Fed revisits idea of pledging to keep interest rates low
Federal Reserve policymakers are looking at reviving a Great Recession-era promise to keep interest rates low until certain conditions are met, in a bid to
Category: Business
Energy Transfer digs in on North Dakota pipeline expansion despite oil slump
U.S. pipeline company Energy Transfer (ET.N) has taken the rare step of invoking force majeure – normally used in times of war or natural disaster
Cerberus wants well more than 7,000 job cuts at Commerzbank
Cerberus wants Commerzbank (CBKG.DE) to cut far more than 7,000 jobs as part of the bank’s efforts to trim costs, a person familiar with the
Record U.S. job growth expected in June, but masks labor market weakness
The U.S. economy created jobs at a record clip in June as more restaurants and bars reopened, but 31.5 million Americans were collecting unemployment checks
Nissan to launch 7 models in Africa to pursue growth
Nissan Motor Co (7201.T) aims to launch seven new models in Africa over the next two years, company executives said on Monday, as the Japanese
U.S. pending home sales jump a record 44.3% in May
Contracts to buy U.S. previously owned homes rebounded by the most on record in May, suggesting the housing market was starting to turn around after
Amazon to pay $500 million in one-time bonuses to front-line workers
Amazon.com Inc said on Monday it would spend $500 million on one-time bonuses to its front-line employees and partners working through the coronavirus crisis. Employees