Systemic racism slows economic growth: Dallas Fed chief Kaplan
Systemic racism and high unemployment levels among black and Hispanic Americans create a drag on the U.S. economy, Dallas Federal Reserve President Robert Kaplan said...
American Express JV gets final approval to launch operations in China
China’s central bank has given the final nod to a network clearing license for an American Express joint venture, allowing it to be the first...
China central bank bank approves American Express for bank card clearance business
China’s central bank said on Saturday it has given American Express approval to set up a bank card clearance business in the country....
U.S. eases criminal record provision in coronavirus business loan program
Federal authorities administering business payroll loans as part of U.S. coronavirus relief efforts on Friday eased rules prohibiting lending to business owners with criminal records,...
Wall Street Week Ahead: Investors bet bounce in value stocks will stick
As the U.S. economy begins to emerge from the sharp slowdown during the coronavirus pandemic, some fund managers have been drawn to value stocks, a...
Lawmakers label British Airways ‘national disgrace’ over jobs
British Airways was labelled a “national disgrace” by lawmakers for its treatment of employees on Saturday, adding to pressure on the airline as it juggles...
Airbnb partners with Brazil virus hotspot Sao Paulo on post-pandemic tourism
Home rental firm Airbnb struck a partnership with Brazil’s Sao Paulo state to encourage tourism once the novel coronavirus crisis has passed, a company executive...
Bankrupt Hertz wins approval to offer up to $1 billion in shares
A bankruptcy judge on Friday approved Hertz Global Holdings Inc’s proposal to sell up to $1 billion in shares, as the car rental firm looks...
Wall Street ends higher but indexes mark worst week since March selloff
U.S. stocks ended higher on Friday as bargain hunters stepped back into the market following sharp losses a day earlier, but all three major indexes...
Wall Street ends higher but indexes mark worst week in more than two months
U.S. stocks ended higher on Friday as bargain hunters stepped back into the market following sharp losses a day earlier, but all three major indexes...