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News

08 May Slowly easing the lockdown and the rising costs

Posted at 06:00h in News by KMFSLLP 0 Comments

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Boris Johnson will set his exit strategy on Sunday, but changes will be limited

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08 May Bankruptcy court approves Neiman Marcus’ plea to access financing

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U.S. luxury department store chain Neiman Marcus Group said on Friday it received court approval to access $675 million of its debtor-in-possession financing, which will allow continuity of the company's business during Chapter 11 bankruptcy proceedings and enable it to pay employees and vendors.

08 May Germany’s Altmaier wants Europe to be less dependent on other countries

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The coronavirus pandemic has shown Europe is too reliant on other countries for some medical supplies, and European states should work together to further diversify international supply chains, German Economy Minister Peter Altmaier told Reuters.

08 May Morocco’s Attijariwafa Bank Q1 profit falls 23.8%

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Attijariwafa Bank, one of Morocco's biggest lenders, reported on Friday a 23.8% drop in net profit attributable to shareholders to 1.1 billion dirhams ($110 mln) in the first quarter this year.

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08 May WRAPUP 1-No ‘V’-shape return from devastating U.S. job loss, Fed policymakers say

Posted at 01:12h in News by KMFSLLP 0 Comments

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As many parts of the world's biggest economy begin to reopen after weeks of stay-at-home orders that slowed the spread of the coronavirus but gutted jobs, Americans should not expect a quick return to growth, U.S. Federal Reserve officials said on Friday.

08 May UPDATE 2-U.S. small business rescue program ignored Congress -watchdog

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The U.S. government's $660 billion program to rescue small businesses hit by the coronavirus pandemic thwarts the intention of Congress by making it hard for some borrowers to convert loans to grants and failing to prioritize the right businesses, a government watchdog said on Friday.

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08 May UPDATE 1-Republicans urge Trump to bar banks from shunning fossil fuel loans

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A group of Republican lawmakers from energy-producing states on Friday called on President Donald Trump to prevent banks from halting loans and investments with companies that produce oil and other fossil fuels while they have access to federal assistance programs during the COVID-19 pandemic.

07 May U.S. economic reopening should be gradual – Fed’s Daly tells CNN

Posted at 23:51h in News by KMFSLLP 0 Comments

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The United States should reopen its economy gradually, but it can't let the return to full employment take a decade or more the way it did during the recovery from the last crisis, the San Francisco Federal Reserve Bank President Mary Daly said on Friday.

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07 May UPDATE 1-Fed’s Kashkari says rescue aid should be targeted to make it last

Posted at 23:13h in News by KMFSLLP 0 Comments

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Minneapolis Federal Reserve Bank President Neel Kashkari on Friday said the U.S. government should funnel aid to those who need it most so that its funds can last the one to two years it will take before the coronavirus pandemic can be brought under control and the economy can...

07 May Fed’s Kashkari says rescue aid should focus on most needy

Posted at 22:32h in News by KMFSLLP 0 Comments

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Minneapolis Federal Reserve Bank President Neel Kashkari on Friday said the U.S. government should funnel aid to those who need it most so that its funds can last the one to two years it will take before the virus can be brought under control and the economy can fully...

News

08 May Slowly easing the lockdown and the rising costs

08 May Bankruptcy court approves Neiman Marcus’ plea to access financing

08 May Germany’s Altmaier wants Europe to be less dependent on other countries

08 May Morocco’s Attijariwafa Bank Q1 profit falls 23.8%

08 May WRAPUP 1-No ‘V’-shape return from devastating U.S. job loss, Fed policymakers say

08 May UPDATE 2-U.S. small business rescue program ignored Congress -watchdog

08 May UPDATE 1-Republicans urge Trump to bar banks from shunning fossil fuel loans

07 May U.S. economic reopening should be gradual – Fed’s Daly tells CNN

07 May UPDATE 1-Fed’s Kashkari says rescue aid should be targeted to make it last

07 May Fed’s Kashkari says rescue aid should focus on most needy

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