WASHINGTON: The Federal Reserve on Monday (Apr 6) moved to bolster a new small-business lending programme by allowing banks to turn those loans ...
WASHINGTON: The Federal Reserve on Monday moved to bolster a new small-business lending programme by allowing banks to turn those loans over to the Fed for cash, easing concerns among banks about getting stuck holding the low interest loans.
The Payroll Protection Programme is one of the key measures adopted as part of a more than US$2 trillion effort to offset the economic impact of the coronavirus crisis, which has forced large portions of the U.S. economy to shutter in an effort to encourage"social distancing."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
COVID-19: New website provides updates on crowd levels in Singapore mallsSINGAPORE: A website has been launched to provide the public with regular updates on crowd levels in malls across Singapore amid the COVID-19 ...
Read more »
Fed's Bullard says another coronavirus economic relief bill may not be neededWASHINGTON: A top official at the US Federal Reserve said on Sunday (Apr 5) the US$2.3 trillion economic relief bill approved by Congress was ...
Read more »
Commentary: In the time of COVID-19, China is revolutionising deliveries and e-commerceChina is re-inventing ways to make online shopping more fun, and it's proving very successful in this coronavirus outbreak, say two researchers.
Read more »
Glimmer of hope in Europe as US braces for 'hardest week'ROME: European nations most ravaged by the new coronavirus on Sunday (Apr 5) reported encouraging signs in their fight against the deadly ...
Read more »
Glimmer of hope in Europe as US braces for 'toughest week'ROME: European nations hardest hit by the new coronavirus on Sunday (Apr 5) reported encouraging signs in their fight against the deadly pandemic ...
Read more »
Glimmer of hope in Italy and Spain as US braces for 'toughest week'ROME: Italy and Spain, the two countries hardest hit by the new coronavirus, on Sunday (Apr 5) reported encouraging signs in their fight against ...
Read more »