Trump: order on pre-existing conditions a 'double safety net' despite Obamacare law - Reuters
WASHINGTON (Reuters) - President Donald Trump said on Monday an executive order requiring health insurance companies to cover patients with pre-existing conditions would emphasize Republican support for the practice even though it is already part of existing law.
Trump said on Friday he planned to pursue such an order in
Dollar inches higher after stalemate in pandemic aid talks - Reuters
NEW YORK (Reuters) - The dollar fell from one-week highs and the euro topped $1.18 on Tuesday as investors flocked to currencies that benefit from an improving global market outlook, with the S&P 500 nearing a record high and investor sentiment in Germany rising more than expected.
Aside from the euro, sterling and
Hong Kong's Apple Daily vows to fight on after owner arrested - Reuters
HONG KONG (Reuters) - Hong Kong’s Apple Daily tabloid responded with defiance on Tuesday to the arrest of owner Jimmy Lai under a new national security law imposed by Beijing, promising to fight on in a front-page headline over an image of Lai in handcuffs.
Lai was released on bail in the early hours of Wednesday morning, flanked by his lawyers, and greeted by a throng of supporters who chanted “fight till the end” and “support apple, have an apple a day”, referring to
Japan banks keep lending at record pace in July as pandemic pain persists - Reuters UK
TOKYO (Reuters) - Japanese bank lending hit a record high in July as regional lenders continued to boost loans to small firms hit by the coronavirus pandemic, central bank data showed on Tuesday.
But the annual pace of increase in major banks’ lending slowed as funding demand from big firms eased, suggesting that the wall of money printed by the Bank of Japan has helped address immediate corporate funding strains.
Total lending by banks and “shinkin” credit unions rose 6.3% in July compared with a year earlier,
Tencent Music executive says 'premature' to speculate over U.S. delisting - Reuters
HONG KONG/SHANGHAI (Reuters) - Tencent Music ( TME.N ) said on Tuesday that it was “premature” to speculate over a potential delisting, in response to a question on whether it had a plan to react to a recommendation from the Trump administration over auditing U.S.-listed Chinese firms.
The company’s Chief Strategy Officer Tony Yip made the comments during an analyst briefing after its quarterly results.
U.S. Treasury Secretary Steven Mnuchin said on Monday companies from China and other countries
Oil gains on U.S. stimulus hopes and demand recovery - Reuters
NEW YORK (Reuters) - Oil prices fell about 1% on Tuesday after rising earlier in the session as hopes dimmed for a swift stimulus package to relieve the U.S. economy as coronavirus cases increased globally.
Brent crude LCOc1 futures fell 49 cents, or 1.1%
Asian stocks shrug off Sino-U.S. tension to resume gains - Reuters
NEW YORK (Reuters) - A gauge of global equity markets ended little changed on Tuesday, hamstrung by a late sell-off on Wall Street prompted by mounting uncertainty about more fiscal stimulus.
U.S. stocks retreated from near record highs after Senate Majority Leader Mitch McConnell, a Republican,
UAW president, Sanders divided over convention event - Reuters
WASHINGTON/NEW YORK (Reuters) - The largest U.S. auto union and onetime Democratic presidential candidate Senator Bernie Sanders clashed Monday ahead of what is billed as this month’s planned celebration of party unity to defeat President Donald Trump in the November elections.
United Auto Workers
Derecho winds tear through U.S. farmland, leave 500,000-plus without power - Reuters
CHICAGO (Reuters) - A storm packing hurricane-force winds tore across the U.S. Midwest on Monday, causing widespread property damage in cities and rural towns and leaving more than half a million homes and businesses without power.
The storm compounded troubles for a U.S. farm economy already battered by extreme weather, the U.S.-China trade war and most recently, the disruption caused to labor and consumption by the COVID-19 pandemic.
Winds as high as 100 miles per
Singapore downgrades second quarter GDP as lockdown measures hurt - Reuters
SINGAPORE, Aug 11 (Reuters) - Singapore’s economy contracted more than initially estimated in the second quarter due the lockdown measures to curb the spread of the coronavirus, official data showed on Tuesday.
Gross domestic product (GDP) fell 13.2% year-on-year in the second quarter, the ministry of trade and industry said on Tuesday, versus the 12.6% drop seen in the government’s advance estimate.
Analysts expected a 13.2% contraction, according