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 […]
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This made 'Today' host Hoda Kotb break down in tears
New York (CNN Business)In a video shot from her hospital bed where she is recovering from Covid-19, Austin American-Statesman photojournalist Lola Gomez described the predicament […]
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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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Amid confusion, U.S. small business bailout program off to rocky start
(Reuters) – A flood of loan applications from coronavirus-hit businesses inundated lenders on Friday as the U.S. government launched its $349 billion bailout fund for […]
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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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Washington Ties Help Boutique Banks Land Key Treasury Roles
In this article In 2008, it was Eric Cantor’s job as a congressman to help drum up support for the bank bailouts as the economy […]
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Goldman CEO Buys Two New Private Jets in Break With Tradition
For years, there was an allergy inside Goldman Sachs to owning a private corporate jet. Top bankers had access to rides on planes shared with […]
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Sterling drops as British firms suffer record slump
LONDON (Reuters) – Sterling sank on Friday after data showed a record slump among Britain’s services and manufacturing firms in late March as businesses and […]
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UK retail footfall down 85% over two months, Google data reveals
Footfall at British retailers is down 85% over the past two months, according to location data gathered by Google, with some areas effectively coming to […]
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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 […]
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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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PlayStation and Moonpig’s UK sales soar amid virus crisis
Spending on PlayStation more than doubled in March, while local convenience stores such as Nisa and Costcutter recorded a surge in sales, according to the […]
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Groceries from the dry cleaner? UK firms turn to food delivery in bid to survive
Available slots for supermarket deliveries may be rarer than hens’ teeth, but an army of small firms are finding new ways to feed and water […]
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Stocks fight losses after dismal jobs report
Investors must look for quality, strong stocks in bear market: Expert Haverford Trust Company co-CIO Henry Smith says pent-up consumer demand will drive recovery. U.S. […]
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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 […]
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