Financial

Restaurants ask for more help amid massive Brooklyn closures

Dozens of Brooklyn restaurants have now closed permanently due to the pandemic, with owners claiming they are exhausted just to stay afloat through the winter with “barely any help” from elected officials in one of the worst industries. most popular in New York. “We’re all supported, we’re all broke and …

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US trade deficit hits record high as economy picks up speed

Receive instant alerts when news about your stocks is available. Claim your 1-week free trial for StreetInsider Premium here. By Lucia Mutikani WASHINGTON (Reuters) – The US trade deficit hit an all-time high in February as the country’s economic activity rebounded faster than that of its global rivals and could …

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Definition of parallel loan

What is a parallel loan? A side loan is a four-party arrangement in which two parent companies from different countries borrow money in their local currency and then lend that money to the other’s local branch. The purpose of a parallel loan is to avoid borrowing money from one country …

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