FILE PHOTO: A sign is displayed in the reception of Goldman Sachs in Sydney, Australia, May 18, 2016. REUTERS/David Gray/File Photo(Reuters) – Goldman Sachs Group Inc reported a 153% jump in fourth-quarter profit on Tuesday, powered by another blowout performance at its core bond trading and underwriting business and an uptick in merger and acquisition […]
By Nandita Bose WASHINGTON (Reuters) – Two former Obama administration officials have emerged as front-runners for the top antitrust job at the U.S. Department of Justice under the incoming administration of President-elect Joe Biden, according to two sources with knowledge of the matter. One of the picks is Renata Hesse, who has had several stints […]
The Paycheck Protection Program’s loose rules allowed virtually any small business or company in America to qualify for a government-backed relief loan. Frustrated citizens and activist groups have criticized thousands of recipients they deemed unworthy, including wealthy lawyers, politicians and political lobbyists, publicly traded companies and businesses under government investigation. Now the federal loan program […]
A multimillionaire property investor is about to start building a new metro-sized supermarket in New Zealand’s wealthiest suburb. Ben Cook of the privately-owned Cook Property said he had struck a deal with Woolworths which had committed to a 12-year lease on the 1800sq m store with 54 carparks where a construction contract has been let. […]
The New Zealand sharemarket had its fifth successive day of falls on Friday, closing the week down 4 per cent overall and giving back all the gains made since Christmas. With profit-taking having taken place – especially among the leading energy stocks – the market is now in a holding pattern awaiting the latest United […]
The New Zealand sharemarket had its fifth successive day of falls on Friday, closing the week down 4 per cent overall and giving back all the gains made since Christmas. With profit-taking having taken place – especially among the leading energy stocks – the market is now in a holding pattern awaiting the latest United […]
Make 2021 your year of KiwiSaver. That is, if you’re not a member, your children aren’t members, or you’ve stopped contributing, it’s time to rethink. Nowhere else will you get a guaranteed 50 per cent return in the first year. That’s the government contribution of $521.23 for the first $1042.86 you invest. That’s 50c for […]
NEW YORK (Reuters) – Asian shares rose on Friday, brushing off a late Wall Street dip as expectations of large U.S. stimulus under President-elect Joe Biden shored up sentiment while oil prices perked up on upbeat Chinese trade figures.FILE PHOTO: A man rides a bicycle past a screen displaying Nikkei share average and stock indexes […]
Ten months after the coronavirus crisis decimated the labor market, the resurgent pandemic keeps sending shock waves through the American economy. Though more than half of the 22 million jobs lost last spring have been regained, a new surge of infections has prompted shutdowns and layoffs that have hit the leisure and hospitality industries especially […]
By Niraj Chokshi The Federal Aviation Administration is cracking down on what it calls a “disturbing increase” in threatening or violent behavior by airline passengers, putting in place a zero-tolerance policy against disruptive behavior through March. The move comes in response to last week’s attack on the Capitol and to the longer running problem of […]