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Gold gains, dollar weakens as Yellen underscores need of stimulus

Spot gold gained 0.6% to $1,850.66 per ounce by 0604 GMT. U.S. gold futures added 0.5% to $1,850

Oil rise on hopes of US Covid-19 stimulus and crude stocks drawdown

U.S. West Texas Intermediate (WTI) crude futures climbed 37 cents, or 0.7%, to $53.35 a barrel at 0427 GMT, building on a 1.2% rise on Tuesday

US: With a nation in crisis, pressure builds on Joe Biden to deliver

Biden is under significant pressure to turn his pledges of unity and competence into results - and swiftly

Trump ends tumultuous presidential term under cloud, faces uncertain future

Trump, 74, will bid farewell to the White House hours before President-elect Joe Biden is inaugurated

Volkswagen says China car sales, production hit by chip supply shortage

Global automakers including Ford Motor Co, Toyota Motor Corp and Nissan Motor Co Ltd have said they would cut vehicle production

Kia reviews electric car cooperation with multiple firms after Apple report

Kia's listed sister company Hyundai Motor Co said earlier this month it was in early talks with Apple, after local media reported the firms were discussing an electric car and battery-tie up

Netflix forecasts an end to borrowing for financing projects, shares surge

Netflix said it will explore returning excess cash to shareholders via share buybacks. It plans to maintain $10 billion to $15 billion in gross debt

Treasury nominee Yellen says markets should determine value of dollar

Yellen said she would work to implement Biden's promise to "oppose any and all the attempts by foreign countries to artificially manipulate currency values to gain an unfair advantage in trade"

Oil gains on stimulus optimism ahead of Joe Biden's inauguration

By Scott DiSavino

Janet Yellen says Biden's focus now is providing relief, not raising taxes

Yellen said she agreed that the 2017 corporate tax cut had improved the competitiveness of American businesses, and Biden was not proposing to raising corporate taxes to the pre-2017 level

Average US air fares fall to lowest price after Covid-19 pandemic

The average ticket price was $245, down 30% over the same period in 2019 and down 7% over the second quarter, when average prices were $262 a ticket

Donald Trump's legacy: A more divided America, a more unsettled world

Trump leaves behind an even more polarized America, where thousands are dying daily from the Covid-19 pandemic, the economy is badly damaged and political violence has surged

India to start Covid-19 vaccine exports on Wednesday, says report

The foreign ministry said shipments would start on Wednesday following requests from "neighbouring and key partner countries"

Goldman Sachs profit more than doubles on underwriting, trading boost

Goldman Sachs profit more than doubles on underwriting, trading boost

Bank of America's Q4 profit falls 18% to $5.47 bn but tops Street views

The firm said it plans to repurchase $2.9 billion worth of stock this quarter, the most it can under new Federal Reserve guidelines

India plans foreign investment rule changes that could hit Amazon: Report

Amazon and Walmart's Flipkart were last hit in Dec. 2018 by investment rule changes that barred foreign e-commerce players from offering products from sellers in which they have an equity stake

Vedanta Resources settles copper mine pollution claim in Zambia

The claim, centering on pollution from the Nchanga Copper Mine, was brought by more than 2,500 Zambian villagers against KCM

Wall Street opens higher ahead of Yellen speech; spotlight on earnings

Wall Street opens higher ahead of Yellen speech; spotlight on earnings

Bank of America hopes for loan growth bounce after muted quarter

The second-largest U.S. bank by assets also reported a 13% fall in consumer banking revenue

Indonesia, Malaysia eye joint campaign in Europe to counter palm oil critic

The producers of palm oil, grown primarily in Indonesia and Malaysia, are accused of clearing vast areas of biodiversity rich rainforests in Southeast Asia and exploiting migrant workers