Edition:
United States

Koh Gui Qing

U.S. lawmakers, Bank of America urge small-business agency to fix erroneous PPP loan data

Jul 29 2020

WASHINGTON Bank of America Inc (BAC.N), the second-largest U.S. lender, has asked the Trump administration to correct data meant to offer public accountability on the recipients of $520 billion in pandemic aid, and a group of U.S. Democratic lawmakers has written to demand action before more funds are allocated.

U.S. lawmakers, Bank of America press small business agency to fix PPP lending data

Jul 28 2020

WASHINGTON, July 28 Bank of America Inc, the second-largest U.S. lender, has asked the Trump administration to correct data meant to offer public accountability on the recipients of $520 billion in pandemic aid designed to preserve jobs, and a group of U.S. Democratic lawmakers has written to demand action before more funds are distributed.

Pandemic aid watchdog steps into partisan war over bailouts

Jun 26 2020

Brian Miller would have one of the toughest jobs in Washington even without the cutthroat politics all around him. As America’s inspector general for pandemic relief, he’s charged with rooting out fraud in the spending of trillions of dollars in emergency aid.

New U.S. pandemic watchdog says data, tech issues challenge oversight work

Jun 17 2020

WASHINGTON/NEW YORK U.S. government agencies overseeing everything from airlines to hospitals face steep hurdles in tracking and monitoring $2.4 trillion in taxpayer-funded novel coronavirus relief aimed at propping up the U.S. economy, an interagency government watchdog said on Wednesday.

Trump administration is blocking COVID stimulus oversight: government watchdog letter

Jun 15 2020

WASHINGTON/NEW YORK The Trump administration is hindering oversight of over $1 trillion in pandemic stimulus funds, according to a watchdog group tasked by Congress to detect fraud and misuse of federal aid aimed at mitigating economic fallout from coronavirus.

Stocks slip as markets await Trump's Hong Kong response

May 28 2020

SINGAPORE/NEW YORK Asia's stock markets pulled back and major currencies were held in check on Friday, as investors await the U.S. response to China tightening control over the city of Hong Kong.

GLOBAL MARKETS-Stocks slip as markets await Trump's HK response

May 28 2020

SINGAPORE/NEW YORK, May 29 Asia's stock markets pulled back and major currencies were held in check on Friday, as investors await the U.S. response to China tightening control over the city of Hong Kong.

GLOBAL MARKETS-Asian stocks turn red as Hong Kong tensions sour mood

May 28 2020

TOKYO/NEW YORK, May 28 Asian shares erased gains and the yuan languished on Thursday on growing worries China's planned security law for Hong Kong would spark a broader diplomatic confrontation with the United States.

Stocks gain on economic hopes, but Hong Kong risk clouds outlook

May 27 2020

TOKYO/NEW YORK Asian shares and U.S. stock futures rose on Thursday as growing optimism about a global economic recovery from the coronavirus pandemic trumped immediate concerns about a standoff between the United States and China over Hong Kong.

GLOBAL MARKETS-Stocks gain on economic hopes, but Hong Kong risk clouds outlook

May 27 2020

TOKYO/NEW YORK, May 28 Asian shares and U.S. stock futures rose on Thursday as growing optimism about a global economic recovery from the coronavirus pandemic trumped immediate concerns about a standoff between the United States and China over Hong Kong.

World News