Preliminary estimates show US President Joe Biden's proposed US$1.9 trillion economic stimulus package could boost US economic output by 5 per cent over the next three years, the chief economist of the International Monetary Fund said on Tuesday (Jan 26).
Preliminary estimates show U.S. President Joe Biden's proposed US$1.9 trillion economic stimulus package could boost U.S. economic output by 5per cent over the next three years, the chief economist of the International Monetary Fund said on Tuesday.
Champagne sales fell 18 per cent in volume terms in 2020 as the coronavirus pandemic shuttered drinking venues, although the decline was less than feared previously due to strong year-end demand, producers group CIVC said on Tuesday (Jan 26).
U.S. stocks rose on Tuesday with the S&P 500 hitting another record high as positive earnings updates from a slew of companies including Dow components 3M and Johnson & Johnson supported sentiment.
Qualcomm Inc on Tuesday said it will supply a range of chips for General Motors Co's next generation of vehicles.
U.S. consumer confidence rose moderately in January amid lingering concerns about the COVID-19 pandemic.
Larry Fink, chief executive of the world's biggest asset manager BlackRock, on Tuesday warned the companies it invests in that they need to show how they will be able to survive in a world aiming for net-zero carbon emissions by mid-century.
Saudi Aramco's shareholders may consider selling more shares of the company if market conditions are right, the head of the kingdom's sovereign wealth fund (PIF), Yasir al-Rumayyan, said on Tuesday in a televised news briefing.
IMF: Vaccines will power 5.5per cent global economic growth in 2021
The S&P 500 and the Dow were set to open slightly higher on Tuesday, helped by positive earnings updates from a slew of companies including General Electric and Johnson & Johnson, while the Federal Reserve kicked off its two-day policy meeting.
