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Senate committee unanimously approves Yellen nomination for U.S. Treasury secretary
FILE PHOTO: Former Federal Reserve Chairman Janet Yellen speaks during a panel discussion at the American Economic Association/Allied Social Science Association (ASSA) 2019 meeting in Atlanta, Georgia, U.S., January 4, 2019. REUTERS/Christopher Aluka BerrYWASHINGTON (Reuters) – The U.S. Senate Finance Committee voted unanimously to approve Janet Yellen as the first woman Treasury secretary on Friday, […]
Philippines’ Cebu Air fears profit hit of up to $78 million from virus outbreak
MANILA (Reuters) – The Philippines’ largest budget carrier expects travel curbs prompted by a virus outbreak that began in China could trim 3 billion to 4 billion pesos ($58.9 to 78.5 million) off this year’s earnings, the airline said on Monday. The death toll from the coronavirus epidemic has risen to 361 in China, with […]
Indonesia president sees sovereign fund raising at least $20 billion
By Maikel Jefriando JAKARTA (Reuters) – Indonesian President Joko Widodo said on Thursday that a planned sovereign wealth fund to finance infrastructure projects in Southeast Asia’s biggest economy will raise at least $20 billion once established. Widodo discussed plans to establish the fund with Abu Dhabi’s Crown Prince Sheikh Mohammed Bin Zayed over the weekend […]