Wednesday, 27 Nov 2024

Business

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Singapore's service sector revenue falls 1.5% year on year in first quarter of 2021

SINGAPORE – The service sector reported a 1.5 per cent year on year drop in revenue in the first quarter of the year, according to the Singapore Department of Statistics (SingStat) on Thursday (May 27). This is a smaller contraction than that seen during the fourth quarter of 2020’s year-on-year decline of 7.6 per cent. All […]

U.S. downgrades Mexico air safety rating, offers assistance

WASHINGTON/MEXICO CITY (Reuters) -The United States on Tuesday downgraded Mexico’s aviation safety rating, an action that bars Mexican carriers from adding new U.S. flights and limits the ability of airlines to carry out marketing agreements with one another.FILE PHOTO: Screens show flight information at the almost empty Benito Juarez international airport, as the spread of […]

Futures gain as Fed calms inflation worries

(Reuters) – U.S. stock index futures rose on Wednesday after remarks from Federal Reserve officials helped calm inflation worries, while a recent dip in bond yields supported Nasdaq futures climb for a third straight session.The New York Stock Exchange is pictured amid the coronavirus disease (COVID-19) pandemic in the Manhattan borough of New York City, […]

PayPal Expands Post-purchase Offerings With Happy Returns Acquisition

Despite many parts of the online shopping experience becoming increasingly easy, the returns process can be wasteful, expensive and arduous — for both the consumer and the retailer. Launched six years ago to tackle online returns head-on, Happy Returns has made it its mission to make the process “beautiful for shoppers, retailers and the planet,” […]

Wall Street slips in choppy trading as energy stocks fall

(Reuters) -Wall Street’s main indexes slipped in choppy trading on Tuesday, as investors cautiously awaited crucial data later in the week for more clues on the path of inflation.FILE PHOTO: The front facade of the New York Stock Exchange (NYSE) is seen in New York City, U.S., May 4, 2021. REUTERS/Brendan McDermid/File PhotoExxon Mobil Corp […]

S&P 500, Dow inch higher as weekly jobless claims dip

(Reuters) – The S&P 500 and the Dow rose on Thursday, helped by economy-linked stocks after data showing fewer weekly jobless claims bolstered optimism about a U.S. economic recovery.FILE PHOTO: People are seen on Wall Street outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. REUTERS/Brendan McDermid/File PhotoThe number […]

Fed policymakers edge closer to opening debate around taper

WASHINGTON (Reuters) -Federal Reserve policymakers have begun to acknowledge they are closer to debating when to pull back some of their crisis support for the U.S. economy, even as they say it is still needed to bolster the recovery and employment.Slideshow ( 2 images )“We are talking about talking about tapering,” San Francisco Federal Reserve […]

CU South Denver campus in Douglas County hits the market – The Denver Post

The University of Colorado South Denver campus in Douglas County has hit the market, eight months after the state university system said it would be shuttered and sold. JLL said Monday that a team led by brokers Lindsey Fahey and Patrick Bolick are marketing the large three-level facility at 10035 S. Peoria St. in Lone […]

Reserve Bank leaves OCR unchanged: Kiwi dollar rises on inflation outlook

The Reserve Bank has left the official cash rate unchanged at a record low of 0.25 in its latest Monetary Policy Statement. But it now has forecasts which imply it will begin hiking rates in the second half of next year. The decision to keep the cash rate on hold was widely expected by economists. […]