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Oil dip unsurprising, second-quarter GDP drop could be biggest ever: White House’s Hassett
WASHINGTON (Reuters) – White House economic adviser Kevin Hassett said on Tuesday the current dip in oil prices is due to a “very short-run thing” and markets will find a new normal. “This is a very very short-run disruption,” Hassett said in an interview with Fox News a day after the May futures contract for […]
US death toll in ISIS suicide attack at Kabul airport rises to 13 as ’90 Afghans killed’
We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info The American death toll in the ISIS suicide attack at Kabul airport has risen to […]
China’s big banks flag asset pressure due to virus, boding ill for smaller kin
By Cheng Leng and Engen Tham BEIJING/SHANGHAI (Reuters) – China’s largest state banks said the impact of restrictions on movement imposed to slow the spread of the coronavirus could pull down asset quality as borrowers struggle to repay loans, though they are likely big enough to weather any fallout. The comments come as five of […]