Category: Economy

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Singapore finance minister unveils $5.8 billion worth of virus support measures

Singapore finance minister unveils $5.8 billion worth of virus support measures

SINGAPORE (Reuters) - Singapore’s finance minister on Monday unveiled more economic support measures worth about S$8 billion ($5.8 billion) to cushion [...]
Britain’s banks brace for $22 billion loan losses as outlook darkens

Britain’s banks brace for $22 billion loan losses as outlook darkens

LONDON (Reuters) - Britain’s banks took a gloomier view than almost all their European peers in their second quarter earnings, as coronavirus fears, B [...]
Wall St. set to dip as U.S.-China tensions heat up over TikTok

Wall St. set to dip as U.S.-China tensions heat up over TikTok

(Reuters) - Wall Street was set to pull back on Tuesday as President Donald Trump’s moves to force China-owned TikTok into a sale of its U.S. operatio [...]
Top 5 Things to Know in the Market on Tuesday, August 4th

Top 5 Things to Know in the Market on Tuesday, August 4th

By Peter Nurse Investing.com -- Rhetoric surrounding the potential purchase of TikTok has become heated with President Trump claiming the U.S. go [...]
BP halves dividend after record loss, speeds up reinvention

BP halves dividend after record loss, speeds up reinvention

LONDON (Reuters) - BP (BP.L) cut its dividend for the first time in a decade after a record $6.7 billion (5.13 billion pounds) second-quarter loss, wh [...]
World shares hit five-month high; European shares, dollar falter

World shares hit five-month high; European shares, dollar falter

LONDON (Reuters) - European shares fell after opening higher, following a mixed bag of earnings results, while the dollar’s rebound stalled as investo [...]
Russia scraps plans to avoid double taxation with Cyprus: ministry

Russia scraps plans to avoid double taxation with Cyprus: ministry

MOSCOW (Reuters) - Russia's Finance Ministry said on Monday it was scrapping a proposal to avoid double taxation with Cyprus. The Mediterranean isl [...]
UK proposes redemption breathing space for property funds

UK proposes redemption breathing space for property funds

LONDON (Reuters) - Investors in property funds should wait up to 180 days before they can get their money back, Britain's Financial Conduct Authority [...]
Europe cushions workforce as U.S. lifeline runs threadbare

Europe cushions workforce as U.S. lifeline runs threadbare

By Tom Sims and Norma Galeana FRANKFURT/LOS ANGELES (Reuters) - - While millions of U.S. workers thrown into unemployment by the coronavirus pandem [...]
China will make monetary policy more flexible, targeted in second half: central bank

China will make monetary policy more flexible, targeted in second half: central bank

BEIJING (Reuters) - China's monetary policy will be more flexible and targeted in the second half of the year, the central bank said on Monday. Chi [...]
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