Monday, September 21, 2015

Global Business


CHINESE banks are rushing to boost capital as they prepare for a potential spike in bad loans due to

US inflation seen easing in July, lending Biden a reprieve

 US inflation is expected to have eased slightly in July, taking pressure

China lockdown worries hit Asian equity, crude markets

Asian markets and oil prices mostly fell Monday with a fresh Covid

'Satan Shoes' to be recalled as Nike settles case

Nike says the art collective which made "Satan Shoes" that purportedly contain a drop

US agencies, companies secure networks after huge hack

US government agencies and private companies rushed Monday to secure their computer networks following the disclosure of a sophisticated

UK jobless rate rises again, redundancies hit record high

Britain's jobless rate rose again in the three months to October and redundancies reached a record high as companies

Australia says China coal ban would be clear WTO breach

Australia on Tuesday decried China's reported ban on its coal exports as an obvious breach of World Trade Organisation

EU sees 'narrow path' to Brexit deal after deadline ditched

Chief EU negotiator Michel Barnier on Monday signalled there was a "narrow path" to a post-Brexit trade deal with

'Natural disasters cost insurance industry $76 billion in 2020'

Natural disasters like wildfires which devastated parts of the United States and a record number of hurricanes in the

New Jersey partners with Morgan Stanley to attract diverse entrepreneurs

The New Jersey Economic Development Authority (NJEDA) on Tuesday said it has tapped Morgan Stanley's Multicultural Innovation Lab as

Lawmakers push bipartisan US stimulus plan to break deadlock

US lawmakers on Monday introduced a pair of stimulus proposals costing $908 billion that have the support of Democratic

Iran warns US against disrupting oil shipments to Venezuela

Iran’s foreign minister on Sunday warned the US against

Oil-hungry Asian nations pounce on low prices to build stockpiles

Some oil-hungry Asian nations are taking advantage of the

Samsung fears fall in profit as pandemic hits sales

Samsung Electronics Co on Wednesday said its operating profit

Europe weighs a half-trillion euro plan to stem coronavirus

It's crunch time for the European Union (EU) as it strives to stem a virus-led downturn that could eclipse

India stocks rally on hints of pandemic easing

India markets rallied on Tuesday, mirroring an easing up in wider investor sentiment in line with the coronavirus pandemic

Ten non-OPEC+ producers invited to Thursday talks

Ten oil producing nations from outside the OPEC+ alliance including the United States have been invited to a meeting

China knocks US from top spot in global patent race

China was the biggest source of applications for international patents in the world last year, pushing the United States

Japan comes out with $994b stimulus to ease virus worries

Japan has announced a record 108.2 trillion yen ($994b) stimulus package to shield the economy from the coronvirus' widening

US economy will eventually reopen

The Trump administration is aiming to reopen the U.S. economy when the nation's top health experts give the go-ahead,

'Millions of aviation jobs at risk'

Global airlines said 25 million jobs across the world could be at risk from the coronavirus travel downturn, as

Oil falls after Saudi Arabia, Russia delay meeting

Oil prices fell on Monday after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could

Governors plead for food stamp flexibility amid pandemic

Yvonne Knight, who has respiratory problems that make her especially vulnerable in the coronavirus pandemic, can't buy groceries online

All firms to get 75% wage subsidy for local employees

Firms in all sectors will have 75 per cent of their local employees' wages subsidised for the month of

Dimon rule out suspending 2020 dividend due to COVID-19

JPMorgan Chase & Co (JPM.N) could consider suspending dividend for 2020 due to the ongoing coronavirus crisis, Chief Executive

Coronavirus patients rush to join studies of Gilead drug

The new coronavirus made Dr. Jag Singh a patient at his own hospital. His alarm grew as he

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