Business News

LONDON (Reuters) — Borrowing costs for U.S. dollars in currency derivatives markets rose on Monday to their highest levels in nearly a year, driven up by the year-end dollar funding rush and the euro’s steady slide against the greenback. Spreads on three-month euro-dollar cross-currency basis…

Bank of Saipan is an official 2021 “Toys for Tots” partner this holiday season. Community members who would like to donate toys to the “Toys for Tots” program can drop off their donation at Bank of Saipan. The “Toys for Tots” program is a charitable initiative hosted by the U.S. Marine Corps Reserv…

WASHINGTON (Reuters) — Federal Reserve Chair Jerome Powell was nominated for a second four-year term by President Joe Biden on Monday, extending a tenure that began somewhat by chance, survived blistering criticism from former President Donald Trump, and now positions the ex-investment banker to fi…

WASHINGTON (Reuters) — Corporate America mounted fresh attacks on Friday on President Joe Biden’s antitrust enforcers who have vowed to rein in anticompetitive practices and vigorously investigate corporate crime. The Chamber of Commerce wrote three letters and filed more than 30 Freedom of I…

(Reuters) — Disney World near Orlando, Florida, operated by Walt Disney Co, has put its Covid-19 vaccination mandate on hold, a spokesperson said on Saturday. The move comes amid the Biden administration’s workplace Covid-19 vaccine rule, which requires businesses with at least 100 employees …

(Reuters) — Federal Reserve policymakers are publicly debating whether to withdraw support for the U.S. economy more quickly to deal with surging inflation, with one of the central bank’s most influential officials signaling on Friday that the idea will be on the table at the Fed’s next…

THE second session of the infrastructure recovery training took place this week at Aqua Resort Club with 40 participants. The first training session was conducted by the newly created Infrastructure Recovery Program in coordination with the Federal Emergency Management Agency’s Building Sciences Mi…

COLONIA, Yap (Press Release) — Manta Ray Bay Resort & Yap Divers has been voted the #1 resort in the Pacific/Indian Ocean region in the value-for-money category in Scuba Diving magazine’s annual readers’ poll of the best destinations, dive resorts, dive operators and liveaboard vessels. To give…

WASHINGTON (Reuters) — The number of Americans filing new claims for unemployment benefits fell close to pre-pandemic levels last week as the labor market recovery continues, though a shortage of workers remains an obstacle to faster job growth. The weekly unemployment claims report from the Labor …

THE CNMI Small Business Development Center will host a free virtual training on preparing a marketing plan for new and aspiring business owners. It will take place on Friday, Nov. 19, from 2 p.m. to 4 p.m. SBDC aims to equip participants with the tools that will help them create and implement a mar…