(Bloomberg) — Singapore’s central bank is likely to keep monetary policy unchanged Wednesday as it allows fiscal measures to do the heavy lifting in getting the city-state’s economy back on track.

The Monetary Authority of Singapore, which uses the currency as its main policy tool rather than interest rates, probably will refrain from changing any of the three currency band settings, according to all 19 economists surveyed by Bloomberg.

chart: Singapore Monetary Policy History

© Bloomberg
Singapore Monetary Policy History

The MAS — which typically makes policy decisions twice a year, in April and October — took the unprecedented step in its last announcement of lowering the midpoint of the currency band and reducing the slope to zero. That meant it would allow for a weaker exchange rate to head off deflation and support the export-reliant economy.


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Since then, the economy has plunged into recession amid the pandemic and the government has unleashed

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MMA fighters often pay huge tolls when engaging in violent brawls in the cage, and that’s something to which Markus Perez aspires.

Markus Perez faces UFC newcomer Dricus Du Plessis in Abu Dhabi.

© Jose Youngs, MMA Fighting
Markus Perez faces UFC newcomer Dricus Du Plessis in Abu Dhabi.

Perez had a several UFC fights cancelled over the past few months before booking a middleweight showdown with newcomer Dricus Du Plessis on Saturday night at UFC Fight Island 5 in Abu Dhabi. Dealing with so many frustrations has him eager to fulfill a longtime dream: a bloody war.

“Not that I see (my stand-up) as the best path to victory, but that’s how I want to fight,” Perez said in an interview with MMA Fighting. “I want to brawl, I want to punch him. I’m training for seven months, and now I’m going to grapple and take him down? I wanna fight, I want a brawl. I want to trade punches.”

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(Bloomberg) — Ontario is forcing businesses to close or reduce operations in three major cities after Covid-19 cases hit a record high on the eve of the Canadian Thanksgiving weekend.

Canada’s largest province ordered indoor businesses including bars, gyms, casinos, movie theaters and restaurant dining rooms to close for 28 days, starting Saturday at 12:01 a.m. The measure applies to Toronto, Ottawa and Peel, a suburban region west of Toronto.

The government is also asking residents to leave their homes only for essential trips, Premier Doug Ford said at a news conference that followed an emergency cabinet meeting. He said the province would set aside C$300 million ($228 million) to help affected companies.

“It was the single toughest decision I’ve made since taking office, bar none,” said Ford, who added he was up all night thinking about it.

a child looking at the camera: Scotiabank Arena As Maple Leaf Sports & Entertainment Prepares Meals For Healthcare Workers

© Bloomberg
Scotiabank Arena As Maple Leaf Sports & Entertainment Prepares Meals

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VANCOUVER, British Columbia, Sept. 09, 2020 (GLOBE NEWSWIRE) — Almaden Minerals Ltd. (“Almaden” or “the Company”; TSX: AMM; NYSE American: AAU) is pleased to report that the second district court in Puebla (the “Court”) has issued a decision in respect of the “incident” filed by Almaden’s Mexican subsidiary on February 4 of this year.

As reported previously by the Company (see press release of February 27, 2020), Almaden’s subsidiary filed this “incident” to challenge an October, 2019 decision by Mexico’s environmental authority (“SEMARNAT”) to suspend its review of the Ixtaca project’s environmental permit application (“MIA”) until resolution of legal proceedings (the “Amparo”) regarding certain of the Company’s mineral concessions which encompass the area of the Ixtaca project.  In April 2019, a lower court ruling in the Amparo found Mexico’s mineral title system unconstitutional. That ruling has been appealed by each of the Mexican Congress, Senate,

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(Bloomberg) — Thailand’s central bank is set to keep its benchmark interest rate unchanged at an all-time low Wednesday as it calls on the government to use fiscal stimulus to spur the pandemic-hit economy.


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All 21 economists in a Bloomberg survey predict the Bank of Thailand will keep the key rate at 0.5% after reducing it three times earlier this year.

Policy makers are keen to preserve their limited ammunition to respond to any further downturn as the coronavirus pandemic continues to spread and weigh on global growth. Governor Veerathai Santiprabhob, who will leave his post at the end of September, played down the possibility of more rate cuts in a recent interview, saying fiscal policy can play a greater role in reviving the economy.

“While continued accommodative policy settings are warranted, I think the BOT’s priority now is on improving the effectiveness of current policy measures,” such

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The Board of Visitors at Virginia Commonwealth University (VCU) certainly is within its rights to decide which historical symbols should remain on campus and which should go. A recent story in the Richmond Times-Dispatch reports that the board has chosen to remove 16 symbols honoring those who supported the Confederacy. Well and good. But what I found interesting is the lack of logic in the remarks of those explaining the university’s decision.

Take, for instance, a quote by VCU President Michael Rao. “We must be dedicated to the truth.” Whatever one’s opinion of the Confederacy might be, the truth is it existed. Why hide it? In the news story, Rao says the process to get rid of Confederate symbols “… allows the community to see a more complete view of its history.” More complete? Really?

According to the article, for three years, VCU’s officials had been trying to decide how

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Tens of thousands of British businesses are awaiting news from their insurers on how they will respond to a landmark legal ruling on business interruption cover triggered by the coronavirus crisis.

The High Court on Tuesday ruled that some insurers had been wrong to deny claims for losses caused by Covid-19. The decision could lead to the payment of hundreds of millions of pounds to businesses such as bars, restaurants and theatres.

The Financial Conduct Authority, the financial services regulator, which brought the case against eight insurers on behalf of their customers, said the ruling was “a significant step in resolving the uncertainty being faced by policyholders”.

But the insurers, which include Hiscox, RSA and Zurich, may decide to appeal to the Supreme Court. That appeal, even if fast-tracked, might take months, and could work to the companies’ advantage.

“The policyholders are likely to have suffered cash flow issues and

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U.S. equity markets were mixed as investors awaited the latest policy decision from the Federal Reserve.

The Dow Jones Industrial Average gained 86 points, or 0.31%, in the opening minutes of trading while the S&P 500 and the Nasdaq Composite were 0.34% and 0.24%, respectively.

The Federal Reserve is widely expected to keep interest rates and policy on hold as it continues to monitor the U.S. economy’s rebound from the sharpest slowdown of the post-World War II era.

Looking at stocks, mega-cap tech stocks that have driven the market, including Apple Inc., Amazon Inc. and Tesla Inc. traded mixed.

A CFIUS decision on Oracle Inc.’s “trusted tech partnership” with Chinese-owned social media app TikTok is imminent.

Nikola Corp. shares were lower for the fourth time in five days

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Elon Musk with his mouth open: Elon Musk. AP Photo/Susan Walsh

© AP Photo/Susan Walsh
Elon Musk. AP Photo/Susan Walsh

  • Tesla’s exclusion from the S&P 500 index on Friday was a “brave” decision by the index committee, DataTrek said in a note on Wednesday.
  • The note said that the exclusion of the mega-cap electric-vehicle manufacturer surprised DataTrek’s cofounder Nicholas Colas and that the committee’s decision could have come only from a collective view that Tesla is “profoundly overvalued.”
  • Relative to its peak market cap of $465 billion, Tesla “sits on shakier fundamentals,” likely contributing to the committee’s decision to exclude Tesla, the note said.
  • Tesla traded at a trailing 12-month price-earnings multiple of 913x on Wednesday, according to data from YCharts.com.
  • Visit Business Insider’s homepage for more stories.

Tesla’s exclusion from the S&P 500 index on Friday was a surprise to many, given that the mega-cap electric-vehicle manufacturer ticked off all the eligibility requirements.


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Tesla on Tuesday fell 21%

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