(Reuters) – U.S. companies’ borrowings for capital investments surged about 28% in January from a year earlier, as a strong U.S. economy drove up business spending, the Equipment Leasing and Finance Association (ELFA) said on Tuesday. The companies signed up for $9.2 billion in new loans, leases and lines of credit last month, up from […]
Coronavirus appears to be taking a “different pathway” in Africa compared with the rest of the world, the World Health Organisation (WHO) has said. The number of infections surpassed 100,000 on Friday, with the continent not experiencing the very high numbers devastating many countries despite its fragile health systems. More than 3,100 people have died […]
By Noel Randewich (Reuters) – Wall Street tumbled in a volatile session on Tuesday after the U.S. Federal Reserve surprised investors with a half percentage-point cut in interest rates, amplifying fears about the magnitude of the coronavirus’ impact on the economy. All three major U.S. stock market indexes closed nearly 3% lower after the Fed’s […]
