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US stocks rise after Trump sticks to script on China

Yakob Peterseil and Vildana HajricMay 30, 2020 – 6.27amNew York | US stocks erased losses and closed mostly higher after President Donald Trump stopped short of implementing draconian economic restrictions against China even as he blasted the country for its actions on the pandemic and in Hong Kong.The S&P 500 ended May on an up…



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America to borrow $US3 trillion as virus explodes Trump’s budget

May 5, 2020 – 5.57amWashington | Here comes Washington’s debt tsunami.US government says it plans to borrow a record $US2.999 trillion ($4.66 trillion) in the three months through June, topping that off with an additional $US677 billion in the subsequent quarter.Treasury Secretary Steven Mnuchin is tapping US and global debt markets like never before.The June…


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Jerome Powell eyes future ‘shrouded in uncertainty’

“It may well be the case that the economy will need more support from all of us if the recovery is to be a robust one,” Mr Powell said.While Mr Powell avoided making any specific predictions about how high the US jobless rate would go, he said economic data for the second quarter will be…


Via https://newsapi.org  online business  online marketing  online business opportunities Facebook invests $5.7B in Indian mobile carrier Reliance Jio to bring small businesses online

Via https://newsapi.org online business online marketing online business opportunities Facebook invests $5.7B in Indian mobile carrier Reliance Jio to bring small businesses online

Facebook today announced that it’s investing ₹43,574 crores ($5.67 billion) into India’s biggest carrier, Reliance Jio, to pick up a 9.99% stake in the company. It’s the social network’s biggest investment in the country to date. Last month, Financial Times reported that the social networking giant was in talks with Jio to make an investment. However,…


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Failed Virgin tapped frequent flyer trust for loan

Apr 25, 2020 – 12.00amThe trust set up to protect Velocity Frequent Flyer members lent up to $200 million to Virgin Australia, positioning the company as a creditor to the failed airline and raising questions about how much cash is actually backing the loyalty scheme’s points.Concerns about the cash backing for the loyalty scheme’s 10…


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ASX to fall sharply; Peter King named as Westpac CEO

LiveUpdated Apr 2, 2020 – 8.30am, first published at 8.11am6 mins ago – 8.30amUS jobless claims to reset record highTimothy MooreThe key piece of data on the state of the US economy at the moment is the number of people who are seeking financial help from the government after losing their jobs.Jobless claims data is…


Fed slashes interest rates to near zero

Fed slashes interest rates to near zero

Mar 16, 2020 – 8.11amWashington | The US Federal Reserve cut interest rates for the second time in less than two weeks on Sunday (Monday AEDT) in another emergency move to help shore up the US economy amid the rapidly escalating global coronavirus pandemic.In a statement, the central bank said it was cutting rates by…


Via https://newsapi.org  online business  online marketing  online business opportunities VersaBank Reports Continued Strong Financial Results for the First Quarter 2020, With 15% Growth in eCommerce Portfolio From a Year Ago

Via https://newsapi.org online business online marketing online business opportunities VersaBank Reports Continued Strong Financial Results for the First Quarter 2020, With 15% Growth in eCommerce Portfolio From a Year Ago

LONDON, Ontario–(BUSINESS WIRE)–All amounts are unaudited and in Canadian dollars and are based on financial statements prepared in compliance with International Accounting Standard 34 Interim Financial Reporting, unless otherwise noted. Our first quarter 2020 (“Q1 2020”) unaudited Interim Consolidated Financial Statements for the period ended January 31, 2020 and Management’s Discussion and Analysis, are available…


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Morrison to speak on virus response

LiveUpdated Mar 10, 2020 — 8.30am, first published at 7.56am5 mins ago – 8.30amWe’re off!The Summit opens with introductory remarks by editor-in-chief Michael Stutchbury and BHP chairman Ken MacKenzie. Mr Stutchbury urges Australian business and government to take action to emerge on the other side of the coronavirus outbreak in a stronger position than before.That…