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0206 GMT January 18, 2021

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Dollar shorts mount before Yellen outlines market-based policy

Dollar shorts mount before Yellen outlines market-based policy
By Ruth Carson
Oil's supply-led rally peters out as virus cases surge
Oil prices on Monday fell further from 11-month highs touched last week, ending a rally that started at end-October on production cuts and strong Chinese demand, with the market’s outlook questioned as coronavirus infections rise.
UK firms urge government to help struggling Eurostar: Media
British business leaders called on the government to rescue Eurostar, reports said, after the firm said it was close to collapse following border closures to contain new COVID-19 strains.
China economy grows in 2020 as rebound from virus gains
China eked out 2.3% economic growth in 2020, likely becoming the only major economy to expand as shops and factories reopened relatively early from a shutdown to fight the coronavirus while the United States, Japan and Europe struggled with disease flare-ups.
Chabahar receives first port equipment from India
Iran’s Chabahar port received its first shipment of port equipment, worth $8.5 million, from India as part of an agreement between the two countries, a provincial official said.
Iran using homegrown track switches to expand railways: Report
Iran is no longer in need of importing railroad switches as a domestic company has mastered the know-how to manufacture the complicated installation inside the country.
IME weekly trade tops $254m
The Iran Mercantile Exchange (IME) announced that 561,840 tons of commodities, valued at over $254 million, were traded in its domestic trading and export halls in the week ending January 14, 2021.
Tehran’s sewage system nearly complete with construction of new tunnel
A major sewer tunnel was built in Tehran as the Iranian megacity is nearing the end of a long journey to complete its integrated sewage system.
Iran seizes 45,000 illegal bitcoin miners
The Iranian Energy Ministry said police have acted on their tip-off to seize some 45,000 bitcoin mining machines that were illegally using subsidized electricity at a time the country faces increased demand for power.
Iran exports over 93,000 tons of agro crops to Iraq
Iran exported more than 93,000 tons of agricultural products worth over $43 million, to neighboring Iraq via Mehran border crossing during March 20-December 20, 2020, said a provincial official of the Islamic Republic of Iran Customs Administration (IRICA).