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Pelosi opens door to virus aid in spending plan
WASHINGTON: House Speaker Nancy Pelosi (pic) said there’s an “opportunity” to add federal coronavirus relief aid to a package of legislation funding the government as a February deadline looms.
US House passes bill to speed passage of debt limit increase
WASHINGTON: The U.S. House of Representatives late on Tuesday approved a measure allowing Congress to fast-track legislation raising the federal government's debt limit and stave off a potential unprecedented default.
BoE’s credibility takes a hit
IT is one thing to keep the markets guessing, it’s quite another to send them astray. Perhaps attempting to do the first, the Bank of England (BoE) squarely ended up doing the latter.
EPF to rebuild members’ retirement savings
KUALA LUMPUR: Following the special withdrawal facilities due to the Covid-19 pandemic, the Employees Provident Fund (EPF) is now focused on assisting members to rebuild their savings for their retirement future.
China presses US to cancel tariffs in test of bilateral engagement
WASHINGTON: China said on Saturday it pressed the United States to eliminate tariffs in talks between the countries' top trade officials that Washington saw as a test of bilateral engagement between the world's biggest economies.
Scope Industries busy meeting higher orders
LOW-PROFILE Scope Industries Bhd has quietly made a turnaround, and without much fanfare, its revenue skyrocketed to an all-time-high in the financial year ended June 30, 2021 (FY21).
Keep going, there are opportunities in the market
Investment analyst on how he weathered uncertainties
Central bank head backed despite inflation worries
BRASILIA: President Jair Bolsonaro is growing uneasy about Brazil’s inflation in the run-up to general elections next year, but his complaints about rising prices don’t mean he plans to interfere with the central bank, according to five people close to him including cabinet members.
US$1 trillion US infrastructure bill inches ahead with Senate votes
WASHINGTON: The U.S. Senate on Sunday took two more steps toward passing a US$1 trillion bipartisan infrastructure bill by blessing the details of the largest U.S. investment in roads and bridges in decades and by moving to limit debate on the overall measure.
Wall Street closes higher, Treasury yields rebound
NEW YORK:Wall Street notched a comeback on Tuesday with all the major indexes closing higher, and yields on safe-haven U.S. Treasuries bouncing off lows as investors sought riskier assets even as worries remained about a resurgence in COVID-19.
