Monday, 23 Nov 2020

US

Wall Street opens higher as vaccine progress fuels recovery hopes

FILE PHOTO: The New York Stock Exchange (NYSE) is seen as people walk in silhouette in the financial district of New York, U.S., November 19, 2020. REUTERS/Shannon Stapleton/File Photo(Reuters) – Wall Street’s main indexes opened higher on Monday as hopes that the first COVID-19 vaccine could be available within weeks renewed bets of a swift […]

As they repair Iota's damage, Colombian survivors vow to rebuild

BOGOTA (Reuters) – When Category 5 Hurricane Iota roared over the small Colombian island of Providencia in the early hours of Monday morning, Yeisler Chamorro and his wife hunkered down underneath a mattress in their bedroom.Slideshow ( 5 images )Nearly all the infrastructure on the island of some 6,000 people, near the coast of Central […]

Mnuchin says will leave next U.S. administration a 'bazooka' after clawback of Fed loan funds

WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin on Friday pushed back against criticism of his decision to de-fund several Federal Reserve coronavirus lending programs on Dec. 31, saying the next administration would still have an $800 billion “bazooka” to quell financial market distress. Mnuchin and another Treasury official insisted that the move would not […]

S&P 500, Dow dip as spiking COVID-19 infections eclipse vaccine hopes

NEW YORK (Reuters) – The S&P 500 and the Dow edged lower on Friday as investors headed into the weekend grappling with disappointing fiscal stimulus news and uncertain efforts to combat a spiraling COVID-19 pandemic with vaccines. Semiconductor stocks and other stay-at-home plays, which have thrived throughout the health crisis, helped keep the Nasdaq green. […]

S&P 500, Dow dip on concerns over rising COVID-19 infections

(Reuters) – The S&P 500 and the Dow slipped on Friday with a surge in coronavirus cases threatening to derail a fragile economic recovery, even as plans were announced for ending several of the Federal Reserve’s economic support programs.FILE PHOTO: The New York Stock Exchange is pictured in the Manhattan borough of New York City, […]

Mnuchin says Main Street U.S. companies need grants, not loans

WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin on Friday defended his decision to end several of the Federal Reserve’s key pandemic lending programs on Dec. 31, saying Congress should use the money to help small U.S. companies with grants instead.FILE PHOTO: Steven T. Mnuchin, Secretary, Department of the Treasury during the Senate’s Committee on […]

25 years after peace deal, Bosnia endures division and stagnation

BRCKO, Bosnia (Reuters) – Mirsad Zahirovic is a university-educated journalist and activist who moonlights as a waiter because he is not a member of one of the ruling political parties, which is almost the only way to get a job in his native Bosnia.Slideshow ( 2 images )The 28-year-old belongs to “the children of Dayton”, […]

Biden says he has picked a Treasury secretary who will please all Democrats

U.S. President-elect Joe Biden speaks to reporters following an online meeting with members of the National Governors Association (NGA) executive committee in Wilmington, Delaware, U.S., November 19, 2020. REUTERS/Tom BrennerWASHINGTON (Reuters) – President-elect Joe Biden said on Thursday he had selected his Treasury secretary and would reveal his choice as soon as next week. “We’ve […]

Biden says he has picked a Treasury secretary who will please all Democrats

U.S. President-elect Joe Biden speaks to reporters following an online meeting with members of the National Governors Association (NGA) executive committee in Wilmington, Delaware, U.S., November 19, 2020. REUTERS/Tom BrennerWASHINGTON (Reuters) – President-elect Joe Biden said on Thursday he had selected his Treasury secretary and would reveal his choice as soon as next week. “We’ve […]

Death toll from Iota slowly rises in Central America amid ongoing rescue efforts

Slideshow ( 5 images )TEGUCIGALPA/MEXICO CITY (Reuters) – The death toll from storm Iota is slowly rising in Central America as authorities on Thursday said they’d recovered more bodies buried in landslides triggered by catastrophic flooding that swept through the already waterlogged region earlier this week. Nearly 40 people were killed across Central America and […]