Colombia unveils plan to boost foreign investment, multinational relocations

Economic IndicatorsAug 21, 2020 03:40PM ET (C) Reuters. People walk inside a shopping center in Bogota BOGOTA (Reuters) – Colombia’s government on Friday launched an effort to attract $11.5 billion in non-energy related foreign investment between now and 2022, in a bid to create jobs during the economic crisis caused by the coronavirus. The plan, […]

Gold Has Another Stormy Session Before Closing Higher

Commodities7 hours ago (Aug 21, 2020 03:37PM ET) By Barani Krishnan – Gold swung nearly $50 on the day before settling up 50 cents in New York futures trade, demonstrating the yellow metal’s return to a rollercoaster mode from the one-way — higher — direction seen just days earlier this week. Benchmark December gold […]

Michigan, Indiana, Illinois Lead U.S. Jobs Improvement in July

Stock Markets11 hours ago (Aug 21, 2020 12:00PM ET) (C) Bloomberg. An employee wearing a protective mask works in the turning area of the Avon Machining LLC Manufacturing facility in Shelby Township, Michigan. Photographer: Emily Elconin/Bloomberg (Bloomberg) — Michigan and other Rust Belt states led the improvement in the U.S. employment picture in July, showing […]

Take Five: Going virtual in Jackson Hole

(C) Reuters. A man wears a protective mask as he walks on Wall Street during the coronavirus outbreak in New York LONDON (Reuters) – 1/ POWELL TAKES (VIRTUAL) CENTRE STAGE A lot has been riding on the Fed in recent months: risk assets have surged on the back of its do-whatever-it-takes approach to propping up […]

UK budget office sees debt above 106% of GDP this year

Economy12 hours ago (Aug 21, 2020 11:05AM ET) (C) Reuters. FILE PHOTO: People walk in an office in the financial centre of Canary Wharf LONDON (Reuters) – Britain’s official budget forecasters raised their estimate for the size of the country’s public debt pile at the end of the current financial year, after data showed earlier […]

Stocks – Wall Street Opens Mixed as Rally Runs out of Steam

Stock Markets13 hours ago (Aug 21, 2020 09:37AM ET) (C) Reuters. By Geoffrey Smith — U.S. stock markets opened mixed on Friday, paring premarket losses but unable to find the strength to advance further after a record-breaking week. By 9:35 AM ET (1335 GMT), the Dow Jones Industrial Average was down 12 points or […]

China promised to follow Phase One trade deal, Pompeo says

Economy4 hours ago (Aug 21, 2020 09:20AM ET) (C) Reuters. U.S. Secretary of State Pompeo visits United Nations to submit complaint to Security Council calling for restoration of sanctions against Iran at U.N. headquarters in New York WASHINGTON (Reuters) – China has promised to follow the Phase One trade deal reached with the United States, […]