International Monetary Fund Chief Economist Gita Gopinath said on Friday governments must shift to "equity-like" support from one focused on liquidity provision as the coronavirus pandemic inflicts prolonged harm on companies.
Amazon.com Inc plans to create at least US$100 million in stock awards to retain the 900-plus employees of Zoox, the self-driving car startup it offered to buy last month, and can walk away from the deal if large numbers of them turn down job offers from the technology giant....
The dollar and other safe-haven currencies were well bid on Friday after a surge in new coronavirus cases in the United States further undermined the case for a quick economic recovery.
Amazon.com Inc plans to create at least US$100 million in stock awards to retain the 900-plus employees of Zoox, the self-driving car startup it offered to buy last month, and can walk away from the deal if large numbers of them turn down job offers from the technology giant....
Ford Motor Co may have to shut some U.S. car plants as early as next week if they fail to receive engines produced in Mexico's Chihuahua state, Christopher Landau, the U.S. ambassador to Mexico, said on Thursday.
The Nasdaq finished at another record on Thursday (Jul 9), but the Dow and S&P 500 retreated as markets weigh the economic toll from the spike in coronavirus cases in many US states.
THE wealth and number of high net worth individuals (HNWI) in the Asia Pacific grew at a slower pace than the US and Europe for the first time since 2012, the latest World Wealth Report 2020 by Capgemini has found.
Wells Fargo & Co said on Thursday it has hired Flagstar Bank's Kristy Fercho to run its mortgage division following the retirement of 23-year veteran Michael DeVito from the company.
Wall Street's most controversial stock may be about to go mainstream.
The Trump administration plans to finalise regulations this week that will bar the U.S. government from buying goods or services from any company that uses products from five Chinese companies including Huawei, Hikvision and Dahua, a U.S. official said.
