WITH selected branches suspending operations to meet stricter safe distancing requirements, banks have come out to assure affected staff that they will suffer no pay cuts, despite being redeployed.
U.S. President Donald Trump said on Friday he would help Mexico contribute to global oil output reductions, in a surprise move that could break an impasse among the world's major oil producers over cutbacks aimed at stabilizing crude prices.
Boeing Co has hired investment banks Lazard and Evercore Inc to assess potential US government assistance or private sector loans, a person briefed on the matter confirmed on Friday.
Coast-to-coast shutdowns of businesses and stay-at-home orders from the effort to contain the new coronavirus pandemic took their toll on US consumer prices in March, sending them down by the most in five years.
The U.S. economy was on a strong footing before the coronavirus pandemic and Federal Reserve officials are working to help the economy rebound quickly once businesses that were shuttered because of the virus begin to reopen, two policymakers said Friday.
US Treasury Secretary Steven Mnuchin is holding calls with airline CEOs throughout the day and could announce details of a US$32 billion payroll grant package later this afternoon, people briefed on the matter told Reuters.
A shocking 16.8 million people filed for U.S. unemployment benefits in the last three weeks as the country shut down to stop the spread of the novel coronavirus, overwhelming state labor departments and creating a large backlog of pending applications.
Johnson & Johnson said on Friday it abandoned plans to buy Takeda Pharmaceutical’s surgical patch product TachoSil, citing regulatory issues.
WASHINGTON: The U.S. Justice Department and other federal agencies on Thursday called on the Federal Communications Commission (FCC) to revoke China Telecom (Americas) Corp's authorization to provide international telecommunications services to and from the United States. China Telecom is the U.S ...
Inflation in China grew at its slowest pace since last October, official data showed Friday, falling from eight-year highs due to a drop in food prices as the country gradually lifts virus lockdowns.
