WASHINGTON (Reuters) – U.S. employment growth slowed further in August and permanent job losses increased as money from the government started running out, raising doubts on the sustainability of the economy’s recovery from the deep COVID-19 recession. Nearly a fifth of the job gains reported by the Labor Department on […]
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Thailand’s Finance Minister Resigns Less Than Month Into Job
(Bloomberg) — Thailand’s finance minister resigned less than a month after he took office, injecting more uncertainty into an economy already reeling from its worst crisis in decades. The nation’s currency tumbled the most since July. The resignation of Predee Daochai, a former co-president of Kasikornbank Pcl, will be effective […]
Toughest Finance Job in India Keeps Yes Bank CEO Awake at Night
(Bloomberg) — Late in the evening of March 5, Prashant Kumar took an unexpected call from his boss at State Bank of India. He was offered the job of rescuing the country’s most troubled private-sector bank, and — if he accepted — told to report for work at 8 a.m. […]