Friday, 30 Oct 2020

Business

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Glenn Greenwald Leaves The Intercept, Claiming He Was Censored

The journalist Glenn Greenwald said on Thursday that he was leaving The Intercept, the news website he helped found, claiming that it had refused to publish an article he wrote on Joseph R. Biden Jr. unless he removed sections that were critical of the Democratic presidential nominee. Mr. Greenwald, who is best known for his […]

U.S. economy notches record growth in third quarter

Slideshow ( 2 images )WASHINGTON (Reuters) – The U.S. economy grew at an unrivaled pace in the third quarter as the government poured out more than $3 trillion worth of pandemic relief which fueled consumer spending, but the deep scars from the COVID-19 recession could take a year or more to heal. Gross domestic product […]

E tū union blasts Air New Zealand for axing hundreds more cabin crew jobs

A union has blasted further staff cuts at Air New Zealand as ”appalling” at the company which has received hundreds of millions of dollars in taxpayer money this year. Air New Zealand has today confirmed the loss of 385 cabin crew roles that had been under review for the last two months. E tū head […]

J.C. Penney Inks Asset Deal With Landlords, Lenders

The long, painful process of finding a buyer for the bankrupt J.C. Penney Co. Inc. took a big step forward Wednesday evening when the retailer signed an asset purchase agreement with two key landlords and its lenders.  Under the deal, Brookfield Asset Management Inc., Simon Property Group and a majority of the company’s debtor-in-possession and […]

Surge in coronavirus cases set to shake Asian markets

(Reuters) – Asian stocks were set to join a global sell-off on Thursday as worries about surging coronavirus cases in Europe and the United States sent investors scrambling for safe-haven assets.FILE PHOTO: People wearing protective face masks, following an outbreak of the coronavirus disease (COVID-19), look at a stock quotation board outside a brokerage in […]

Covid casualty: ANZ Bank’s $562m profit slump

ANZ New Zealand’s cash profit has slumped 29 per cent to $1.371 billion in the financial year to September 30 as the bank was hit by a rise in credit impairments driven by Covid-19. The country’s largest bankwhich is owned by the ASX-listed ANZ revealed its financial results this morning. ANZ New Zealand saw its […]

Pandemic's latest spread triggers surge in VIX 'fear gauge' for U.S. stocks

NEW YORK (Reuters) – Wall Street’s “fear gauge” is on track for its biggest weekly jump since March as investors worried about rising U.S. and European coronavirus cases, the lack of fiscal stimulus and uncertainty about the U.S. presidential election outcome.Slideshow ( 2 images )The Cboe Volatility Index .VIX surged on Wednesday to its highest […]

Rubio unveils bill to kick blacklisted Chinese firms out of U.S. markets

Slideshow ( 2 images )WASHINGTON (Reuters) – Top Republican Senator Marco Rubio has introduced legislation to block access to U.S. capital markets for Chinese companies that have been blacklisted by Washington, threatening a blow against Chinese firms that rely on U.S. investors for funding. The bill, which Rubio submitted late on Monday, would bar U.S. […]

URA launches site at Farrer Park; JTC offers parcels at Sembawang, Tampines

SINGAPORE (THE BUSINESS TIMES) – The Urban Redevelopment Authority (URA) on Tuesday launched a residential-with-commercial site for tender, while JTC launched two industrial land plots – one via tender and another for application. URA put up the Northumberland Road site near Farrer Park for sale via public tender. The land plot is zoned residential with […]