WASHINGTON U.S. President Donald Trump on Saturday signed into law a deadline extension to August 8 for small businesses to apply for relief loans under a federal aid program to help businesses hurt by the COVID-19 pandemic, the White House said.
Canada should focus on boosting
economic growth after getting pummeled by the COVID-19 crisis,
analysts say, even as concerns about the sustainability of its
debt are growing, with Fitch downgrading the nation's rating
just over a week ago.
executive and chairman were under pressure from activist
investors to axe jobs, but they decided to go first after a
damaging clash with unions last week, sources close to the
situation told Reuters.
U.S. companies are cutting their
dividends less than investors anticipated, providing a potential
boost to a stock market rally that has clashed with concerns
over a recent surge in coronavirus infections.
S&P 500 companies are likely to see an aggregate 2% decline
in 2020 dividend payments, compared with analyst projections
earlier this year of around 10%, according to S&P Dow Jones.
That's good news for income-seeking investors at a time wh
China recorded eight new
coronavirus cases for July 4, up from with three a day earlier,
the national health authority said on Sunday, while city
officials in Beijing said nearly all the cases in a recent
outbreak in the capital were mild.
People in England appear to have
broadly behaved themselves as pubs reopened this weekend,
Britain's health minister Matt Hancock said on Sunday after the
latest step towards a return to normality from the coronavirus
Hopes of a COVID-19 vaccine pulled European stocks from losses earlier on Wednesday, after fears of a no-deal Brexit and anxieties relating to the European Union's recovery fund had weighed on sentiment.
Turkey's lira slipped to its
weakest since mid-May late on Friday after Fitch said the
country still faces external financing risks and that its
monetary easing cycle has neared an end, after inflation jumped
more than expected.
For Amer al Dahn, the
idea of eating meat is now a dream. Today, he can't even afford
bread and depends on credit from the local grocer to feed his
wife and four children in the Lebanese city of Tripoli.
Scottish First Minister Nicola
Sturgeon criticised the British government on Friday for
"shambolic" decision making on opening up to international
travel but said it was likely Scotland would agree with the
London government's list of low risk countries.
World shares inched towards a
four-month high on Friday and industrial bellwether metal copper
was set for its longest weekly winning streak in nearly three
years, as recovering global data kept nagging coronavirus nerves
Emerging market stocks rose on Friday and
were set to end the week higher on upbeat data from China and
the United States, while currencies lagged as growing
coronavirus cases dampened optimism about a swift global