China's economic recovery likely
accelerated in the fourth quarter, driven by stronger demand at
home and abroad and policy stimulus which is expected to provide
a solid boost into 2021.
Janet Yellen, President-elect Joe Biden's
pick to take over the U.S. Treasury, is expected to affirm the
United States' commitment to market-determined foreign exchange
rates when she testifies on Capitol Hill on Tuesday, the Wall
Street Journal reported on Sunday.
A South Korean court will sentence
Samsung Electronics Co Ltd heir Jay Y. Lee on a
bribery charge on Monday, a ruling likely to have ramifications
for his leadership of the tech giant as well as South Korea's
views toward big business.
Janet Yellen, President-elect Joe Biden's
pick to take over the U.S. Treasury, is expected to affirm the
United States' commitment to market-determined foreign exchange
rates when she testifies on Capitol Hill on Tuesday, the Wall
Street Journal reported on Sunday.
A blistering rally in the
shares of regional banks may be tested when a spate of lenders
report results in the coming week.
Regional banks in the S&P; 500 have surged 11%
since the beginning of the year, beating out the gains in
larger, more diversified banks by about a
percentage point over the same period. Both regional and
diversified banks are running well ahead of the benchmark S&P;
500, buoyed by a rise in Treasury yields to their highest levels
since the pandemi
French drugmaker Valneva
hopes its COVID-19 vaccine can start to be used in Britain
between July and September, the company's chief executive was
quoted as saying.
Britain should not engage in free
trade with countries that abuse human rights, but proposals that
the country's courts should decide whether genocide has been
committed by trade partners is flawed, foreign minister Dominic
Raab said.
British food-delivery company
Deliveroo said on Sunday it had raised a further $180 million
from existing investors, including minority shareholder Amazon
, in a move that values the business at more than $7
billion.
For years, legal troubles have
cast a cloud over Samsung Electronics Vice Chairman
Jay Y. Lee as he stood on the cusp of stepping out of his
father's shadow and making a name for himself as the leader of
the global tech giant.
All American Indices
Data as of 17 Jan 2021.
All quotes delayed at least 15 minutes.
Wall Street's main indexes finished lower on Friday, weighed down by big U.S. banks after their earnings reports and concerns about the viability of President-elect Joe Biden's $1.9 trillion economic stimulus plan. Conway G. Gittens reports.