The Federal Reserve struck the right tone in its first pandemic-era economic outlook, suggesting years of extraordinary policy support for an economy facing a slow and long slog back, according to a majority of economists in a Reuters poll.
Asian stocks were set to edge up on Tuesday after oil prices rose and technology firms pushed Wall Street higher, although investors remained worried about fresh coronavirus outbreaks across the globe.
WASHINGTON: The US Transportation Department on Monday (Jun 22) accused the Indian government of engaging in "unfair and discriminatory practices" on charter air transportation services to and from India and issued an order requiring Indian air carriers to apply for authorization prior to ...
OAKLAND: More than 1,600 workers at Alphabet Inc are petitioning its Google unit to stop selling email and other services to police departments, a source familiar with the matter said on Monday. The workers in a petition seen by Reuters expressed disappointment with Google not joining the ...
FRANKFURT AM MAIN: The German government leapt into action on Monday (Jun 22) to rescue a proposed nine-billion-euro (US$10.1 billion) coronavirus bailout for Lufthansa that has run into resistance from a billionaire shareholder. Economy Minister Peter Altmaier and Finance Minister Olaf Scholz met ...
SINGAPORE: Property agents are gearing up to serve more home buyers who want to view showrooms and resale residential units in person, in Phase 2 of Singapore’s post-“circuit breaker” reopening. Potential buyers were unable to do so for more than two months due to COVID-19 restrictions, prompting ...
SINGAPORE: The Emerging Stronger Taskforce is working “very quickly” to identify the risks and threats to each sector of Singapore’s economy, and facilitate opportunities for businesses and workers, said the task force’s co-chair Desmond Lee. “If you look at what’s happening to economies because ...
T-Mobile on Monday launched a stock offering to facilitate SoftBank Group Corp's plan to sell a portion of its stake in the telecom operator.
A U.S. prosecutor on Monday urged a judge to keep a former Green Beret and his son locked up as Japan prepares to formally seek their extradition on charges that they helped former Nissan Motor Co boss Carlos Ghosn flee the East Asian country.
Bayer AG won a court ruling blocking California from requiring the German-based company to tell consumers that a chemical in its Roundup herbicide is known to cause cancer, Bloomberg News reported on Monday.
