By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar edged higher on Wednesday, adding to the previous session’s gains, as safe-haven currencies remained largely well supported even as markets began to stabilize and oil prices recovered from another slump. The U.S. Dollar Currency Index <=USD>, which measures the greenback’s strength against six other major […]
SYDNEY (Reuters) – Australia faces a 10% economic contraction in the March quarter as shockwaves from the coronavirus pandemic rip through the economy, the head of the Commonwealth Bank of Australia <CBA.AX>, the country’s largest lender, warned on Monday. Citing data from the bank’s live payments system, CBA chief executive Matt Comyn said consumption has […]
By Joshua Franklin, Lawrence Delevingne and Jane Lanhee Lee NEW YORK/BOSTON (Reuters) – Airbnb, whose home rental business is suffering as the coronavirus pandemic freezes global travel, has secured a new $1 billion loan just days after closing a $1 billion debt deal, the company said on Tuesday. Parties to the new loan deal included […]
