Tuesday, 20 Oct 2020

Asian stocks set for cautious gains after choppy Wall Street session

NEW YORK (Reuters) – Asian stocks were set to gain on Friday, as global sentiment remained doggedly upbeat despite increased volatility and rising new coronavirus infections, with Wall Street pushed higher by a loosening in bank regulations. Throwing some cold water on the rally, however, were the U.S. Federal Reserve’s capital limits for banks after […]

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Netherlands agrees to contribute 3.4 billion euros to Air France-KLM bailout

AMSTERDAM/PARIS (Reuters) – The Dutch government has reached a deal with France to contribute 3.4 billion euros ($3.8 billion) to an Air France-KLM (AIRF.PA) bailout that had strained relations between the airline group’s state shareholders, sources told Reuters. The agreement will see the Netherlands issue direct loans and guarantees to KLM and appoint a trustee […]

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House passes Democratic police reform bill as impasse deepens

WASHINGTON (Reuters) – The U.S. House of Representatives approved a sweeping Democratic police reform bill on Thursday, sending the measure to the Senate despite opposition from President Donald Trump and his Republican allies in Congress. The Democratic-controlled House voted 236-181 roughly along party lines to adopt the legislation, one month to the day after George […]

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Indonesia to skip Hajj pilgrimage over coronavirus fears

Largest contingent of worshippers will not be doing the annual trip to Saudi Arabia. Indonesia has cancelled plans to attend the Islamic Hajj pilgrimage in Saudi Arabia this year because of concerns over the coronavirus pandemic, removing the largest contingent of worshippers at the annual gathering. More than 220,000 people from the world’s biggest Muslim-majority […]

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Money Hacks Podcast: Be a hassle-free landlord through Reit investments

Money Hacks Ep 71: Be a hassle-free landlord through Reit investments 11:18 min Synopsis: In this fortnightly podcast series on Mondays, The Business Times breaks down actionable financial tips. This episode is aimed at those who are interested in investing in property through  real estate investment trusts (Reits) and Chris Lim hosts Mr Dhruv Arora, founder and […]

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U.S. aviation unions ask Congress for another $32 billion bailout

CHICAGO/WASHINGTON (Reuters) – Six U.S. unions representing aviation workers are asking Congress for another $32 billion in payroll aid to keep hundreds of thousands of workers employed through March 31, according to a letter to lawmakers on Thursday. Under the CARES Act passed earlier this year, Congress gave the aviation sector $32 billion to help […]

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