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Reuters

US business inventories rise in November
World

US business inventories rise in November

  • Business inventories rose 0.5% in November after increasing 0.8% in October, the Commerce Department said on Friday.
  • Retail inventories excluding autos, which go into the calculation of GDP, gained 0.2% instead of 0.3% as estimated last month.
Published 15 Jan, 2021 08:20pm
'Spend as much as you can,' IMF head urges governments worldwide
World

'Spend as much as you can,' IMF head urges governments worldwide

  • In terms of policies for right now, very unusual for the IMF, starting in March I would go out and I would say: 'please spend'. Spend as much as you can and then spend a little bit more.
  • Georgieva praised Russia's synchronised response to the economic challenges created by the COVID-19 pandemic.
Published 15 Jan, 2021 08:16pm
Inside Trump’s final days: Aides struggle to contain an angry, isolated president
World

Inside Trump’s final days: Aides struggle to contain an angry, isolated president

  • Trump had wanted to join the thousands of hardcore followers who assembled at Capitol Hill on Jan. 6.
  • Trump’s fiery, grievance-filled speech from the Ellipse park on the southern outskirts of the White House was a central focus of this week’s hastily arranged proceedings in the House of Representatives that led to his impeachment on a charge of inciting insurrection.
Published 15 Jan, 2021 08:14pm
Pakistan opens bids for 20 onshore petroleum exploration blocks
Markets

Pakistan opens bids for 20 onshore petroleum exploration blocks

  • The minimum investment to be carried out by the exploration and production (E&P) companies in these blocks for prospecting will be over $71 million in three years.
  • The move to grant licences for discovery comes after a gap of several years as the country is facing depleting gas reserves.
Published 15 Jan, 2021 07:54pm
US retail sales fall again in December
World

US retail sales fall again in December

  • Data for November was revised down to show sales declining 1.4% instead of 1.1% as previously reported.
  • The report followed in the wake of news last week that the economy shed jobs in December for the first time in eight months.
Published 15 Jan, 2021 07:46pm
Wintershall Dea says good time for shareholders' 2021 IPO plan
Markets

Wintershall Dea says good time for shareholders' 2021 IPO plan

  • We see indeed positive signals from raw materials prices, equity markets and the macro-economy, which are all strengthening.
  • Earnings before interest, tax, depreciation, amortisation, and exploration expenses, a standard oil industry measure, (EBITDAX), however, fell 44% in Jan-Sept 2020.
Published 15 Jan, 2021 07:24pm