Fed's Powell says central bank committed to using all tools to help recovery
(Reuters) - The Federal Reserve remains committed to using all the tools at its disposal to help the U.S. economy recover from the blow delivered by the coronavirus pandemic, Chair Jerome Powell said on Monday.
Trump says aides rejected his request to adjust value of dollar
DAYTON, Ohio (Reuters) - U.S. President Donald Trump on Monday said he was rebuffed when he asked officials to adjust the exchange rate of the dollar to counteract what he described as repeated currency manipulation by China of its yuan.
Investors brace for months of big market swings as virus, political worries loom
NEW YORK (Reuters) - Investors are bracing for an extended period of market volatility as worries over a potential resurgence in coronavirus cases and political uncertainty roil stocks.
Asian stocks fall on concerns about fresh lockdowns, banking sector
NEW YORK (Reuters) - Asian shares opened weaker on Tuesday on concerns about new pandemic lockdowns in Europe and after reports about financial institutions allegedly moving illicit funds hurt global banking stocks.
Two key GOP senators propose $28.8 billion in airline assistance to avoid job cuts
WASHINGTON (Reuters) - Two key Republican senators on Monday introduced legislation that would authorize $28.8 billion in payroll assistance to avoid thousands of airline industry layoffs set to begin on Oct. 1.
Surging dollar holds near six-week high as virus fears return
SINGAPORE (Reuters) - A resurgent dollar held on to overnight gains on Tuesday after virus fears and worries about U.S. stimulus drove a wave of selling in just about everything else.
Climate change since 2000 will cut U.S. growth over next 30 years: CBO
WASHINGTON (Reuters) - The effects of climate change since 2000 will slow U.S. economic growth slightly over the next 30 years, adding another drag on an economy that will struggle to rebound from the coronavirus pandemic, the Congressional Budget Office said on Monday.
Fed policymakers urge Congress, state and local government action to close racial gaps
(Reuters) - More action is needed from Congress and state and local governments to adequately address wealth and income inequalities, two Federal Reserve policymakers said on Monday.
Huawei plans more cuts to jobs, investment in Australia
SYDNEY (Reuters) - The Australian operation of Chinese telecommunications equipment maker Huawei Technologies Co Ltd said it would continue to cut staff numbers and investment in the country amid strained relations between Beijing and Canberra.
China's property developers seek to dodge new rules with shift of debt off balance sheets
HONG KONG (Reuters) - China is tackling unbridled borrowing in the real estate development sector anew with caps for debt ratios. But sources at developers say a rush to get around the rules by moving more debt off balance sheets is on.