FILE PHOTO: Delta Air Lines passenger planes are seen parked due to flight reductions made to slow the spread of coronavirus disease (COVID-19), at Birmingham-Shuttlesworth International Airport in Birmingham, Alabama, U.S. March 25, 2020. REUTERS/Elijah Nouvelage October 1, 2020 By Tracy Rucinski and David Shepardson CHICAGO/WASHINGTON (Reuters) – American Airlines […]
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Japan business sentiment perks up as hit from pandemic begins to ease
FILE PHOTO: An employee wearing a protective face mask and face guard works on the automobile assembly line as the maker ramps up car production with new security and health measures as a step to resume full operations, during the outbreak of the coronavirus disease (COVID-19), at Kawasaki factory of […]
Japan ruling party heavyweight says to consider ‘large-scale, bold’ spending package – Nikkei
October 1, 2020 By Leika Kihara TOKYO (Reuters) – Japan will consider compiling a “large-scale, bold” additional fiscal stimulus package to cushion the economic blow from the coronavirus pandemic, ruling party heavyweight Toshihiro Nikai was quoted as saying by the Nikkei newspaper. Nikai, the ruling Liberal Democratic Party’s secretary-general, said […]
Global housing markets face tougher year in 2021 – Reuters poll
October 1, 2020 By Shrutee Sarkar and Rahul Karunakar BENGALURU (Reuters) – Most major housing markets won’t keep up with consumer price inflation in 2021 and are faced with multiple downside risks despite rising strongly this year amid the coronavirus pandemic and rock-bottom interest rates, Reuters polls showed. Over 1 […]
Asian shares set for bouncy session after Wall Street gains, weak dollar
October 1, 2020 By Katanga Johnson WASHINGTON (Reuters) – Asian equities were poised for a bouncy session on Thursday after U.S. stocks posted a second consecutive quarter of gains and safe-haven assets, including the dollar, were mixed. Global investors spent the session digesting the rising number of COVID-19 cases and […]
Goldman Sachs to go ahead with ‘modest’ job cuts after coronavirus pause
FILE PHOTO: The Goldman Sachs company logo is seen in on the floor the New York Stock Exchange in New York, U.S., April 17, 2018. REUTERS/Brendan McDermid September 30, 2020 (Reuters) – Goldman Sachs Group Inc <GS.N> plans to move forward with “a modest number of layoffs”, a company spokesperson […]
Mnuchin reports movement on COVID-19 relief as House heads toward vote
FILE PHOTO: U.S. House Speaker Nancy Pelosi (D-CA) speaks during a news conference on Capitol Hill in Washington, U.S., September 18, 2020. REUTERS/Al Drago September 30, 2020 By David Lawder and Susan Cornwell WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin on Wednesday said talks with House Speaker Nancy Pelosi […]
Fed’s Daly says U.S. economy needs more fiscal support: CNBC
September 30, 2020 (Reuters) – A top U.S. central banker on Wednesday again urged more fiscal support from Congress to help heal the economy even as Senate Majority Leader Mitch McConnell said Republicans and Democrats were still “very very far apart” on how much to spend. “We need fiscal agents […]
Biden warns that Americans will ‘not stand for’ Trump refusing to leave office
U.S. President Donald Trump and Democratic presidential nominee Joe Biden participate in their first 2020 presidential campaign debate held on the campus of the Cleveland Clinic at Case Western Reserve University in Cleveland, Ohio, U.S., September 29, 2020. Morry Gash/Pool via REUTERS September 30, 2020 By Jarrett Renshaw and Alexandra […]
Exclusive: Marathon Petroleum cutting at least 6% of refinery staff at nine U.S. plants
FILE PHOTO: A Marathon Petroleum banner covers an Andeavor sign outside the El Paso refinery Texas, U.S., October 1, 2018. REUTERS/Julio-Cesar Chavez September 30, 2020 By Erwin Seba HOUSTON (Reuters) – Marathon Petroleum Corp’s <MPC.N> oil-refining unit is cutting at least 6% of its staff, according to people familiar with […]