Finance

by | April 11, 2020 | 17:08

Italian Economy Minister Roberto Gualtieri expressed satisfaction on Friday after the Eurogroup reached an agreement on the EU's response to the economic quake caused by the coronavirus emergency. The 605 new deaths announced in Spain were the lowest in more than two weeks. As indicated by Dr. Deborah Brix, a member of the White House Task Force on Coronavirus, the death rate in the United States is fundamentally less than many other nations.

by | April 11, 2020 | 09:02

Louisiana Insurance Commissioner Jim Donelon approved an emergency rate reduction filing and customer rebate by Allstate Insurance and its subsidiary companies, Esurance and Encompass on Monday, April 6, 2020. The company also says it will provide free identity theft protection to Americans for the rest of the year because so many of them are now working from home, "which increases our exposure to cybercrime", the company said.

by | April 11, 2020 | 03:22

Furloughed workers in regards to the coronavirus schemes are those who are unable to work because their workplaces have been forced to close due to the viral outbreak. Employers need to give HMRC a list of furloughed employees. So employers and employees need to work together in order to work through this. Also, they can not accept or be paid for any work from another business, it is effectively like being on gardening leave.

by | April 11, 2020 | 01:38

MI U.S. Rep. Dan Kildee told media outlets in his home state the same: The first round of direct-deposit checks should come next week, followed by another round the week of April 20. Statewide-With the reported forthcoming economic impact payments (commonly referred to as stimulus checks ), there are those who will attempt to take advantage of you and the situation.

by | April 10, 2020 | 22:41

The S&P 500 has regained about 11% in the holiday-shortened week on early signs of the outbreak hitting a peak and aggressive global stimulus, but it remains about 16% below its record high as lockdown measures hamper business activity. While health experts have said people need to practice social distancing to contain the pandemic, the restrictions have strangled the USA economy, and sparked widespread production cuts, layoffs and projections of a severe recession.

by | April 10, 2020 | 16:10

Global fuel demand has plunged by around 30 million bpd, or 30% of global supplies, as steps to fight the virus have grounded planes, cut vehicle usage and curbed economic activity. Although the U.S. has not said it will mandate output reductions, it has noted that market forces are already causing producers to pull back, as it expects its output to fall by almost two million barrels per day by next year.

by | April 10, 2020 | 10:53

The finance ministers, who started talks at 1430 GMT on Tuesday that lasted all night with numerous breaks, resumptions and bilateral negotiations, are trying to agree a package of measures to help governments, companies and individuals. Centeno, who is also Portuguese finance minister, is tasked with finding a compromise in a fight that has revived the bitter acrimony that split Europe during the eurozone debt crisis a decade ago.

by | April 10, 2020 | 09:25

Powell said during a virtual address on Thursday that there is "every reason to believe that the economic rebound when it comes can be robust". Gold costs hit a seven-year prime with many buyers nonetheless final wary about the way forward for the worldwide economic system.

by | April 10, 2020 | 07:28

Workers who can't do business from home and haven't been assigned to important work onsite factories can be furloughed, with employees sustaining their healthcare advantages till manufacturing resumes, the e-mail stated. In the USA, the salary cut is 30 percent for vice presidents and above, 20 percent for directors and above, and 10 percent for others, according to an internal memo seen by Bloomberg and electric vehicle news portal Elektrek.

by | April 10, 2020 | 05:25

The province was third hardest hit after Ontario (-403,000 jobs or -5.3 per cent), Quebec (-264,000 jobs or -6.0 per cent.) Alberta followed behind B.C. He pointed out that one in five women, one in four youth (aged 15 to 24) and one in three low-wage workers making $14/hour or less either lost their jobs or saw a majority of their hours cut.

by | April 09, 2020 | 21:31

The Federal Reserve launched a series of new lending programs Thursday to pump $2.3 trillion into the damaged USA economy, but Fed Chair Jerome Powell tried to offer reassurance saying the recovery could be "robust". The Main Street Lending Program was announced by the Fed on March 23 but the central bank now says it will be able to scale up $75 billion in support from the Treasury into $600 billion in 4-year loans to companies hiring up to 10,000 workers or with revenues of less than $2.5 ...

by | April 09, 2020 | 20:05

First-time claims for jobless benefits hit 6.6 million in the week ending April 4, a slight decrease from the previous week's count of 6.9 million, which was 219,000 more than the original tally, according to the report. More than 90 percent of new unemployment applications are being filed online , which the Labor Department says is how applicants can get the "fastest, most efficient service".

by | April 09, 2020 | 19:42

Federal officials are to hold a technical briefing revealing their best and worst-case projections for the number of Canadians who are likely to get infected by the deadly virus, the number who are likely to die and how long it will take to contain it.

by | April 09, 2020 | 16:31

South Korea's Kospi sank 3.4% to 1,771.44. Accompanied by health care and retail executives, Trump announced plans to radically increase testing for the virus as the United States tries to control a public health crisis that largely shut down the economy in China and Italy.

by | April 09, 2020 | 03:24

And the reality is most of the locations will never re-open (franchise owned restaurants in North Carolina and Augusta, GA will remain open). "The funds were passed along surreptitiously, without the knowledge and prior approval of court-appointed supervising parties", Restaurant Business wrote .

by | April 08, 2020 | 21:55

Deputy Prime Minister Chrystia Freeland says House leaders from all parties are now debating the best way to bring Parliament back to debate these emergency measures and said she hopes this will happen as soon as possible. "Once the crisis passes and passenger demand increases, we look forward to returning as many employees as possible to active status as we resume normal operations".

by | April 08, 2020 | 18:26

The Senate's minority leader declared the emerging proposal the "highest priority" from Democrats as congressional leaders and President Trump call for more aid for Americans. Senate Majority Leader Mitch McConnell has said the next package must put health care at the top of the list. She also said there needs to be more aid through the Supplemental Nutrition Assistance Program, also known as food stamps.

by | April 08, 2020 | 16:36

However, thanks to the performance of the shares he owns both on Square and on Twitter , he remains a billionaire and until a year ago had not openly made plans to donate a majority of his wealth beyond the existence of the Start Small fund , which Forbes Reports is a donor-advised fund that does not have to disclose where its investments are going.

by | April 08, 2020 | 13:27

Child care will be free for parents still using it during the coronavirus crisis. Childcare centres can also get assistance under the JobKeeper program announced this week and the cash and loan schemes also available for businesses. People should not be getting in their cars and going to other places.' While speaking to the media after a National Cabinet meeting, Morrison confirmed that Australia was successful in bringing down the levels of the COVID-19 infection growth to single digit.

by | April 08, 2020 | 10:07

In Asia, Japan's Nikkei 225 rose 2%, South Korea's Kospi gained 1.8% and the Hang Seng in Hong Kong was up 2.1%. Stock markets continued a strong rally on Tuesday as early signs of a slowdown in coronavirus cases in US hot spots raised hopes that the sweeping lockdown measures were working.

by | April 07, 2020 | 20:58

Crude oil has fallen to 18-year lows, creating holes in the pocket of oil companies and producing economies. However, the researcher expressed doubts that the reported measure of cutting the world oil out by 10 million barrels per day - or 10% of the present world crude production - would help rebalance the energy market in the coming weeks amid the demand shock caused by the coronavirus pandemic .

by | April 07, 2020 | 19:24

Only people with birthdays in the first three months of the year can apply for the Canada Emergency Response Benefit on Monday, with the process opening more widely each day this week. "For people in all of these situations, we see you, we're going to be there for you, and we're working as hard as we can to get you the support you need".

by | April 07, 2020 | 11:27

Tokyo reported a record 148 new cases on Sunday, with a further 83 on Monday taking its total to over 1,000, according to public broadcaster NHK. Japan has a relatively small number of infections compared to other countries, but there are concerns a sudden surge in cases in Tokyo could lead to a major outbreak in the world's biggest city.

by | April 07, 2020 | 07:43

Abe also told reporters Monday that his government will launch a 108 trillion yen ($1 trillion) stimulus package - Japan's largest ever and almost twice as much as expected - to help counter the economic impact of the pandemic, including cash payouts to households in need and financial support to protect businesses and jobs.

by | April 07, 2020 | 05:23

He said the state of emergency will cover Tokyo , Osaka, Fukuoka and four other hard-hit prefectures, and will be in effect for about a month. "Given the state of crisis on the medical front, the government was advised to prepare to declare the state of emergency", Prime Minister Shinzo Abe told reporters.