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THE pandemic relief deal that Congress struck this week is long overdue. Unfortunately, the package includes a provision that threatens to make this and future crises worse – by limiting the emergency powers of the Federal Reserve.
SINGAPORE: Mainboard-listed luxury watch retailer Cortina Holdings has proposed to acquire privately-held Sincere Watch for S$84.5mil (US$62.5mil) in cash, it said in an exchange filing early Tuesday morning
New Zealand's Laybuy is listing in Australia on Monday at a time when the buy-now-pay-later sector is being propelled by an online shopping boom sparked by COVID-19, forging one of the hottest investor spaces during the pandemic.
TOKYO: Rating agency Fitch on Wednesday revised its outlook on Japan's long-term foreign currency debt rating to negative from stable, citing the sharp Covid-19 coronavirus-induced domestic economic contraction.
ROME: The European Union (EU) has successfully circled the wagons with its landmark agreement for €750bil (US$859bil) of grants and loans for those countries requiring pandemic support.
AS countries around the world scramble to enact various forms of expansionary fiscal and monetary policies to alleviate the shock from Covid-19, a key concern arises among economists: can countries afford to pay for these policies?
WASHINGTON: The U.S. Federal Reserve bought US$428 million in bonds of individual companies through mid-June, making investments in household names like Walmart and AT&T as well as in major oil firms, tobacco giant Philip Morris International Inc, and a utility subsidiary of billionaire Warren Buffett's Berkshire Hathaway holding company.
KUALA LUMPUR: Bursa Malaysia fell in early Thursday trade as investor confidence was impacted by the weaker overnight close on Wall Street following worries about fresh Covid-19 coronavirus cases but glove makers were among the top gainers again.
LONDON: England’s Premier League, the world’s wealthiest soccer competition, returns today and organisers are trying everything to claw back viewers and mend the damage from coronavirus