projects await post-war Libya

A decade after Libya descended into chaos, a host of countries are eyeing potential multi-billion-dollar infrastructure projects in the oil-rich nation if stability is assured.
15 August 2021, 18:00 PM

Investors give value stocks a second look

US value stocks may be getting a second wind, as bets on economic strength bolster Treasury yields and lift cyclically-sensitive shares that have stagnated in recent months after a powerful rally earlier this year. 
14 August 2021, 18:00 PM

Oil dips, little changed on week

Oil prices dipped on Friday and ended the week little changed after weathering concerns from banks and the International Energy Agency that the spread of coronavirus variants is slowing oil demand. 
14 August 2021, 18:00 PM

US consumer sentiment plummets in early August

US consumer sentiment dropped sharply in early August to its lowest level in a decade, in a worrying sign for the economy as Americans gave faltering outlooks on everything from personal finances to inflation and employment, a survey showed on Friday. 
14 August 2021, 18:00 PM

US consumer inflation slows in July

US consumer prices jumped again in July, as spiking gasoline prices continue to fuel inflation, prompting the White House on Wednesday to call for oil producers to open the taps to boost supply.
12 August 2021, 18:00 PM

Exxon, Chevron look to make renewable fuels

US oil major Exxon Mobil Corp, along with Chevron Corp, is seeking to bulk up in the burgeoning renewable fuels space by finding ways to make such products at existing facilities, sources familiar with the efforts said.
12 August 2021, 18:00 PM

US House Democrats seek $160b in new EV funding

A group of 29 US House Democrats want congressional leaders to include at least $160 billion in additional funding for electric vehicles as part of a $3.5 trillion spending measure, according to a letter seen by Reuters. 
12 August 2021, 18:00 PM

US Senate approves $3.5tr spending plan

The US Senate approved a $3.5 trillion spending blueprint for President Joe Biden’s top priorities early on Wednesday morning in a 50-49 vote along party lines, after lawmakers sparred over the need for huge spending to fight climate change and poverty.
11 August 2021, 18:00 PM

US Senate to vote on passage of $1tr infrastructure bill

The US Senate has set a Tuesday vote on passage of a $1 trillion bipartisan infrastructure bill that is one of President Joe Biden’s top priorities, and then will immediately begin to debate a more far-reaching $3.5 trillion bill.
10 August 2021, 18:00 PM

Tesla sold 32,968 China-made vehicles in July

US electric vehicle maker Tesla Inc sold 32,968 China-made vehicles in July, including 24,347 for export, the China Passenger Car Association (CPCA) said on Tuesday.
10 August 2021, 18:00 PM

JPMorgan mandates masks for employees in US offices

JPMorgan Chase & Co employees in the United States will be required to wear masks in public indoor settings and in common areas within its offices regardless of their vaccination status, the bank told staff in a memo on Friday. 
8 August 2021, 18:00 PM

US Senate advances infrastructure bill towards passage

The US Senate voted to advance a $1 trillion infrastructure package on Saturday but remained on a slow path toward passage with two Republicans openly opposing behind-the-scenes efforts to wrap up work on one of President Joe Biden’s top priorities. 
8 August 2021, 18:00 PM

Investors wary on Washington, balancing debt ceiling

The economic boost from an expected $1 trillion infrastructure bill working its way through the US Senate has helped push Wall Street stocks near record levels, but some investors are concerned that the next two months in Washington could be rocky.
7 August 2021, 18:00 PM

Amazon orders all US employees to mask up at work

Amazon will require all of its US employees to wear a mask at work regardless of their vaccination status.
7 August 2021, 18:00 PM

US labour market powers ahead with strong job gains

US employers hired the most workers in nearly a year in July and continued to raise wages, giving the economy a powerful boost as it started the second half of what many economists believe will be the best year for growth in almost four decades. 
7 August 2021, 18:00 PM

Biden to set target for 50pc EVs by 2030

US President Joe Biden was scheduled to sign an executive order on Thursday setting a target to make half of all new vehicles sold in 2030 zero-emissions vehicles and propose new vehicle emissions rules to cut pollution through 2026, the White House said.
5 August 2021, 18:00 PM