WASHINGTON (Reuters) – President Donald Trump on Wednesday accused Democrats of Congress of not negotiating a US coronavirus aid package for refusing to engage in “ridiculous” unrelated spending requests the pandemic. Trump’s remarks came after top Republican and Democratic negotiators blamed a five-day patch deal in relief legislation talks. Treasury …
Read More »In China, fears of financial Iron Curtain as US tensions grow
SHANGHAI / BEIJING (Reuters) – A sharp escalation of tensions with the United States has raised fears in China of a deepening financial war that could result in the closure of the world dollar system – a devastating prospect once considered far-fetched but now impossible . FILE PHOTO: Chinese yuan …
Read More »Lyft retains the profitability target by the end of 2021, even if COVID-19 guts demand
(Reuters) – Lyft Inc said on Wednesday that cost cuts are putting the company on track to reach its target of becoming profitable on an adjusted basis by the end of 2021, even as second-quarter revenue tumbled 61% due to coronavirus-related limitations.
Read More »GLOBAL MARKETS-Asian markets set for mixed trade amid US stimulus wrangling
BOSTON, Aug. 11 (Reuters) – Asian stocks were put up for trading on Wednesday after Wall Street went into growing uncertainty over an additional round of U.S. fiscal stimulus. New Zealand opened the region on a gruesome note after the Pacific nation reported its first coronavirus infections in more than …
Read More »Japanese stocks grow, dollar falls as investors ‘glass half full’
SINGAPORE (Reuters) – Japanese stocks were up six months and the dollar was under pressure on Thursday as investors positively plucked from recent economic data and bets on China and the United States with their trading sales at a crucial weekend meeting . FILE PHOTO: Passers-by wearing protective face masks, …
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