Economy
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U.S. Strikes Deal with Malaysia’s 1MDB to Recover $49 Million
The U.S. has reached a deal to recover over $49 million involving Malaysian sovereign wealth fund 1MDB, the Division of…
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Global Shares Eek Out Gains as Countries Easing Restritions
Global shares drew slim gains Wednesday, with optimism over economies easing coronavirus restrictions and oil prices clawing back ground leavened…
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White House Aims to Strengthen Small Business Lending Program
The White House hopes Congress will almost double the size of its program to support ailing small companies by the…
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Hong Kong’s Cathay Pacific Announces Further Flight Cuts
Hong Kong’s Cathay Pacific Airways will make additional cuts to passenger capacity due to deficient demand, leaving it with two…
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Rise in U.S. COVID-19 Death Toll Haunts Asian Markets
Asian stock markets had been pinned down Thursday, haunted by the rising U.S. coronavirus death count, and with buyers braced…
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White House And Senate Strikes A Trillion Dollars Worth A Deal
The Senate and White House leaders struck a serious deal early Wednesday morning over a $2-trillion package to supply a…
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US May Go Jobless Very Soon In an Increasing Rate
Federal Reserve Bank of St. Louis President James Bullard predicted the U.S. unemployment price might hit 30% within the second…
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Italians Support Government’s Lockdown Measures to Contain Coronavirus Outbreak
Even if Italy’s draconian steps to curb the spread of coronavirus prove successful, they’ll leave an economy in tatters, with small…
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Federal Reserve Cuts Interest Rates to Cushion Coronavirus Impact
The U.S. Federal Reserve cut rates of interest Tuesday in an attempt to shield the world’s most prominent economy from…
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Jean Mustier to Remain as CEO of Italy’s UniCredit
Italy’s most significant bank UniCredit asserted Monday that Chief Executive Jean Pierre Mustier had confirmed he would remain in his…
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