Finance

by | May 22, 2020 | 10:59

As a result of this moratorium, individuals' EMI repayments of loans taken were not deducted from their bank accounts, providing much-needed liquidity. Among other regulatory measures, RBI has hiked the group exposure limit for banks to 30 percent from 25 percent. The RBI had set the 25 per cent limit in June 2019 and had capped lenders' exposure to a single party at 20 per cent.

by | May 22, 2020 | 08:21

Global fast food giant McDonald's has begun its reopening plans for its Irish outlets as of today, Wednesday, May 20, with the opening of the first six of its restaurant "drive-thrus" as of this morning. Our service will not be as quick as you might be used to, as we adjust to smaller teams and social distancing in our kitchens. The Cardinal Park restaurant is also offering McDelivery alongside drive-thru service.

by | May 22, 2020 | 04:13

The Labor Department reported Thursday that 2.44 million Americans filed for first-time benefits in the week that ended May 16, bringing the total to some 38.6 million workers in the nine weeks since the coronavirus-induced lockdown has closed large parts of the US economy.

by | May 22, 2020 | 03:40

As with any acquisition Walmart makes, the retail giant gathers up the lead talent, and in the Jet.com case, signs them to a contract for enough time to accomplish Walmart's goals. ModCloth was sold in October 2019 and Walmart was also reportedly shopping the upscale men's apparel business of Bonobos. For comparison, February comp sales grew by 3.8%.

by | May 22, 2020 | 01:25

HHS said a new facility will be built in Virginia as part of the effort to enhance the USA supply chain of essential medicines. The deal can be extended for up to a total of $812 million over a total of 10 years, officials said. It said it has already delivered over 1.6 million doses of five essential generic medicines to treat COVID-19 patients to the U.S. Strategic National Stockpile.

by | May 21, 2020 | 23:58

To which Garrett responds: "And I'm not doing it because I woke up in a free country". A Costco employee did not hesitate in kicking a defiant customer out of the store after navigating the store without a protective mask. Realizing his error, the customer quickly suggested that his partner ― who was wearing a mask ― take his card to pay for the goods while he leaves the store.

by | May 21, 2020 | 19:10

A forensic investigation found that the names, email addresses and travel details of approximately 9 million customers were accessed. " We would like to apologise to those customers who have been affected by this incident ", Lundgren said .

by | May 21, 2020 | 18:57

Another 2.43 million United States workers were put out of work last week amid the coronavirus pandemic, according to government data Thursday, bringing the total since mid-March to a massive 38.6 million. The department continues to receive tens of thousands of customers per week responding to one or more certification questions in a way that makes their claim ineligible for benefits under federal law.

by | May 21, 2020 | 18:38

Communication services companies and banks also helped drive the market higher. In Europe markets traded higher, as Britain's FTSE-100 rose 0.48%, while France's CAC-40 edged up 0.03% and Germany's DAX gained 0.52%. Wall Street is hoping that the reopening of businesses and the relaxation of stay-at-home mandates continue without any major setbacks, paving the way for corporate profits to bounce back.

by | May 21, 2020 | 18:22

They are also required to download the baggage tag for their check-in luggage, which is restricted to a maximum of one bag and handbag. Watch this video to know more. Trolleys would, however, be allowed to select few in need on request basis. Security check counters would be covered by plexiglass. The airport will also appoint queue managers to ensure six feet distance between travellers, reported Quartz India.

by | May 21, 2020 | 17:41

Since mid-April, the Treasury Department has so far delivered stimulus payments totaling $239 billion to Americans via direct deposit, Direct Express card accounts, or check. It said the card is sponsored by the Treasury Department's Bureau of the Fiscal Service and managed by Money Network Financial, LLC. Debit cards are America's favorite way to pay for things, used for 28% of all payments, according to a Federal Reserve study released in December.

by | May 21, 2020 | 09:52

Highlighting the worst unemployment rates since the Great Depression of the 1930s, now driving the economic downturn, Mnuchin said it is essential to reopen the American economy. We're bailing out capital, investors, and executives. "And there are scenarios where the world gets better, and we could actually make a small amount of money".

by | May 21, 2020 | 03:37

But in the same breath he accused China of playing cheap politics over the issue. "This is an unsourced claim for Chinese authorities to respond to", he told AAP. Adding that Chinese officials have compiled a list of potential goods to target by implementing stricter quality checks, anti-dumping probes or tariffs, or even resorting to state media usage in order to encourage consumer boycotts against Australian products.

by | May 20, 2020 | 23:42

The new regime is said to be less complex than the European Union system. A potential trade agreement with Brussels could be reduced or scrapped entirely before the transition period ends, but it's understood that progress on negotiations are slow.

by | May 20, 2020 | 23:38

Rolls-Royce employs 52,000 people globally and Mr East told the BBC's Today programme the company had not yet concluded on "exactly" where the job losses would be, due to having to consult with unions. "Being told that there is no longer a job for you is a awful prospect", East added on Wednesday. Paul Everitt, chief executive of United Kingdom aerospace trade body ADS, meanwhile said that Britain´s government needed to take "urgent action" to "minimise the impact on jobs and manufacturing ...

by | May 20, 2020 | 23:08

The SBA has promised to release more guidance to borrowers and lenders soon. But SBA leaders said they want eligible businesses to receive total forgiveness. There is no penalty for a reduction in staffing or salary for an employee if the borrower made a good-faith, written offer to rehire the employee during the eight-week period, or if the employee was sacked for cause, voluntarily resigned, or voluntarily requested a reduction of hours.

by | May 20, 2020 | 21:51

There were far higher trading volumes in the July contract, which advanced around 2%. Also supporting oil prices are production cuts by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russian Federation, a grouping known as OPEC+.

by | May 20, 2020 | 16:46

Data published by the Office for National Statistics (ONS) on Tuesday revealed that the number of people claiming unemployment benefits in April - the first full month of the Covid-19 lockdown - soared by 856,500 to 2.097 million. But Work and Pensions Secretary Therese Coffey said the situation would be worse if it was not for the government's Job Retention Scheme. Growth in pay slowed but employment expanded by a much stronger-than-expected 211,000.

by | May 20, 2020 | 14:44

Mnuchin said that under some scenarios the Treasury could lose some or all of that $75 billion. Steve Mnuchin and Fed Chair Jerome Powell underwent a joint performance review . "Senator Warren, I think that's a very unfair characterization, and these issues were discussed with both Republicans and Democrats at the time, you were not necessarily part of those discussions but these were completely discussed", Mnuchin said.

by | May 20, 2020 | 12:27

J&J said it would continue to sell cornstarch-based baby powder in North America, and that it would sell both its talc-and cornstarch-based products in other markets around the world . Concerns have also been raised about the health impacts of talc itself. "From at least 1971 to the early 2000s, the company's raw talc and finished powders sometimes tested positive for small amounts of asbestos, and that company executives, mine managers, scientists, doctors and lawyers fretted over the ...

by | May 20, 2020 | 10:36

But officials played down fears Canberra was headed for a trade war with its biggest export market, saying there would be no "tit-for-tat" response to the Chinese action. Nationals senator Matt Canavan, a former resources minister, said those comments were clearly provocative but hardly surprising. Australia's farming preacher, David Littleproud, claimed the federal government would certainly push Chinese authorities to terminate the tolls, as the World Trade Organization's procedures needed ...

by | May 20, 2020 | 10:27

The government of Thailand is allowing national flag carrier Thai Airways International to restructure under the supervision of the local bankruptcy court. When the Court approves the application for restructuring, it gives the debtor protection by declaring an automatic stay which restricts the ability of creditors to take action against the company to recover any sums owed to them.

by | May 20, 2020 | 09:52

The interim data revealed by Moderna reports no serious adverse effects from the vaccine, across all dose cohorts. Moderna tested three different vaccine dosages across 45 study participants, and all of them have developed neutralizing antibodies .

by | May 20, 2020 | 09:41

Huawei stated the latest USA ban would not only affect its own business in over 170 countries, where it has spent "hundreds of billions of dollars", but also the wider ecosystem around the world. and China, whose relationship has soured in recent months over the origins of the deadly coronavirus. FILE PHOTO: A Huawei company logo at Shenzhen International Airport in Shenzhen, Guangdong province, China, July 22, 2019.

by | May 19, 2020 | 12:43

As part of the expense reductions, Uber will close or consolidate around 40 offices worldwide, including its Pier 70 location in San Francisco. Yesterday boss Dara Khosrowshahi said the firm had taken the "incredibly hard decision" to axe the jobs, days after he previously said 3,700 roles would be cut.