Posted at 22:58h
in
News
by KMFSLLP
China's efforts to
pump 800 billion yuan ($118 billion) into companies via cheap
bank loans to counter the economic impact of the virus outbreak
have run into a snag: bureaucratic confusion.
...
Posted at 22:46h
in
News
by KMFSLLP
The U.S. Federal Reserve's
balance sheet reached a record $4.7 trillion this week and banks
grabbed cut rate loans from the central bank as efforts to blunt
the economic damage of a global health crisis took hold.
Posted at 22:40h
in
News
by KMFSLLP
* Indexes up: Dow 1%, S&P 500 0.5%, Nasdaq 2.3%
(Updates with Bank of America recession forecast, S&P 500
market cap)
...
Posted at 21:55h
in
News
by KMFSLLP
Taxable bond funds shed $55.9 billion
in the week to Wednesday, the largest weekly outflow on record
according to Lipper data dating back to 1992, as markets
continued to be roiled by the coronavirus pandemic.
Posted at 21:50h
in
News
by KMFSLLP
Some Amazon
sellers say the online retailer's abrupt decision to stop
receiving non-essential inventory in response to the coronavirus
pandemic could strangle the sales they need to make payments on
their Amazon loans.
...
Posted at 21:46h
in
News
by KMFSLLP
JPMorgan Chase and Co will
temporarily shut about 1,000 bank branches, roughly 20%, to
protect employees and reduce the spread of the coronavirus,
according to a memo the bank sent to employees Wednesday.
Posted at 21:45h
in
News
by KMFSLLP
Australian shares are likely to open
higher on Friday after shedding nearly 10% over the past two
sessions, as investors pin hopes on measures by global central
banks to stem the coronavirus-driven economic damage.
The local share price index futures ...
Posted at 21:30h
in
News
by KMFSLLP
* Indexes up: Dow 1%, S&P 500 0.5%, Nasdaq 2.3%
(Updates close with details on recent selloff in paragraph 11)
...
Posted at 21:23h
in
News
by KMFSLLP
U.S.-based taxable bond funds shed
$55.9 billion in the week to Wednesday, the largest weekly
outflow on record according to Lipper data dating back to 1992.
...
Posted at 21:13h
in
News
by KMFSLLP
Rate cut and torrent of bond buying in ‘absolutely unprecedented’ situation
...
