Markets

REUTERS: The Federal Reserve on Wednesday repeated a pledge to use its "full range of tools" to support the U.S. economy and keep interest rates near zero for as long as it takes to recover from the fallout from the coronavirus outbreak, saying the economic path will depend significantly...

The Federal Reserve on Wednesday repeated a pledge to use its "full range of tools" to support the U.S. economy and keep interest rates near zero for as long as it takes to recover from the fallout from the coronavirus outbreak, saying the path of the economy will depend...

Bank of America Inc (BAC.N), the second-largest U.S. lender, has asked the Trump administration to correct data meant to offer public accountability on the recipients of US$520 billion in pandemic aid, and a group of U.S. Democratic lawmakers has written to demand action before more funds are ...

Contracts to buy U.S. previously owned homes rose to a nearly 14-1/2-year high in June, the latest indication that the housing market was weathering the COVID-19 pandemic far better than the broader economy.

When the French part of the Renault-Nissan alliance reports its results on Thursday, investors expect confirmation of a harsh reality: automakers that already had weaknesses are having them mercilessly exposed by the COVID-19 epidemic.

SINGAPORE: A consultation report released on Wednesday (Jul 29) has recommended that the SGD Singapore Interbank Offered Rates (SIBOR) be discontinued in three to four years, with a shift instead to the use of the Singapore Overnight Rate Average (SORA) as the main interest rate benchmark for SGD ...

U.S. Treasury Secretary Steve Mnuchin said on Wednesday that TikTok was under a national security review and that his agency would make a recommendation to the president about the popular Chinese-owned video-sharing app this week.

Leasing giant AerCap has reduced its order for Boeing's grounded 737 MAX aircraft by 15 planes, leaving it with 80 of the planes on order as regulators continue to review the 737 MAX's return after two fatal crashes.

LONDON: London's Heathrow airport on Wednesday (Jul 29) urged the government to create a COVID-19 testing programme for travellers to replace quarantines, as it announced more than a billion pounds in losses in 2020. The air hub, usually the busiest in Europe, said it had recorded a pre-tax loss ......

Boeing said on Wednesday it would cut production on its marquee 787 and 777 jet programs and delay ramp up plans on the 737 MAX, as it reported a bigger-than-expected quarterly loss due to the fallout from the COVID-19 pandemic.