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Ex-US ambassador quits Singapore firm linked to Newcastle United bidders
SINGAPORE: The former U.S. ambassador to Singapore said he had resigned from the board of a firm in the city-state linked to a group bidding for English soccer club Newcastle United citing "recent revelations" about the group.
Insight - Trump’s Goodyear rant is a sign of desperation
Boycotting Goodyear? As the Economist’s Jon Fasman put it: “Goodyear is an Akron-based company that employs 64,000 people. “Urging a boycott seems an odd strategy for someone who wants to win Ohio.”
Ex-US treasury secretary warns economy in grave danger if stimulus lapses
WASHINGTON: Former US treasury secretary Larry Summers said he’s never seen a more uncertain recovery, especially if Congress doesn’t act “strongly and quickly” to continue economic stimulus to offset the coronavirus pandemic.
Wall Street ends lower on COVID-19 worries
NEW YORK: The S&P 500 dropped on Thursday, pulled lower by Microsoft Corp and Apple Inc, as elevated levels of unemployment claims heightened concerns about the economic toll from rising coronavirus cases.
US pandemic aid programme saved 51mil jobs, but wealthy and connected also benefited
WASHINGTON: A high-profile pandemic aid program protected about 51.1 million American jobs, the Trump administration said on Monday, as it revealed how US$521.4 billion in taxpayer cash was injected into small businesses but also into the pockets of the rich and famous
Trump overtakes Obama in stock market gains
NEW YORK: U.S. President Donald Trump is once again beating predecessor Barack Obama in stock market performance following a stunning recovery on Wall Street.
Branson turns to his Caribbean island for help
LONDON: Necker Island has been Sir Richard Branson’s personal fiefdom for 40 years. But as his Virgin-branded businesses are battered by the coronavirus crisis, the billionaire is turning to his Caribbean hideaway for cash.
Morgan Stanley in biggest acquisition by Wall St, bank in 12 years
NEW YORK: Morgan Stanley said on Thursday it would buy discount brokerage E*Trade Financial Corp in a stock deal worth about $13 billion, the biggest acquisition by a Wall Street bank since the 2008-2009 financial crisis.
