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Financial Post (Canada) 09/19/2020 08:02
(Bloomberg) — While many investors are zeroing in on the U.S. presidential election in November, a trickier political equation could be even more important in determining winners and losers in markets: which party controls the Senate. Many political analysts at this point expect the Democratic Party to remain the majority in the House of Representatives […]
Financial Post (Canada) 09/19/2020 06:35
BUDAPEST — Hungary will extend a moratorium on loan repayments for some households and companies until the middle of 2021, as its finance minister warned the economy could struggle to grow next year unless a coronavirus vaccine is found. Prime Minister Viktor Orban introduced the moratorium for all companies and private borrowers in March as […]
Financial Post (Canada) 09/19/2020 00:59
(Bloomberg) — Thailand may avoid its worst-ever economic performance by boosting cash handouts to pandemic-hit citizens and accelerating government spending in the final quarter, according to Deputy Prime Minister Supattanapong Punmeechaow. Southeast Asia’s second-largest economy may shrink less than 7.5% this year with the help of various stimulus measures and barring a major second wave […]
Financial Post (Canada) 09/18/2020 23:19
(Bloomberg) — Justin Trudeau’s main rival tested positive for coronavirus five days before the Canadian prime minister is scheduled to unveil a new agenda that could trigger an election. Conservative Leader Erin O’Toole received the diagnosis late Friday, according to a statement from the party. A staff member he traveled with contracted Covid-19 earlier in […]
Financial Post (Canada) 09/18/2020 22:46
BEIJING — China’s commerce ministry on Saturday issued rules on unreliable entities list to target foreign firms endangering China’s national sovereignty and security. China will prohibit foreign firms listed as unreliable entities from engaging in import, export and investment in China, the ministry said. (Reporting by Leng Cheng and Kevin Yao; Editing by Michael Perry)
Financial Post (Canada) 09/18/2020 21:14
(Bloomberg) — The pharmaceutical industry rejected plans by the Trump administration to send one-time drug savings cards to seniors before the November elections. In a deal with the White House, drugmakers were expected to spend $150 billion to offset out-of-pocket consumer costs and co-payments to help elderly Americans, the New York Times reported Friday. The […]

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