Author: KMFSLLP

A number of big-borrowing developing countries came into the coronavirus crisis with vulnerabilities due to their economies' reliance on foreign bank short-term funding, a Bank for International Settlements analysis has shown.

U.S. Treasury Secretary Steven Mnuchin warned on Wednesday that companies that received coronavirus rescue money intended for small businesses could be investigated if it appears they did not really need the money.

Tanzania's President John Magufuli called on international creditors on Wednesday to cancel debts owed by African nations to enable them use the savings to battle the coronavirus.

Buyout firm Sycamore Partners disclosed on Wednesday it had walked away from a $525 million deal to acquire a majority stake in Victoria's Secret, after the lingerie brand shut down stores and furloughed staff in response to the coronavirus outbreak.

Boeing Co was sued for $336 million on Wednesday by a Kuwaiti leasing company that accused it of wrongly refusing to return advance payments on a now-canceled order for 40 of its troubled 737 MAX planes.

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The U.S. is probing whether traders with inside information on Russia's discussions with other oil producing countries profited from illegal wagers on crude price swings, Bloomberg News reported on Wednesday, citing people close to the matter.

The United States Oil Fund LP, the largest oil-focused exchange-traded product (ETP) in the country, is moving to spread out its investments in oil futures in response to extreme market turbulence, it said in a filing https://bit.ly/2XWrj3L%E2%80%8B%E2%80%8B%E2%80%8B%E2%80%8B%E2%80%8B%E2%80%8B%E2%80%8B on Wednesday.

Whitty warns against lifting lockdown as health secretary vows to ‘reopen NHS’ and ramp up testing

European Union leaders will move on Thursday towards joint financing of a recovery after the COVID-19 pandemic by asking the European Commission to propose a fund sufficiently big for the job that targets the most affected sectors and regions.

The Republican leader of the U.S. Senate said on Wednesday that Congress may decide to provide additional assistance to state and local government as part of another coronavirus relief bill, but that any aid needs to focus on the pandemic.