Author: KMFSLLP

IMF warns of lasting scars from coronavirus and scenario from UK fiscal watchdog sees output fall of 35% 

Fiat Chrysler said on Tuesday it had successfully completed the syndication of a 3.5 billion euro ($3.8 billion)credit facility which it had agreed last month with two banks.

The main things investors wanted to learn from first-quarter results by JPMorgan Chase & Co and Wells Fargo & Co on Tuesday was just how bad the coronavirus recession is going to get and how long it will take to get back to normal.

Brazil's government on Tuesday proposed the direct transfer of 40 billion reais ($7.7 billion) to states and municipalities to help compensate them for the loss of revenue due to the coronavirus crisis, a counter proposal to an 80 billion reais aid package approved by the lower house of Congress on...

No UK proposals for access for European boats included in latest documents sent by London to Brussels

* Central bank cuts rates for second time in two months (Updates with IMF official's comments)

The administrators of troubled hospital operator NMC Health said on Tuesday they had replaced the company's board and asked its main lender, Abu Dhabi Commercial Bank (ADCB), to lead a steering group to discuss cutting its debt pile.

The novel coronavirus outbreak has exposed "cracks" in the global financial system and "will likely" see banks suffer both credit losses and market losses that will test their reserves, the International Monetary Fund (IMF) warned on Tuesday.

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A dramatic jump in equity dividend futures amid the continued rush of dividend cuts from companies desperate to preserve cash is implying growing confidence that shareholder payouts could make a comeback after this year's drought.

* AstraZeneca jumps on coronavirus clinical trial update (Adds comments, updates to close)