FILE PHOTO: People gather to demand repayment of loans and financial products at the Evergrande’s headquarters, in Shenzhen, Guangdong province, China September 13, 2021. REUTERS/David KirtonHONG KONG (Reuters) – Rating agency Fitch said that numerous sectors could be exposed to heightened credit risk if China’s No.2 property developer Evergrande Group were to default, although the overall impact on the banking […]
Read moreFILE PHOTO: The Cushman Watt Scout Center, headquarters of the Boy Scouts of America for the Los Angeles Area Council, is pictured in Los Angeles, California October 18, 2012. REUTERS/Fred Prouser(Reuters) -The Boy Scouts of America on Tuesday secured more than $1 billion in new settlements to resolve sex abuse claims, with $787 million coming from insurance group The Hartford […]
Read moreLONDON (Reuters) -British employers added a record 241,000 staff last month, lifting the total number of employees on company payrolls to just above the level before Britain first went into a COVID-19 lockdown last year, official data showed on Tuesday.FILE PHOTO: A man walks past a job centre following the outbreak of the coronavirus disease (COVID-19), in Manchester, Britain, July […]
Read moreThe German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 13, 2021. REUTERS/Staff(Reuters) – European stocks slipped in early deals on Tuesday as caution ahead of U.S. inflation data and weakness in luxury and mining shares offset optimism around the region’s economic recovery. The pan-European STOXX 600 index was down 0.2% after a […]
Read moreHONG KONG (Reuters) – Asia’s share markets were mixed and the dollar held steady on Tuesday, with investors awaiting U.S inflation data for more clues on when the Federal Reserve will taper stimulus.FILE PHOTO: A man watches an electric board showing Nikkei index outside a brokerage at a business district in Tokyo, Japan, June 21, 2021. REUTERS/Kim Kyung-HoonChina’s tightening grip […]
Read moreNEW YORK (Reuters) – The S&P 500 closed higher on Monday, ending a five-day losing streak as investors focused on potential corporate tax hikes and upcoming economic data. The Dow Jones Industrial Average also advanced, but the Nasdaq Composite Index ended lower. Investors favored value over growth, with stocks set to benefit most from a resurging economy enjoying the biggest […]
Read moreAn Auckland pub owner is pleading for more support from the Government, saying a lot of hospitality businesses aren’t going to survive the latest lockdown. Steve Gillett, who owns popular sports bar and restaurant The Kingslander near Eden Park,has written a letter to Prime Minister Jacinda Ardern and his local MP, Melissa Lee, saying hospitality businesses simply can’t sustain prolonged […]
Read moreConstruction chiefs meet at midday to discuss Tāmaki Makaurau’s lockdown, which has frozen thousands of building sites and delayed staff returning to projects. Julien Leys, Building Industry Federation chief executive, said members of the Construction Strategy Group would today hear from BDO’s James MacQueen who last month released his firm’s annual construction sector survey. Discussion is expected to be around […]
Read moreNEW YORK (Reuters) – Energy stocks are becoming a popular bellwether for concerns over how deeply the Delta variant of the coronavirus is expected to impact the U.S. economy, as the so-called reopening trade that boosted some parts of the market earlier this year continues to stumble.A Wall St. sign is seen outside the New York Stock Exchange (NYSE) in […]
Read moreBy Stacy Cowley Small businesses seeking cash to help them weather the pandemic can now borrow up to $2 million from the federal government, after the Biden administration said on Thursday that it would lift a $500,000 cap on disaster relief loans. Those that took smaller Economic Injury Disaster Loans will be able to apply for increases, although the Small […]
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