• Asian stocks mixed after US Senate approves virus aid

    14 days ago - By Chron

    BEIJING - Asian stocks were mixed Thursday after the U.S. Senate approved a proposed $2.2 trillion virus aid package following a delay over its details and sent the measure to the House of Representatives.
    Tokyo's market benchmark shed 4.5% and Shanghai and Hong Kong also declined. Australia and Southeast Asian markets gained. Jakarta rose almost 10%.
    On Wall Street, the future for the benchmark S&P 500 index was down 1.1%. That for the Dow Jones Industrial Average lost 0.8%. The S&P 500 rose 1.2% on Wednesday but is down nearly 27% from its peak a month ago.
    The Senate approved the...
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  • Why Stock Buybacks May Be Slowed or Shut by the Virus

    14 days ago - By Washington Post

    The effort to shore up U.S. businesses battered by the coronavirus pandemic has brought new attention to the single biggest investment most big companies have made over the past decade: their own stock. The defenders of share buybacks say it's often the most efficient use of capital. Critics say it has left firms vulnerable to the kind of shock the virus has produced. Either way, it's been a vital support for equities - but one that will probably be sharply curtailed for a while, for both econo
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  • U.S. Senate approves big rescue for struggling aviation sector

    14 days ago - By Reuters

    The U.S. Senate voted late Wednesday 96-0 to give the U.S. aviation industry $58 billion in a coronavirus-rescue package, half in the form of grants to cover some 750,000 employees' paychecks, in a badly needed lifeline for an industry facing the worst travel downturn in history.
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  • 'Apocalypse now': Airlines turn to cargo for revenue as U.S. Senate approves aid package

    14 days ago - By Reuters

    Delta Air Lines Inc and Air New Zealand Ltd said they would offer cargo charter services on passenger planes to boost revenue as the U.S. Senate unanimously passed a bill to give its carriers $58 billion in aid, including payroll support.
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  • U.S. Senate votes to grants struggling aviation sector big bailout

    14 days ago - By Reuters

    The U.S. Senate voted late Wednesday 96-0 to give the U.S. aviation industry $58 billion in aid, half in the form of grants earmarked to cover some 750,000 employees' paychecks, in a badly needed lifeline for an industry facing the worst travel downturn in history.
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