UAE doing too little to stem money laundering and terrorist finance: watchdog

Economy14 hours ago (Apr 29, 2020 06:10PM ET) (C) Reuters. By Alexander Cornwell DUBAI (Reuters) – The United Arab Emirates is not doing enough to prevent money laundering despite recent progress, and causing concerns about its ability to combat financing…

U.S. economy faces hard slog back from pandemic, Fed chief says

2/2 (C) Reuters. FILE PHOTO: The spread of the coronavirus disease (COVID-19) in New York 2/2 By Lindsay (NYSE:LNN) Dunsmuir and Ann Saphir WASHINGTON (Reuters) – The head of the Federal Reserve on Wednesday dashed lingering hopes for a fast…

Fed support fuels corporate debt spree in April

Economy14 hours ago (Apr 29, 2020 06:15PM ET) (C) Reuters. FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington By Kate Duguid NEW YORK (Reuters) – Issuance of investment grade corporate debt in April so…

Japan’s parliament to pass $241 billion extra budget to combat pandemic fallout

Economy11 hours ago (Apr 29, 2020 09:20PM ET) (C) Reuters. Outbreak of the coronavirus disease (COVID-19) in Tokyo By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s parliament is set to approve on Thursday a $241 billion supplementary budget to fund a…

Japan’s factory output, retail sales drop as virus hits economy

Economy11 hours ago (Apr 29, 2020 08:50PM ET) (C) Reuters. By Daniel Leussink TOKYO (Reuters) – Japan’s March factory output fell at the fastest pace in five months, while retail sales also dropped as businesses struggled with the coronavirus pandemic’s…

IMF sees Caribbean economy shrinking 6.2% in 2020 due to pandemic

Economy9 hours ago (Apr 29, 2020 10:40PM ET) (C) Reuters. IMF logo is seen outside the headquarters building in Washington WASHINGTON (Reuters) – A sudden stop in tourism caused by border closures and lockdowns aimed at containing the coronavirus pandemic…

IMF approves $650 million in emergency pandemic aid for Dominican Republic

Economy10 hours ago (Apr 29, 2020 10:15PM ET) WASHINGTON (Reuters) – The International Monetary Fund said on Wednesday its executive board had approved $650 million in emergency financial assistance to help the Dominican Republic respond to the coronavirus pandemic. The…

Mexican miners ask U.S. to consider it in talks on re-opening

Economy9 hours ago (Apr 29, 2020 10:55PM ET) (C) Reuters. MEXICO CITY (Reuters) – Mexico’s miners on Wednesday asked the U.S. government to consider their sector in talks over the reopening of key areas of the Mexican and U.S. economies…

Stocks rally on treatment hopes, currencies await ECB

Economy3 hours ago (Apr 30, 2020 05:20AM ET) 2/2 (C) Reuters. People wearing protective face masks, following an outbreak of the coronavirus, are reflected on a screen showing Nikkei index, outside a brokerage in Tokyo 2/2 By Marc Jones LONDON…

Chinese factories struggle to fire in April as slump in export orders deepens

(C) Reuters. FILE PHOTO: An employee works on the production line of a robot vacuum cleaner at a factory of Matsutek in Shenzhen BEIJING (Reuters) – China’s factories suffered a collapse in export orders in April, twin surveys showed, suggesting…

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