Japan PM Abe says fiscal spending under stimulus plan to total 39 trillion yen: Jiji

TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe said direct fiscal spending under the government’s stimulus package to combat the coronavirus pandemic will total 39 trillion yen ($ 357 billion), Jiji news agency reported on Tuesday. Abe pledged on Monday to roll out an unprecedented economic stimulus package worth 108 trillion yen – equal to […]

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Watch Now: Here’s What’s Moving Markets – April 6 (Video)

Investing.com – Our markets analyst Jesse Cohen gives us his top five things to know in financial markets on Monday, April 6, including: – Global Covid-19 Cases, Deaths Slow – Stocks Rally To Start The Week – Slips With In Focus – Jumps 1% – Amazon (NASDAQ:) To Delay Follow us on Twitter at: https://twitter.com/Investingcom […]

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Wall Street looks for light at end of tunnel, sees risk stocks will re-test lows

© Reuters. FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City By Megan Davies NEW YORK (Reuters) – Wall Street analysts and investors see a risk that stocks could retest recent lows in the coming days or weeks as they worry […]

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Single passenger flights: The daily woes of airlines, and the crew still working

7/7 © Reuters. Outbreak of the coronavirus disease (COVID-19) in Washington 2/7 By Tracy Rucinski (Reuters) – When Reuters photographer Carlos Barria boarded American Airlines (NASDAQ:) flight 4511 from Washington Reagan National Airport to New Orleans on Friday for an assignment, he was the only passenger on the 76-seat jet. “There were some awkward moments,” […]

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Britain’s Labour turns page on socialism with Starmer as new leader

© Reuters. Britain’s opposition Labour Party Shadow Brexit Secretary Starmer leaves BBC HQ in London By Kate Holton LONDON (Reuters) – Keir Starmer was elected as the leader of Britain’s main opposition Labour Party on Saturday, pledging to bring an end to years of bitter infighting and to work with the government to contain the […]

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World Bank sees ‘major global recession’ due to pandemic

© Reuters. FILE PHOTO: Atrium is seen at World Bank headquarters in Washington WASHINGTON (Reuters) – World Bank Group President David Malpass on Friday said the rapidly spreading COVID-19 pandemic was expected to cause a “major global recession” that would likely hit the poorest and most vulnerable countries the hardest. “We intend to respond forcefully […]

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China probes alleged fraud at Luckin Coffee, banks review IPO work

© Reuters. A deliveryman walks past a closed Luckin Coffee store at Sanlitun in Beijing By Julie Zhu and Zoey Zhang HONG KONG/BEIJING (Reuters) – China’s securities regulator said on Friday it would investigate claims of fraud at Luckin Coffee Inc (O:) and sources said some of the banks involved in the Chinese chain’s successful […]

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Asian markets look to follow Wall Street rally as oil surges

© Reuters. FILE PHOTO: Pedestrian wearing a face mask walks near an overpass with an electronic board showing stock information in Shanghai By Herbert Lash NEW YORK (Reuters) – Asian markets on Friday looked to latch onto Wall Street’s overnight gains after crude prices notched their biggest one-day surge on record, helping offset concerns about […]

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Exclusive: Germany in talks to inject billions into Lufthansa – sources

By Arno Schuetze and Ilona Wissenbach FRANKFURT (Reuters) – Germany is in talks to provide Lufthansa (DE:) with billions of euros in state aid and could take a stake in the airline, which has grounded more than 90% of its fleet due to the coronavirus pandemic, people close to the matter said. The government and […]

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