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WASHINGTON: The Federal Reserve will likely reduce its monthly purchases of mortgage-backed securities and Treasuries simultaneously when it is time to pare back its support for the U.S. economy, though policymakers are debating whether to wind down the buying of MBS at a faster pace, Fed Chair Jerome Powell said on Wednesday.
MANILA (Philippine Daily Inquirer/ANN): Business leaders on Wednesday (July 28) supported a proposal to impose a two-week hard lockdown in Metro Manila by August in the face of high risks posed by the Covid-19 Delta variant, adding that the “ghost month” is the best time to do it.
LONDON: Barclays will pay out more than a billion dollars in dividends and buybacks to shareholders after beating first-half profit forecasts on strong investment banking fees and the release of cash set aside to cover bad loan charges.
WITH the third lockdown due to the surge of Covid-19 infections further lengthening the time we spend at home, turning our residences into multi-functional spaces, some have noticed a rise in energy consumption.
Markets having second thoughts about 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.
Twitter's take on ephemeral media, copying Facebook and Instagram's Stories, is being cut short after the company noticed fleets were not getting more users to use the service.
THE size of the United States Federal Reserve (Fed) (pic) balance sheet is back on the radar of investors as it recently hit a new milestone – the US$8 trillion (RM33 trillion) mark.
PETALING JAYA: As anxiety mounts over the possibility of the enhanced movement control order imposed on most of Selangor and parts of Kuala Lumpur being extended, business owners want the government to restrategise its present approach and provide more financial aid to small and medium enterprises (SMEs) nationwide.
Asian stock markets rose Monday after Wall Street hit a high despite jitters about the spread of the coronavirus's delta variant, as investors looked ahead to US earnings reports.