A delivery person for Doordash rides his bike in the rain during the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, New York, U.S., November 13, 2020. REUTERS/Carlo Allegri November 13, 2020 By Anirban Sen and Joshua Franklin (Reuters) – DoorDash Inc showed a surge in […]
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Early vaccine could limit some ratings damage: S&P Global
November 13, 2020 By Marc Jones LONDON (Reuters) – An early coronavirus vaccine could limit some of the damage country and company credit ratings are facing, S&P Global said on Friday, although more progress is needed before the downgrade warning levels can be lowered. S&P has made over 2,000 downgrades […]
Golf: Johnson grabs share of Masters lead with first round completed
Golf – The Masters – Augusta National Golf Club – Augusta, Georgia, U.S. – November 13, 2020. Dustin Johnson of the U.S. after making a birdie on the 18th green during the first round. REUTERS/Mike Segar November 13, 2020 By Andrew Both AUGUSTA, Ga. (Reuters) – Dustin Johnson steadied the […]
Bullard: ‘Household level’ virus spread may require new ‘education initiative’
FILE PHOTO: James Bullard, President of the Federal Reserve Bank of St. Louis, leaves the three-day “Challenges for Monetary Policy” conference in Jackson Hole, Wyoming, U.S., August 23, 2019. REUTERS/Jonathan Crosby November 13, 2020 By Howard Schneider and Jonnelle Marte WASHINGTON (Reuters) – For St. Louis Fed President James Bullard, […]
BoE’s Cunliffe: Not our job to protect banks against digital currencies
November 13, 2020 By David Milliken and Tom Wilson LONDON (Reuters) – Bank of England Deputy Governor Jon Cunliffe said it was not his job to protect banks from the impact of future digital currencies, which could dramatically reduce households’ willingness to hold money in traditional bank accounts. “Our job […]
IMF more upbeat on Spain’s 2020 economic slump, wary on 2021 rebound
November 13, 2020 By Belén Carreño and Jesús Aguado MADRID (Reuters) – The International Monetary Fund said on Friday that Spain’s economic contraction may be less severe in 2020 than the 12.8% it predicted earlier this year thanks to a strong rebound in the third quarter after the impact of […]
G20 agrees debt framework to help poor countries hit by COVID
FILE PHOTO: Japanese Finance Minister Taro Aso attends a high-level forum on debt at the Finance ministry in Paris, France, May 7, 2019. REUTERS/Benoit Tessier November 13, 2020 By Leigh Thomas and Tetsushi Kajimoto PARIS/TOKYO (Reuters) – G20 finance ministers have agreed for the first time on a new joint […]
Global stocks flatline, bond yields slide as caution replaces vaccine euphoria
A U.S flag is seen on the New York Stock Exchange in the Manhattan borough of New York City, following the 2020 U.S. presidential election, New York, U.S., November 6, 2020. REUTERS/Carlo Allegri November 13, 2020 By Stephen Culp NEW YORK (Reuters) – Wall Street advanced and the U.S. Treasury […]
Bank of England warns insurers risk unexpected COVID losses
November 13, 2020 By Huw Jones LONDON (Reuters) – Insurers in Britain risk being optimistic in estimating losses from COVID-19 related claims and should stress test their underlying assumptions, the Bank of England said on Friday. Insurers in Britain have come under fire for failing to pay out on claims […]
Lockdown 2.0: Food companies overhauled production to put more toilet paper, pasta sauce in stores
FILE PHOTO: A woman carries toilet paper down the street on the first day of the reopening of some businesses in Los Angeles, as the global outbreak of the coronavirus disease (COVID-19) continues, in Los Angeles, California, U.S., May 8, 2020. REUTERS/Lucy Nicholson November 13, 2020 By Richa Naidu, Victoria […]