Wednesday 20 January 2021

Wall Street closes at record highs as Netflix jumps, Biden inaugurated

Wall Street closes at record highs as Netflix jumps, Biden inaugurated

U.S. stocks closed at record highs on Wednesday as Joe Biden was sworn in as the 46th U.S. president, while solid results from Netflix sparked a rally in shares of "stay-at-home" beneficiaries.

Brazil's Bolsonaro says he wants free trade agreement with U.S. in letter to Biden

Brazilian right-wing President Jair Bolsonaro on Wednesday wrote to newly inaugurated U.S. President Joe Biden that he hoped the two countries would pursue a broad free trade agreement during Biden's tenure.

Kinder Morgan beats profit estimates on higher natgas volume

Kinder Morgan Inc reported a better-than-expected quarterly profit on Wednesday as demand for transporting natural gas picked up after a coronavirus-induced slump hurt volumes earlier in 2020.

Mercedes unveils electric compact SUV in bid to outdo Tesla

Daimler AG's Mercedes-Benz on Wednesday unveiled the EQA, a new electric compact SUV as part of plans to take on rival Tesla Inc and offer more emission-free vehicles to consumers to meet targets in Europe and China.

Equities hit record highs, oil and dollar edges higher as Biden takes office

Global equity benchmarks rose to new record highs and oil prices rose on Wednesday as investors moved into riskier assets in anticipation of further U.S. stimulus under the new Biden administration to mend the economic damage of the coronavirus pandemic.

Oil rises on U.S. stimulus hopes, tighter market under Biden

Oil edged higher on Wednesday on expectations that U.S. President Joe Biden's administration will deliver hefty pandemic-related economic stimulus that will lift fuel demand and enact policies that will tighten crude supply.

Biden to revoke KXL pipeline permit in blow to Canada's oil sector

U.S. President Joe Biden on Wednesday will revoke the permit needed to build the Keystone XL oil pipeline after being sworn into office, aides said, dashing Ottawa's hopes of salvaging a project that the struggling Canadian crude sector has long supported.

Silver lining: Biden's scrapping of Keystone pipeline allows Canada's Trudeau to move on

U.S. President Joe Biden's move to scrap the Keystone XL oil pipeline, while a blow to Canada's energy sector, is a blessing in disguise for Prime Minister Justin Trudeau, who is eager to embrace the new administration, two sources familiar with the matter said.

Google's advertising practices targeted by EU antitrust probe

EU antitrust regulators have sought information from advertisers regarding Google's advertising technology practices, a European Commission document seen by Reuters shows.

Pandemic-driven cleaning routines boost P&G sales forecast again

Procter & Gamble Co raised its full-year sales forecast for a second time on Wednesday as it benefited from sustained coronavirus-driven demand for cleaning products, while also warning that the pace of sales might slow as vaccines roll out.

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