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China's CDB Financial scraps purchase of 29 Boeing 737 MAX jets

China Development Bank (CDB) Financial Leasing Co said on Monday it had agreed with Boeing Co to cancel the purchase of 29 undelivered 737 MAX jets, adding to a string of recent cancellations of the grounded airplane.



4 years ago

Coronavirus relief deal for U.S. small businesses may come Monday, Trump says

U.S. Democrats and Republicans are near agreement on extra money to help small businesses hurt by the coronavirus pandemic and could seal a deal as early as Monday, President Donald Trump said on Sunday.



4 years ago

With economy in crisis, U.S. lets importers delay some tariff payments

The Trump administration on Sunday said it would allow importers hit by the national health crisis to defer for three months any tariff payments they owe the government.



4 years ago

Beer may lose its fizz as CO2 supplies go flat during pandemic

Dwindling supplies of carbon dioxide from ethanol plants is sparking concern about shortages of beer, soda and seltzer water - essentials for many quarantined Americans.



4 years ago

Exclusive: Amazon deploys thermal cameras at warehouses to scan for fevers faster

Amazon.com Inc has started to use thermal cameras at its warehouses to speed up screening for feverish workers who could be infected with the coronavirus, employees told Reuters.



4 years ago

New York City businesses are staying open by pitching into coronavirus relief efforts and going virtual

NYC businesses have been creating face shields, masks and hand sanitizer as their other businesses run dry.

4 years ago

Activist investors are set to capitalize on the market turmoil, so here's a way to track them

Ken Squire will be writing about activist investors weekly for CNBC.

4 years ago

These financial advisors applied for the PPP loan. They share some lessons learned

Three financial advisors share how they have helped clients apply for emergency funding through the Paycheck Protection Program, and sought aid for their practices.

4 years ago

Your biggest questions answered as coronavirus stimulus payments reach bank accounts

Millions of Americans have their coronavirus stimulus payments in their hands, while millions of others are still waiting to see the money. Regardless of which camp you are in, you probably have questions about how the payments work. Here's what readers have told us they most want to know now.

4 years ago

China’s digital currency app looks like Alipay and WeChat Pay

Abacus | by South China Morning Post | Apr 15, 2020 A screenshot of the app circulating online likely isn't the final version of the digital currency, which is expected to be tightly controlled instead of decentralized like bitcoin A screenshot of the user interface for China’s long-awaited sovereign digital currency has begun circulating on

4 years ago

Credit Science: the new discipline OakNorth created to redefine borrowing for the Missing Middle

The Fintech Times | Manisha Patel | Apr 18, 2020 When it comes to commercial lending, credit analysis is an essential part of the process. Banks use it to assesses the ability of a business to sustain a certain level of debt and repay its loan. A bank can only lend money if it understands

4 years ago

U.S. banks seek term changes as Fed finalizes Main Street Lending Program

U.S. banks are pushing the Federal Reserve to change the terms of a $600 billion lending program for small and medium-sized businesses, including reducing minimum loan sizes and allowing more flexibility on underlying reference rates, industry groups said.



4 years ago

Oil mixed as shrinking China economy overshadows Trump plan to ease U.S. coronavirus lockdown

Oil prices were mixed on Friday after the weakest Chinese economic data in decades showed the impact of the coronavirus pandemic, offsetting some earlier gains on optimism for President Donald Trump's early plans to revive the U.S. economy.



4 years ago

Amazon France CEO hopes can reopen warehouses 'very quickly'

Amazon does not know when its warehouses in France might reopen but hopes it can be soon, the head of its French business said on Friday.



4 years ago

Tata Consultancy shares rise on deal wins, hiring promise

Shares of Tata Consultancy Services Ltd rose as much as 7.9% on Friday as investors shrugged off the software service firm's warning on coronavirus risks to focus on sales wins and its promise to push ahead with hiring this year.



4 years ago