Saturday, July 20, 2019

Congress must not cede its authority to raise debt

PAUL WINFREE Last Friday Treasury Secretary Steven Mnuchin asked Congress to increase the debt limit. And so begins another contentious debate. Throughout our nation’s history, Americans...

BofA rakes in record profit driven by US households

NEW YORK: Bank of America hauled in its fattest profit ever during the second quarter thanks to sturdy spending from households that offset trouble...

Wall Street opens slightly lower after mixed bank reports

WASHINGTON: US stocks opened slightly lower on Tuesday as bank shares fell after a batch of mixed quarterly reports from Wall Street lenders JPMorgan...

IMF sees Portugal budget surplus in 2020

LISBON: Portugal should achieve its first budget surplus next year in at least 45 years, the International Monetary Fund projected on Friday, though it...

Egypt central bank keeps key rates unchanged

CAIRO: Egypt’s central bank kept its key interest rates steady, in line with a Reuters poll of economists. Of 15 economists surveyed by Reuters, 14...

T-Mobile, Sprint expected to extend deal date

NEW YORK: T-Mobile US Inc and Sprint Corp expect to extend a July 29 deadline to complete their $26-billion merger, according to two sources...

Should you buy ASX bank share for 8.3pc dividend?

Sebastian Bowen This ASX bank’s share price is up almost 15% for this year so far, and up more than 20% if you include...

Deutsche Bank under US scope over dealings with 1MDB

KUALA LUMPUR: The US Justice Department is finally investigating Deutsche Bank to see if Germany’s biggest bank violated foreign corruption or anti-money laundering laws when...

Facebook’s Libra needs central bank supervision

WASHINGTON: Social networking giant Facebook published a white paper in June laying out its plans for a new blockchain-based digital currency called Libra, which...

Malaysia central bank holds rates

KUALA LUMPUR: Malaysia’s central bank kept its key interest rate at 3.00%, expressing confidence that domestic demand will support economic growth at a time...

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