BANGKOK (AP) – The Bank of Thailand plans to tighten regulations on online gold trading to curb the impact of fluctuating prices on the local currency. The new measures will not have a big impact to gold trading, which has become increasingly popular, but will improve transparency of online platforms, the central bank’s assistant governor said.
WASHINGTON (AP) – U.S. wholesale prices rose a hotter-than-expected 0.5% in December. The Labor Department reported Friday that its producer price index – which measures inflation before it hits consumers – rose from November to December at the fastest pace in three months and faster than the 0.3% economists had forecast.
HARRISBURG, Pa. (AP) – Drugmaker Eli Lilly and Co. said Friday that it will build a $3.5 billion manufacturing facility in Pennsylvania, as the company expands domestic production and capitalizes on surging sales of obesity and diabetes treatments.
Jan. 19 – The Washington Post says Congress has dropped the ball regarding oversight of ICE, DHS. Geraldo Lunas Campos died at a Texas detention center on Jan. 3 while pleading for air as guards choked him, according to a fellow detainee. The local medical examiner’s office is considering classifying his death as a homicide, The Post reports.
WASHINGTON (AP) – Senate leaders were scrambling on Friday to save a bipartisan spending deal and prevent a partial government shutdown this weekend as some Republicans pushed back on a rare deal between President Donald Trump and Democrats.
Exxon Mobil topped most expectations in the fourth quarter as the energy giant reported solid production in the Permian Basin and Guyana. For the three months ended Dec. 31, Exxon earned $6.5 billion, or $1.53 per share. It earned $7.61 billion, or $1.72 per share, a year earlier. Earnings were $1.71 per share, topping the $1.68 per share that Wall Street was calling for.
WASHINGTON (AP) – Kevin Warsh has sought the job of Federal Reserve chair, off and on, since President Donald Trump first considered him for the position nearly a decade ago. Now that he is in line for the position, the enormity of the challenge ahead of him is clear.
BEIJING (AP) – U.K. Prime Minister Keir Starmer arrived in the Chinese financial center of Shanghai on Friday in his bid to boost business opportunities for British firms in the world’s second-largest economy, just hours after U.S. President Donald Trump signaled a possible opposition to any deal between Beijing and London.
NEW YORK (AP) – The parent company of Saks Fifth Avenue and Neiman Marcus is closing most of its Saks Off 5th locations to focus on its iconic department stores and raise money to pay off its debts during its Chapter 11 bankuptcy reorganization.
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