Treasury Secretary Steven Mnuchin on Thursday asked the Federal Reserve to return more than US$400 billion in unused funds from the massive March pandemic relief package so that Congress can reappropriate it to deliver economic stimulus.
The Federal Trade Commission and a bipartisan group of dozens of state attorneys general are in the final stages of filing one or more major antitrust complaints against Facebook Inc in early December, according to four sources familiar with the situation.
GIC-backed fintech OakNorth has secured a US$30 million investment from SMBC, which will drive data-backed lending in emerging markets such as Indonesia.
MORE than 40 global satellite events from around the world will join in as part of the Singapore FinTech Festival (SFF) x Singapore Week of Innovation & TeCHnology (SFF x SWITCH) 2020, in a first for the annual affair.
Verizon Media, a unit of Verizon Communications Inc , said on Thursday it would sell its news website HuffPost to BuzzFeed, in a deal that will make it a minority shareholder in the online media firm.
Treasury Secretary Steven Mnuchin on Thursday asked the Federal Reserve to return more than US$400 billion in unused funds from the massive March pandemic relief package so that Congress can reappropriate it to deliver economic stimulus.
U.S. President-elect Joe Biden on Thursday said he supports the way the Federal Reserve has managed interest rate policy and that he has selected a person to run the Treasury Department.
The most intense US coronavirus outbreak yet appears to have slowed hiring and may have begun to drag on retail spending on the cusp of the holiday shopping season, even as overall economic activity proves more resilient than in the spring.
Amazon said on Thursday (Nov 19) it would postpone its "Black Friday" discount shopping sales in France to Dec 4, joining other retailers in delaying the event amid a nationwide lockdown slated to last until Dec 1.
