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Fed says it will provide financing against new U.S. ‘payroll protection’ loans
By Howard Schneider and Lindsay Dunsmuir WASHINGTON (Reuters) – The Federal Reserve on Monday moved to bolster a new small-business lending program by allowing banks to turn those loans over to the U.S. central bank for cash, easing concerns among banks about getting stuck holding the low interest loans. The Fed said it would announce […]
Michel Barnier TO QUIT: EU’s Brexit negotiator drops MASSIVE hint during meeting
We will use your email address only for sending you newsletters. Please see our Privacy Notice for details of your data protection rights. The European Union’s chief Brexit negotiator has let slip a massive hint that he could quit at the end of this year. While speaking during a meeting on Wednesday, Mr Barnier suggested […]
India’s SpiceJet to take ‘substantial’ profit hit from 737 MAX grounding: Chairman
By Savio Shetty and Lisa Pauline Mattackal (Reuters) – Indian airline SpiceJet Ltd <SPJT.NS> expects a “substantial” profit hit from the grounding of Boeing’s <BA.N> 737 MAX aircraft, co-founder and chairman Ajay Singh said on Thursday. The budget carrier is in active talks with the planemaker on compensation for 737 MAX-related costs, Singh told the […]