FILE PHOTO: US Federal Reserve Chairman Jerome Powell arrives to speak to journalists in Washington, USA, on March 3, 2020. REUTERS / Kevin Lamarque (Reuters) – US Federal Reserve Chairman Jerome Powell said Monday that prospects for the world’s largest economy are “extraordinarily uncertain” and will depend as much on …
Read More »Australia sees largest daily increase in COVID-19 cases in two months
SYDNEY (Reuters) – Australia’s second most populous state said on Monday it is considering reimposing social distancing restrictions after the country reported its biggest one-day increase in new coronavirus infections in more than two months. Powered by the state of Victoria that reported 75 cases, Australia recorded 85 new COVID-19 …
Read More »Banks too big to fail are mostly a thing of the past, regulators say
LONDON (Reuters) – Reforms to the global financial system following the banking crisis of a decade ago have reduced the risk that taxpayers will have to bail out lenders again, but some gaps have yet to be closed, the Board of Directors said Sunday. Financial Stability (FSB). FILE PHOTO: Office …
Read More »Australia sees largest daily increase in COVID-19 cases in two months
SYDNEY (Reuters) – Australia’s second most populous state said on Monday it is considering reimposing social distancing restrictions after the country reported its biggest one-day increase in new coronavirus infections in more than two months. FILE PHOTO: Australian Prime Minister Scott Morrison speaks during a joint press conference at the …
Read More »Germany to sever ties to accounting regulator after Wirecard scandal
FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and private label solutions for electronic payment transactions, is seen in Aschheim, near Munich, Germany, on April 25, 2019. REUTERS / Michael Dalder / File Photo BERLIN (Reuters) – The German government plans to terminate its contract with …
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