Posted at 02:31h
in
News
by KMFSLLP
Attijariwafa Bank, one of
Morocco's biggest lenders, reported on Friday a 23.8% drop in
net profit attributable to shareholders to 1.1 billion dirhams
($110 mln) in the first quarter this year.
...
Posted at 01:12h
in
News
by KMFSLLP
As many parts of the
world's biggest economy begin to reopen after weeks of
stay-at-home orders that slowed the spread of the coronavirus
but gutted jobs, Americans should not expect a quick return to
growth, U.S. Federal Reserve officials said on Friday.
Posted at 00:12h
in
News
by KMFSLLP
The U.S. government's $660 billion program
to rescue small businesses hit by the coronavirus pandemic
thwarts the intention of Congress by making it hard for some
borrowers to convert loans to grants and failing to prioritize
the right businesses, a government watchdog said on Friday.
...
Posted at 00:01h
in
News
by KMFSLLP
A group of Republican
lawmakers from energy-producing states on Friday called on
President Donald Trump to prevent banks from halting loans and
investments with companies that produce oil and other fossil
fuels while they have access to federal assistance programs
during the COVID-19 pandemic.
Posted at 23:51h
in
News
by KMFSLLP
The United States should reopen its
economy gradually, but it can't let the return to full
employment take a decade or more the way it did during the
recovery from the last crisis, the San Francisco Federal Reserve
Bank President Mary Daly said on Friday.
...
Posted at 23:13h
in
News
by KMFSLLP
Minneapolis Federal Reserve Bank President
Neel Kashkari on Friday said the U.S. government should funnel
aid to those who need it most so that its funds can last the one
to two years it will take before the coronavirus pandemic can be
brought under control and the economy can...
Posted at 22:32h
in
News
by KMFSLLP
Minneapolis Federal Reserve Bank President
Neel Kashkari on Friday said the U.S. government should funnel
aid to those who need it most so that its funds can last the one
to two years it will take before the virus can be brought under
control and the economy can fully...
Posted at 22:17h
in
News
by KMFSLLP
Two more firms are eyeing a share of
Reliance Industries Ltd's $65-billion digital unit Jio
Platforms, according to Bloomberg News, setting them up to be a
part of a growing list of firms that have recently invested in
the Indian company.
...
Posted at 21:17h
in
News
by KMFSLLP
Southwest Airlines Co will sell
and lease back 20 planes for gross proceeds of about $815
million, the company said in a regulatory filing on Friday.
...
Posted at 21:01h
in
News
by KMFSLLP
The fed funds futures market is
pricing in negative U.S. interest rates next year, a scenario
the Federal Reserve has said it wants to avoid as many doubt
that it would be an effective tool to stimulate growth.
Setting interest rates below zero would...