Page 3 - Stimulus Package
'We can't wait:' Biden to push US Congress for $1.9 trn in Covid-19 relief
Brian Deese, director of the National Economic Council, said he would speak to the senators as part of a push by the Biden administration to make the case for a large rescue plan
 "'We can't wait:' Biden to push US Congress for $1.9 trn in Covid-19 relief")
Biden administration to discuss stimulus with lawmakers on Sunday
Democratic President Joe Biden, who took office on Wednesday, has proposed a $1.9 trillion stimulus package
 "Biden administration to discuss stimulus with lawmakers on Sunday")
Sensex rises 394 points to 49,792, Nifty at 14,645; RIL jumps 1.9%
"Janet Yellen's statement that the United States needs a big stimulus push has pumped markets across the globe, including India," said Ajit Mishra, vice president, research at Religare Broking
 "Sensex rises 394 points to 49,792, Nifty at 14,645; RIL jumps 1.9%")
Janet Yellen faces Senate to sell $1.9 trillion stimulus package
The Senate Finance Committee's 10 am hearing Tuesday is likely to feature topics from foreign-exchange policy to taxes
 "Janet Yellen faces Senate to sell $1.9 trillion stimulus package")
Oil prices drop over 2% on China lockdowns, US stimulus concerns
Brent fell $1.32, or 2.3%, to settle at $55.10 a barrel
 "Oil prices drop over 2% on China lockdowns, US stimulus concerns")
Wall Street opens lower after Biden's stimulus plan raises tax concerns
The Dow Jones Industrial Average fell 64.7 points
 "Wall Street opens lower after Biden's stimulus plan raises tax concerns")
S&P, Nasdaq hit record highs as stimulus hopes outweigh dire jobs report
(Reuters) - The S&P 500 and the Nasdaq scaled new highs on Friday, as hopes of more economic stimulus to ride out a pandemic-led downturn eclipsed concerns over a significant loss of pace in a labor market recovery.
 "S&P, Nasdaq hit record highs as stimulus hopes outweigh dire jobs report")
Britain offers lockdown-hit firms extra 4.6 billion pounds of help
Britain offered a new 4.6 billion pound ($6.2 billion) support package for businesses struggling to cope with a third national lockdown
 "Britain offers lockdown-hit firms extra 4.6 billion pounds of help")
Commodity markets to end 2020 on strong note with vaccine, stimulus news
Global commodity markets are poised to end 2020 on a strong note, with recovering demand and widespread stimulus packages buoying prices after a roller coaster ride caused by the coronavirus pandemic
 "Commodity markets to end 2020 on strong note with vaccine, stimulus news")
Mitch McConnell rebuffs Trump, Democrats by blocking $2,000 cheques
McConnell objected to a motion by Senate Minority Leader Chuck Schumer to approve by unanimous consent a stimulus-checks bill that passed the House on Monday
 "Mitch McConnell rebuffs Trump, Democrats by blocking $2,000 cheques")
Trump's $2,000 checks all but dead as Republican-led Senate refuses aid
President Donald Trump's push for USD 2,000 COVID-19 relief checks was all but dead on Wednesday as Senate Majority Leader Mitch McConnell proposed an alternative approach
 "Trump's $2,000 checks all but dead as Republican-led Senate refuses aid")
Wall Street slips from record levels, additional stimulus uncertain
The Dow Jones Industrial Average fell 101.76 points, or 0.33%, to 30,302.21, the S&P 500 lost 9.84 points, or 0.26%, to 3,725.52 and the Nasdaq Composite dropped 57.54 points, or 0.45%, to 12,841.89
 "Wall Street slips from record levels, additional stimulus uncertain")
US stimulus fix propels Asian shares, Nikkei zooms to 30-year high
Japan's Nikkei leapt 1.63% to its highest since August 1990, while shares in China rose 0.1%
 "US stimulus fix propels Asian shares, Nikkei zooms to 30-year high")
Sensex above 47K on US stimulus package; Wall Street hits record high'
Most markets worldwide, including European and US indices, were in the green, with Wall Street's main indices hitting record highs in early trading
 "Sensex above 47K on US stimulus package; Wall Street hits record high'")
Oil steadies below $52 as US' $900 bn stimulus counters weak demand
Brent crude was up 6 cents, or 0.1%, at $51.35 a barrel at 1450 GMT, after trading as high as $52.02 earlier in the session
 "Oil steadies below $52 as US' $900 bn stimulus counters weak demand")
Global shares lifted by US stimulus package cheer and Brexit relief
By backing down from his earlier threat to block the bipartisan bill, Trump allowed millions of Americans to continue receiving unemployment benefits and averted a federal government shutdown
 "Global shares lifted by US stimulus package cheer and Brexit relief")
Republicans block Democrat bid to pass $2,000 stimulus checks to Americans
Republicans in the US House of Representatives blocked an attempt from House Democrats to pass $2,000 direct payments to Americans, a figure demanded by President Donald Trump
 "Republicans block Democrat bid to pass $2,000 stimulus checks to Americans")
Stimulus hopes, Brexit deal lift benchmarks; Axis Bank rises over 3%
The Sensex ended the session at 46,973, a gain of 529 points or 1.14 per cent. The Nifty ended the session at 13,749, or up 148 points or 1.09 per cent
 "Stimulus hopes, Brexit deal lift benchmarks; Axis Bank rises over 3%")
S&P 500 pares losses as US stimulus passage expected; Tesla falls 4.6%
The $900 billion package, expected to pass on Monday, includes unemployment aid and steers money to small businesses, airlines, transit systems and vaccine distribution.
 "S&P 500 pares losses as US stimulus passage expected; Tesla falls 4.6%")
$900-billion US stimulus includes $600 checks; $15 billion in airline aid
The support is part of $45 billion earmarked for the transportation sector in a $900 billion package for COVID-19 relief.
 "$900-billion US stimulus includes $600 checks; $15 billion in airline aid")