U.S. President-elect Joe Biden said his labor secretary nominee, Boston Mayor Marty Walsh, understands that unions built the American middle class and will encourage unionization.
Boeing Co has approached a group of banks for a new $4 billion revolving credit facility, according to a person familiar with the matter, as the planemaker battles a prolonged slowdown in commercial air travel due to the COVID-19 pandemic.
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MOSCOW (Reuters) - Russia’s biggest bank Sberbank missed its pre-pandemic profit target with a 10% decline in net profit last year due to provisions against bad loans, but pledged to maintain its dividend payout, helped by efforts to contain costs.
FILE PHOTO: The logo of Russia s largest lender Sberbank in one of its offices in Moscow, Russia, December 24, 2020. REUTERS/Maxim Shemetov
The coronavirus crisis and a sharp drop in the price of oil, Russia’s key export, have pressured the banking sector and prompted lenders to set more money aside against potential bad loans in the face of economic contraction and a weaker rouble.
U.S. stock index futures turned negative on Friday, with longer-dated Treasury yields jumping after data showed jobs growth accelerated at a faster-than-expected rate in February.
The U.S. Senate voted on Thursday to take up President Joe Biden's $1.9 trillion coronavirus aid bill, but put off the start of a contentious debate until the full text of the 628-page bill was read aloud.