Asian shares hit two-month high as economic optimism spreads
Asian shares rose to a two-month high on Thursday as government stimulus expectations supported investor confidence in an economic recovery from the global coronavirus pandemic.
From wagyu beef to melons, Japan’s $2.2 trillion virus rescue piques struggling firms
As the coronavirus jolts Japan, the government’s huge stimulus package has come under fire from hard-hit restaurant owners for channelling funds for items like wagyu beef, melons and tourism rather than accelerating help for firms with burning cash nee…
Amid pandemic, investors bet on India’s Jio and its giant-killer playbook
From its Silicon Valley-like campus near Mumbai, Indian billionaire Mukesh Ambani’s Jio telecom carrier is emerging as a winner from changes in the way Indian consumers plug into a digital economy made more urgent by the coronavirus pandemic.
Oil prices fall on concerns supply to rise as producers wrangle on cuts
Oil prices fell on Thursday, reversing gains in the previous session, on concerns that supply will rise if major producers are unable to agree to extend the depth of output cuts that have supported recent gains.
On Raul Castro’s birthday, U.S. threatens Cuba remittances
The Trump administration expanded on Wednesday its list of Cuban entities that Americans are banned from doing business with to include the financial corporation that handles U.S. remittances to the Communist-run country.
U.S. dollar’s shine fading, but risk high of rush to safe havens: Reuters poll
A fading of the U.S. dollar’s allure will continue as global funding strains ease, but a majority of analysts polled by Reuters said there was a high risk that the U.S.-China trade standoff will renew safe-haven bets in the next six months.
Senate passes bill lengthening coronavirus small-business loan terms
The U.S. Senate unanimously approved legislation on Wednesday giving small businesses up to 24 weeks to use Paycheck Protection Program loans created during the coronavirus pandemic, up from the current eight-week deadline.
Snapchat removes Trump account from curated promotional section
Snap Inc said it would no longer promote U.S. President Donald Trump’s account in Snapchat’s Discover section, saying his incendiary comments last week made the account ineligible for the curated section where users explore new content.
Asian stocks set to extend gains as stimulus fans recovery hopes
Stronger appetite for riskier assets is set to lift Asian equities on Thursday, as government stimulus expectations support investor confidence in an economic recovery from the coronavirus.
U.S. Senate passes bill lengthening coronavirus small business loan terms
The U.S. Senate on Wednesday approved legislation giving small businesses up to 24 weeks to use Paycheck Protection Program loans created during the coronavirus pandemic, up from the current eight-week deadline.
