Finance

by | June 05, 2020 | 22:08

The numbers ratify recent data high-frequency data, which had signaled a recovery is underway, with job postings increasing and more Canadians reporting an increase in work at the end of May. Economists polled by Reuters had forecast the jobless rate jumping to 19.8 per cent in May from 14.7 per cent in April. The unemployment rate for May would have been 19.6 per cent had the report counted among the unemployed those who stopped looking for work - largely unchanged since April.

by | June 05, 2020 | 21:35

Floyd's death last week after a fatal encounter with a police officer has led to nationwide protests. The move was criticized by retired Marine Gen. James Mattis, Trump's first defense secretary, who said Wednesday that Trump is actively trying to divide the country and urged Americans to unite without him.

by | June 05, 2020 | 20:19

Despite being projected to decline by 8.3 million by some economists, non-farm payrolls actually increased by 2.5 million in May, a record turnaround after two of the most catastrophic unemployment months ever caused by COVID-19-related economic shutdowns.

by | June 05, 2020 | 17:08

Yet economists saw pockets of disappointment after the total number of people getting benefits rose slightly. As of writing, the S&P 500 was down 0.3% on the day while the Dow Jones Industrial Average and the Nasdaq Composite were both losing around 0.2%.

by | June 05, 2020 | 16:54

Norilsk , the city where the spill took place, is one of the most polluted cities in the world due to the operations of Nornickel - the world's leading nickel and palladium producer, and the owners of the power plant that caused the oil spill .

by | June 05, 2020 | 14:27

The economy contracted by 0.3% in the first three months of the year from the previous quarter, with on-year growth at 1.4%, the Australian Bureau of Statistics said Wednesday. "We now expect the peak-to-trough fall in GDP to be significantly less than 10 percent". Weak household consumption was a major factor behind the decline, as millions have lost their jobs.

by | June 05, 2020 | 11:14

The coronavirus program provides forgivable loans to help small businesses make their payrolls during the COVID-19 crisis. That includes businesses returning money amid concerns they won't be able to spend it during the eight-week forgiveness period, as well SBA promising to audit loans to ensure borrowers properly certified they were "necessary".

by | June 05, 2020 | 09:58

They climbed as much as 23% from the offering price, to $30.85. Warner Music had planned to price the IPO on Tuesday, but postponed by one day to mark #BlackOutTuesday, a social media event to show support for racial justice. Warner Music now supports artists like Bruno Mars, Katy Perry and Twenty-One Pilots, and it maintains distribution deals with Apple, YouTube and Tencent.

by | June 05, 2020 | 08:29

Britain's chief negotiator David Frost has warned European Union chief Brexit negotiator Michel Barnier that the speed of trade deal talks this week needs to increase. "Remember, this is the man who swore blind they would never reopen the withdrawal agreement, and certainly never abandon the backstop, and then proceeded to do both, all in the space of three months".

by | June 05, 2020 | 07:08

But the same states have actually received at least half a million in combined claims through the program - established by the CARES Act - which is aimed at helping those typically not eligible for regular state benefits, including the self-employed and gig workers.

by | June 05, 2020 | 02:58

Among the requests: more personal protective equipment and testing, a national human resources strategy for connecting new staff to homes in need, and capital investment to build and re-develop long-term care homes. Public Health Ontario has reported 2,312 deaths attributed to the coronavirus to date, which is eight per cent of the total number of confirmed cases in the province.

by | June 05, 2020 | 00:52

Oil prices were also pressured as United States refined product inventories surged in the week, raising concerns about demand. That's because group leaders Saudi Arabia and Russian Federation have lost patience with the errant behavior of the next-biggest member, Iraq, according to people familiar with the matter.

by | June 04, 2020 | 12:22

Cornwall Council said it did not wish to make a blanket announcement about whether schools in the county would or would not reopen . Writing in the newspaper, Anne Longfield, the Children's Commissioner, said: 'Based in school buildings and running throughout the holidays, summer schools could provide activities of all kinds, meals and potentially some learning too.

by | June 04, 2020 | 10:23

The grille, with its signature geometric patterned inlay, also integrates the headlamps, a signature style found on many Hyundai cars. The 2021 Hyundai Santa Fe will continue to offer a 2.4-liter 4-cylinder engine making 185 horsepower.

by | June 04, 2020 | 10:20

A national dwelling price cap of $750,000 will apply for new home builds, and a renovation price range of $150,000 up to $750,000 will apply to renovating an existing home with a current value of no more than $1.5 million. "It is also employing hundreds of thousands of people, including sparkies and plumbers and carpenters, people that we want to put back to work, to get them off the income supports that they have been getting through the crisis", he told ABC's News Breakfast.

by | June 04, 2020 | 08:54

The definition of a recession is two consecutive quarters of the negative growth, a requirement that is certain to be met in the June quarter which will include the economy wide shutdowns ordered to save lives and protect the community from Covid-19.

by | June 04, 2020 | 08:37

Oil had earlier dropped after Bloomberg reported the Thursday meeting was in doubt. Saudi Arabia and Russian Federation have a deal to extend the cuts, but a meeting on Thursday rather than later in June might not happen, sources said. Official data will be released on Wednesday. Additionally, citing two OPEC+ sources, Reuters said that Saudi Arabia, Iraq, Kuwait and the United Arab Emirates were not planning to extend the deeper voluntary oil output cuts beyond June.

by | June 04, 2020 | 06:26

Bezos is not the first high-profile investor to be interested in Beacon. As the world's richest man, he is now worth around $147bn. The business was founded by two former Uber executives - Fraser Robinson who led Uber's operations in Europe, the Middle East and Asia, and Dmitri Izmailov, formerly Uber's general manager in Russian Federation.

by | June 03, 2020 | 22:24

There were no new community outbreaks Monday. Henry said these outbreaks were "very small" and detected early. Numerous attendees were wearing masks, but health officials said Monday people should keep an eye out for possible COVID-19 symptoms for the next two weeks.

by | June 03, 2020 | 16:23

About 350,000 people in Hong Kong now hold British National (Overseas) passports, which allow visa-free access to Britain for up to six months. A further 2.6m eligible for BNO status - which normally confers the right to visit the United Kingdom for six months visa-free - could get the additional rights if they apply.

by | June 03, 2020 | 12:59

The Composite PMI Output Index, which measures combined services and manufacturing output, also signalled a further severe contraction in private sector business activity during May. Japan's factory activity shrank at the fastest pace since 2009 in May, a separate survey showed, while South Korean manufacturing slumped at the sharpest pace in more than a decade.

by | June 03, 2020 | 07:40

Furthermore, it kept the outlook as negative. According to Moody's, the ratings of TCS and Infosys are constrained to no more than two notches above the sovereign rating. The long-term local currency bond and bank deposit ceilings were lowered to A2 from A1", the agency added. "So, the positive message that I would take out of this constructively is not as much as rating downgrade or even the negative bias but what do we do to get trend growth back to a better level", he said.

by | June 02, 2020 | 16:07

Iranian Foreign Ministry spokesman Abbas Mousavi has signaled Tehran's readiness to go ahead with its oil shipments to Venezuela if Caracas needs more such supplies. Iran's President Hassan Rouhani warned the USA that Tehran would retaliate if its tankers face troubles. The Refinitiv Eikon analytical company said on May 31 that the first two tankers have started their return journey.

by | June 02, 2020 | 15:22

Data from industry group API showed U.S. crude stocks rose by 8.7 million barrels in the week to 22 May, compared with analysts' expectations for a draw of 1.9 million barrels. "It has been four weeks of gains and the market needs to buy time for downstream prices to catch up", OCBC economist Howie Lee said. The market was buoyed by comments from Russian Federation reporting its oil output had almost dropped to its target of 8.5 million barrels per day (bpd) for May and June under its supply ...

by | June 02, 2020 | 10:50

National Guard troops were deployed over the weekend in 15 states and Washington, D.C.in an attempt to quell a sixth night of violence that began with peaceful protests over the death of a black man, George Floyd, in police custody. "China tensions seriously and you add on to that the massive amount of disruption going on in nearly every major city in the country right now, none of that could be seen as market positive".