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28 Apr UPDATE 3-Lebanon’s Salameh sees no need for deposits haircut, dismisses PM’s rebuke

Posted at 13:37h in News by KMFSLLP 0 Comments

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* $20.9 billion remains in usable liquidity - governor (Adds MP response to Salameh speech)

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28 Apr Canadian banks expected to tighten home equity access as aid measures wind down

Posted at 13:30h in News by KMFSLLP 0 Comments

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Canadian banks are expected to tighten access to home equity lines of credit (HELOCs) when coronavirus-linked government assistance programs end in a few months, as lenders seek to limit credit to already-stretched borrowers, industry watchers said.

28 Apr UPDATE 2-South African retailer Edcon to file for bankruptcy protection

Posted at 13:24h in News by KMFSLLP 0 Comments

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* $108 mln in lost sales since virus outbreak in South Africa

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28 Apr British Airways cabin crew overhaul to drive redundancies – document

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

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British Airways is planning a major overhaul of its cabin crew that will "significantly reduce" their numbers, according to an internal memo circulated on Wednesday, after parent IAG moved to cut as many as 12,000 of the airline's 42,000 staff.

28 Apr UPDATE 1-Mastercard says spending stabilizing as profit beats estimates

Posted at 13:11h in News by KMFSLLP 0 Comments

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Mastercard Inc reported better-than-expected first-quarter earnings and the payment processor said it has started seeing early signs of spending levels stabilizing, even as the novel coronavirus outbreak wreaked havoc on consumer spending.

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28 Apr UPDATE 4-GE warns of more pain ahead as pandemic deals $1 bln cash hit

Posted at 13:07h in News by KMFSLLP 0 Comments

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General Electric Co said on Wednesday the coronavirus pandemic dealt a $1 billion blow to cash flow at its industrial business in the first quarter, while total revenue fell almost 8% and the company warned the damage would worsen in the next three months.

28 Apr COLUMN-China’s metals imports reflect growing supply disruption: Andy Home

Posted at 12:52h in News by KMFSLLP 0 Comments

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China may be on the road to COVID-19 recovery but its giant industrial metals industry faces the new challenge of maintaining global supply chains of raw materials.

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28 Apr General Electric says cut 700 jobs in power unit in first quarter

Posted at 12:40h in News by KMFSLLP 0 Comments

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General Electric Co said on Wednesday it had cut 700 jobs in its power division in the first quarter, and that it was on track to reduce capital expenditure by 25% this year.

28 Apr UPDATE 1-German inflation eases further in April

Posted at 12:40h in News by KMFSLLP 0 Comments

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German annual inflation slowed further in April to well below the European Central Bank's target, data showed on Wednesday, giving the ECB additional leeway to deploy stimulus policy to counter the economic impact of the coronavirus pandemic.

28 Apr UPDATE 2-Anthem profit beats on IngenioRx strength; backs 2020 earnings forecast

Posted at 12:28h in News by KMFSLLP 0 Comments

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Anthem Inc beat quarterly estimates for revenue on Wednesday, helped by the launch of pharmacy benefits business IngenioRx and as more people opted for its health plans.

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News

28 Apr UPDATE 3-Lebanon’s Salameh sees no need for deposits haircut, dismisses PM’s rebuke

28 Apr Canadian banks expected to tighten home equity access as aid measures wind down

28 Apr UPDATE 2-South African retailer Edcon to file for bankruptcy protection

28 Apr British Airways cabin crew overhaul to drive redundancies – document

28 Apr UPDATE 1-Mastercard says spending stabilizing as profit beats estimates

28 Apr UPDATE 4-GE warns of more pain ahead as pandemic deals $1 bln cash hit

28 Apr COLUMN-China’s metals imports reflect growing supply disruption: Andy Home

28 Apr General Electric says cut 700 jobs in power unit in first quarter

28 Apr UPDATE 1-German inflation eases further in April

28 Apr UPDATE 2-Anthem profit beats on IngenioRx strength; backs 2020 earnings forecast

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