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02 Apr UPDATE 1-CMC says revenue doubled in year to end-March, bolstered by virus sell-off

Posted at 06:35h in News by KMFSLLP 0 Comments

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Online trading firm CMC Markets said on Friday its annual net trading revenue almost doubled in the year ended March 31, as the past month's selloff in financial markets due to the coronavirus boosted transaction volumes.

02 Apr Britain’s Nationwide says business banking plan now unviable

Posted at 06:32h in News by KMFSLLP 0 Comments

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Nationwide Building Society, one of Britain's biggest lenders, is abandoning plans to enter the business banking market, saying the coronavirus epidemic has made it commercially unviable.

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02 Apr China regulator condemns Luckin Coffee financial misconduct, says will investigate

Posted at 06:27h in News by KMFSLLP 0 Comments

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China's securities regulator said on Friday it strongly condemns financial misconduct by Luckin Coffee.

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02 Apr CMC says revenue doubled in year to end-March, helped by virus sell-off

Posted at 06:19h in News by KMFSLLP 0 Comments

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Online trading firm CMC Markets said on Friday its annual net trading revenue almost doubled in the year ending March 31, as the past month's selloff in financial markets due to the coronavirus boosted transaction volumes.

02 Apr Rwanda secures $109 million IMF loan to tackle coronavirus

Posted at 06:18h in News by KMFSLLP 0 Comments

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Rwanda has secured a $109.4 million in emergency coronavirus funding from the International Monetary Fund, the first African country to do so, the fund said late on Thursday.

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02 Apr Indonesian firms face $4 bln debt wall as rupiah slides

Posted at 06:11h in News by KMFSLLP 0 Comments

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A plunge in the rupiah could leave Indonesian firms exposed to $4 billion in debt next year, after credit ratings agencies hit some companies this week with another round of credit downgrades as the coronavirus pandemic chokes economic activity.

02 Apr UPDATE 2-China says has ample policy tools to cope with coronavirus impact

Posted at 06:07h in News by KMFSLLP 0 Comments

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China has ample policy tools to support the virus-hit economy, but it will tread warily in cutting the benchmark deposit rate due to elevated inflation and the potential impact on ordinary savers, Liu Guoqiang, a vice central bank governor, said on Friday.

02 Apr Germany: ESM aid should be disbursed without lengthy visits from officials

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

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Euro zone states that need aid from the bloc's bailout fund to tackle the coronavirus should get it quickly and be first subjected to visits from officials proposing policies like during the euro zone crisis, Germany's finance minister said.

02 Apr Russian services sector shrinks at fastest pace in 11 years in March -PMI

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

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Russia's services sector shrank at the fastest rate in 11 years in March as the coronavirus outbreak hammered new business at home and abroad, a business survey showed on Friday.

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02 Apr UPDATE 1-China-backed AIIB proposes $5 bln funding line for coronavirus crisis

Posted at 05:19h in News by KMFSLLP 0 Comments

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Beijing-backed Asian Infrastructure Investment Bank (AIIB) said on Friday it was proposing to its board to form a $5 billion financing facility to help public and private sector entities navigate the coronavirus pandemic.

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News

02 Apr UPDATE 1-CMC says revenue doubled in year to end-March, bolstered by virus sell-off

02 Apr Britain’s Nationwide says business banking plan now unviable

02 Apr China regulator condemns Luckin Coffee financial misconduct, says will investigate

02 Apr CMC says revenue doubled in year to end-March, helped by virus sell-off

02 Apr Rwanda secures $109 million IMF loan to tackle coronavirus

02 Apr Indonesian firms face $4 bln debt wall as rupiah slides

02 Apr UPDATE 2-China says has ample policy tools to cope with coronavirus impact

02 Apr Germany: ESM aid should be disbursed without lengthy visits from officials

02 Apr Russian services sector shrinks at fastest pace in 11 years in March -PMI

02 Apr UPDATE 1-China-backed AIIB proposes $5 bln funding line for coronavirus crisis

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