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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.
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.”
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.
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.
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
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.
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.
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.