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stimulus-package

US Congress edges toward approval of $900 bn stimulus package
Business 5 years ago

US Congress edges toward approval of $900 bn stimulus package

The Senate was to take up the bill next and send it on to Trump, who must sign it for it to take effect.
US lawmakers reach deal on $900 bn stimulus package
World 5 years ago

US lawmakers reach deal on $900 bn stimulus package

The package includes aid for vaccine distribution and logistics, extra jobless benefits of $300 per week, and a new round of $600 stimulus checks -- half the amount provided in checks distributed in March under the CARES Act.
Japan's record $1 trln budget highlights COVID-19 challenge to growth, debt
Business 5 years ago

Japan's record $1 trln budget highlights COVID-19 challenge to growth, debt

Japan’s cabinet approved on Monday a record US$1.03 trillion budget draft for the next fiscal year starting in April 2021, the Ministry of Finance said, as the coronavirus and stimulus spending puts pressure on already dire public finances.
Congress nears US spending deal, Fed more upbeat on outlook
Business 5 years ago

Congress nears US spending deal, Fed more upbeat on outlook

The 17 members of the central bank's Federal Open Markets Committee (FOMC) also offered a slightly better forecast for growth and employment for the next two years.
Indonesia’s foreign debt rises to $413b in October
Business 5 years ago

Indonesia’s foreign debt rises to $413b in October

Indonesia’s external debt, which includes government and private-sector borrowings, increased 3.3 percent year-on-year (yoy) in October, lower than 3.8 percent yoy growth recorded in September.
Asian stocks dip as investors curb vaccine enthusiasm
Business 5 years ago

Asian stocks dip as investors curb vaccine enthusiasm

The lackluster start to the Asian day comes after the S&P 500 closed down 0.4 percent, the Nasdaq Composite gained 0.5 percent and the Dow Jones Industrial Average hit a record high but fell back 0.6 percent for the day.
Lawmakers push bipartisan US stimulus plan to break stubborn deadlock
Business 5 years ago

Lawmakers push bipartisan US stimulus plan to break stubborn deadlock

The proposal would follow up on the $2.2 trillion CARES Act rescue package passed in the COVID-19 pandemic's early days, which was credited with keeping the US economy from a more severe downturn.
Trump administration makes new $916 billion offer for COVID-19 aid
Business 5 years ago

Trump administration makes new $916 billion offer for COVID-19 aid

The Trump administration proposed a US$916 billion coronavirus relief package on Tuesday, after congressional Democrats shot down a suggestion for a pared-down plan from the Senate’s leading Republican, Majority Leader Mitch McConnell.
Indonesia spends $45 million to procure millions of vaccine doses from China this year
Business 5 years ago

Indonesia spends $45 million to procure millions of vaccine doses from China this year

Indonesia has spent Rp 637.3 billion (US$45 million) to procure a coronavirus vaccine from China as the government prepares for a mass vaccination program. The country received its first vaccine shipment on Sunday.
Asian markets mostly up on vaccine, stimulus optimism
Business 5 years ago

Asian markets mostly up on vaccine, stimulus optimism

Oil prices extended gains, with investors relieved that OPEC and other major producers had reached an agreement to increase output but at a much slower pace than had been feared.
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