The latest Economy News: breaking news on the global and UK economy and international investments including audio and video coverage.

Trump says he hasn’t been told that Russia is helping Sanders, accuses Schiff of leaking classified info

WASHINGTON — President Donald Trump said Sunday that he has never been briefed about Russian efforts to help Bernie Sanders win the Democratic presidential nomination and he accused the Democratic chairman of the House Intelligence Committee of leaking election security information from a classified briefing. Sanders acknowledged on Friday that he was briefed last month by U.S. officials about Russian […]

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Iraq extends ban on border crossings by Iranians

(Reuters) – Iraq has extended an entry ban for any non-Iraqis coming from Iran, the prime minister said, as authorities in Tehran announced 15 more cases of coronavirus and a death toll of eight. Baghdad had banned crossings by non-Iraqis from Iran on Thursday for three days and Prime Minister Adel Abdul Mahdi said on Saturday night that the ban […]

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Budget 2020 Roundtable: Measures may not be enough to save struggling firms

The Budget measures might go a long way in helping profitable companies, but smaller businesses struggling to survive day-to-day need extra short-term help, a post-Budget roundtable heard. Singapore Business Federation (SBF) chief executive Ho Meng Kit said he liked the way the Budget instantly laid out measures to help the hardest hit sectors during the coronavirus outbreak, but firms fighting […]

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G-20 calls for coordinated coronavirus response as IMF trims growth forecasts

RIYADH (REUTERS) – The world’s top economies called for a coordinated response to the coronavirus outbreak, which the IMF predicted would lower China’s growth this year to 5.6 per cent and shave 0.1 percentage points from global growth. International Monetary Fund managing director Kristalina Georgieva presented the outlook to central bankers and finance ministers from the Group of 20 countries […]

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Democrats face an important test in Nevada caucuses

Just past the roulette wheel and slot machines, the smoky bars and blinking lights, Nevada Democrats are preparing to weigh in on their party’s presidential nomination fight. Seven casino-resorts on the Las Vegas Strip stand among 200 caucus locations statewide that will host the presidential caucuses on Saturday, the third contest in a 2020 primary season that has so far […]

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‘Best-interest duty’ turns up heat on mortgage brokers

Consumer groups want to see coming major reforms in the troubled mortgage broking industry go further, calling for brokers to be required to inform their clients in writing what they have done to match their needs and how many potential mortgages are examined, ruled out and why. From July 1, mortgage brokers will be subject to a "best-interests duty", where […]

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REFILE-China's central bank will guide interest rates lower to aid virus-hit economy – state media

(Corrects to add dropped word “bank” in headline) SHANGHAI/BEIJING, Feb 22 (Reuters) – China will guide overall market interest rates lower and keep liquidity appropriately ample to help companies affected by the coronavirus epidemic, a senior central banker told state media. Liu Guoqiang, deputy governor of the People’s Bank of China, also told the Financial News in an interview that […]

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Ex-Goldman boss Lloyd Blankfein ‘might find it harder to vote for Bernie’ than for Trump

People might start getting the impression that Lloyd Blankfein and Bernie Sanders don’t like each other. That’s Blankfein, who stepped down as chief executive of Goldman Sachs Group Inc. GS, -0.91% in 2018, in an interview with the Financial Times (paywall) published online Friday. It is also hardly the first salvo the self-identified Democrat, who supported Hillary Clinton’s presidential candidacy in […]

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Avadel (AVDL) Soars To New High, What Next?

Shares of Avadel Pharmaceuticals plc (AVDL) soared as much as 32 percent today, following a $65 million private placement with institutional accredited investors led by Vivo Capital, Avoro Capital Advisors, RTW Investments, Venrock Healthcare Capital Partners, Acuta Capital, and KVP Capital. As part of the private placement, the Company will issue 8.68 million American Depositary Shares and 487,614 shares of […]

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Fed’s Brainard backs aggressive action in next recession

Federal Reserve Governor Lael Brainard on Friday said she favored a very aggressive policy approach to the next recession that would include capping interest rates beyond short-term rates, a policy known as yield curve control. In a speech at a conference examining how the Fed should react in the next downturn, Brainard said the Fed should also pledge to keep […]

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