Funds recommended equity holdings be trimmed to the lowest in over four years in August, despite record-breaking gains by world stocks, as the pandemic drags on and new data suggest the nascent economic rebound is stalling, Reuters polls found.
SINGAPORE: Aircraft manufacturer Boeing called on three airlines to pull eight 787 Dreamliners from service, after it found a manufacturing issue in the jet's structure, aviation website The Air Current reported on Friday (Aug 28). Aircraft for Singapore Airlines, United Airlines and Air Canada ...
Coca-Cola Co said on Friday it would reduce its global workforce as part of a company-wide restructuring.
U.S. Federal Reserve chair Jerome Powell tried to address economic inequalities in his landmark policy move. Still the Fed holding rates lower-for-longer may support bulging asset prices - which is unlikely to benefit the neediest and could well widen the wealth gap in the near term.
In a luxury mansion in the Hollywood Hills, young TikTok influencers bounced around on a bright sunny morning this week trying out new ideas for zany short form videos that they hope will go viral.
REUTERS: One of the fundamental theories of modern economics may have finally been put to rest. In the several years before the coronavirus pandemic took hold of the global economy, Federal Reserve policymakers watched as the U.S. unemployment rate fell lower and lower and waited for the jump in...
Of the many tragedies in the U.S. coronavirus epidemic, among the largest was that the nation's four economic powerhouses - California, Florida, New York and Texas - bolted to opposite corners early in an often politicized response to the crisis.
Raised in a white-collar Washington suburb, a product of prep schools, elite colleges and the 1per cent world of private equity, Jerome Powell is an unlikely candidate to tilt U.S. monetary policy toward the working class.
More than 100 British lawmakers have joined forces with trade union Unite to urge the government to provide extra state support to airlines and airports as travel slumps due to the coronavirus pandemic and job losses increase.
SINGAPORE: The Government will tighten coordination between its economic and social policies to ensure that Singaporeans can have access to jobs and opportunities in the post COVID-19 economy, said Deputy Prime Minister Heng Swee Keat on Friday (Aug 28). This is part of its efforts to more ...
