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 ...
THE collapse in oil prices and the Covid-19 outbreak are exposing questionable practices in the Singapore oil trading industry that could exact a heavy toll on borrowing costs as banks get burnt.
ASSET managers are turning to new ways to raise funds to get around travel bans, and hosting virtual due diligence sessions with investors in place of face-to-face meetings.
COUNTRIES should resist the temptation to retreat behind respective borders, even as Covid-19 has revealed how dependent - and vulnerable - countries are on global supply chains, said Ravi Menon, managing director of the Monetary Authority of Singapore (MAS) on Monday.
