It’s time for billionaires to use their billions to save the economy
Extraordinary times call for extraordinary measures. It’s time for the brightest in business to use the bulging billions on their balance sheets to help save […]
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UPDATE 2-Malawi president, ministers take 10% salary cut to fight coronavirus
(Adds details on package plan, quotes) BLANTYRE, April 4 (Reuters) – Malawi’s president and cabinet will take a 10% salary cut and redirect the money […]
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Okanagan restaurants battered by COVID-19: ‘These people are losing their livelihoods’
On any given day in the last week, business at The Table Café at Codfathers Market in Kelowna has been down between 40 and 70 […]
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B.C. businesses ‘in need of life support’ due to coronavirus fallout
The economic impact of the COVID-19 pandemic continues to devastate businesses across B.C. A recent poll found that in the last two weeks alone, approximately […]
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UPDATE 2-Three Canadian banks cut credit card interest rates to ease coronavirus impact
(Adds details of National Bank of Canada moves) April 3 (Reuters) – Royal Bank of Canada, National Bank of Canada and Canadian Imperial Bank of […]
Continue reading » UPDATE 2-Three Canadian banks cut credit card interest rates to ease coronavirus impact
(Adds details of National Bank of Canada moves) April 3 (Reuters) – Royal Bank of Canada, National Bank of Canada and Canadian Imperial Bank of […]
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Coronavirus stimulus package expands unemployment benefits — here's how it works
Lockhart: Unemployment rate probably closer to 10% Former Federal Reserve Bank of Atlanta President Dennis Lockhart argues we are ‘clearly’ in a recession amid the […]
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Bank of America slammed over favoring small biz loans for existing customers
Bank of America said on Friday it has already received about 35,000 applications for federally backed small-business loans within hours of starting to accept them. […]
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UPDATE 1-CIBC, RBC cut credit card interest rates to ease coronavirus impact
(Adds details of Royal Bank’s credit card rate cut) April 3 (Reuters) – Royal Bank of Canada and Canadian Imperial Bank of Commerce said on […]
Continue reading » UPDATE 2-Lebanon central bank to unify parallel FX rate, let small depositors cash out
* Deposits of $3000 or less allowed full withdrawal * Measure closes out about 60% of accounts -gov’t source * Major boon for small depositors […]
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Any one near Trump or Pence will be given rapid coronavirus test-White House
WASHINGTON, April 3 (Reuters) – With the coronavirus contagion spreading, the White House said on Friday that anyone expected to be near President Donald Trump […]
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US doubles interest rate on small business loans after lenders complain
SBA administrator worried about all 30 million small businesses Treasury Secretary Steven Mnuchin says the Trump administration wants small businesses to reopen and succeed. Small […]
Continue reading » UPDATE 1-FedEx slashes CEO's salary, draws $1.5 bln from credit line
(Adds details on credit facility, background) April 3 (Reuters) – FedEx Corp said on Friday it would slash its chief executive officer’s pay and draw […]
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Coronavirus brings record US job growth to an end in March
WASHINGTON (REUTERS) – The US economy shed jobs in March, abruptly ending a historic 113 straight months of employment growth as stringent measures to control […]
Continue reading » Lebanon central bank FX unit to work with banknotes at "market rate" – governor
BEIRUT, April 3 (Reuters) – The Lebanese central bank’s new foreign currency unit will deal with banknotes at the “market rate” and choose which money […]
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Swiss ease access to COVID-19 treatments with exceptional decree
ZURICH, April 3 (Reuters) – Switzerland on Friday sought to speed access to drugs that could be used against coronavirus-caused COVID-19 disease with an order […]
Continue reading » ADB cuts 2020 growth forecast for South Caucasus countries
TBILISI, April 3 (Reuters) – The Asian Development Bank (ADB) has slashed its 2020 economic growth forecasts for the South Caucasus countries as they are […]
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U.S. small banks have processed more than 700 small business relief loans for $2.5 mln -Mnuchin
WASHINGTON, April 3 (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Friday that community banks have processed hundreds of small business loans aimed at […]
Continue reading » Ukrainian central bank's reserves at $25 bln, enough to continue market interventions
KIEV, April 3 (Reuters) – The Ukrainian central bank’s reserves of around $25 billion are sufficient to continue interventions on the market to smooth out […]
Continue reading » TABLE-Toronto housing strength in early March reversed by COVID-19 uncertainties
TORONTO, April 3 – It was a game of two halves for Toronto’s housing market in March as the COVID-19 pandemic brought surging sales in […]
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