Fed sees US economic outlook remaining favourable

Fed sees US economic outlook remaining favourable

Posted on

Federal Reserve policymakers discussed maintaining the Fed’s policy rate at 1.5 to 1.75 per cent “for a time” at their meeting at the end of January, to support both a recovery in business investment and a labour market with room still left to improve. Risks to the outlook were “somewhat more favourable” since their last […]

Read More

Bankruptcy risks rise for US shale

Bankruptcy risks rise for US shale

Posted on

Bankruptcy risks in the US shale sector are rising, with weak oil prices and tightening access to credit worsening the outlook for some producers just as a “staggering” $86bn in debt maturities start to come due. Speculative-grade, or subinvestment, debt makes up more than 60 per cent of the total to be repaid between now […]

Read More

Uber shuts downtown L.A. office, laying off about 80

Uber shuts downtown L.A. office, laying off about 80

Posted on

Uber has closed a customer support office in downtown Los Angeles, laying off about 80 employees, The Times has learned. Without advance notice, staffers were informed Thursday their jobs would be shifted to a large customer support office the company maintains in Manila, according to sources who asked to remain anonymous for fear of losing […]

Read More

© Reuters. Director of four Oscar award-winning film

Director of Oscar-winning ‘Parasite’ did not want to sugarcoat inequality By Reuters

Posted on

© Reuters. Director of four Oscar award-winning film ‘Parasite’ Bong Joon-ho answers a reporters’ question during a news conference in Seoul By Hyonhee Shin SEOUL (Reuters) – The stark inequality between two South Korean families portrayed in the Oscar-winning film “Parasite” might make viewers uncomfortable but it was the “only path” to revealing cold reality, […]

Read More

Junk bond king’s pardon ‘is spectacular’ for Wall Street

Junk bond king’s pardon ‘is spectacular’ for Wall Street

Posted on

Thirty years after his conviction for securities fraud, and 20 years after he began asking US presidents to pardon him, junk bond king Michael Milken once again finds himself being cheered by some on Wall Street after winning clemency from Donald Trump. “Mike’s pardon is spectacular for our industry, the thousands of people who either […]

Read More