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22 Apr UPDATE 4-EU seeks multi-trillion euro fund to recover from coronavirus

Posted at 14:58h in News by KMFSLLP 0 Comments

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* Many fear impoverished EU will undermine its common market (Adds Lagarde, detail on EU states squabbling over medical supplies)

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22 Apr UPDATE 1-Bezos, Musk among billionaires gaining net worth in pandemic -report

Posted at 14:53h in News by KMFSLLP 0 Comments

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The combined wealth of America's billionaires, including Amazon.com Inc founder Jeff Bezos and Tesla Inc chief Elon Musk, increased nearly 10% during the ongoing COVID-19 pandemic, according to a report published by the Institute for Policy Studies (IPS).

22 Apr UPDATE 1-U.S. new home sales tumble in March

Posted at 14:48h in News by KMFSLLP 0 Comments

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Sales of new U.S. single-family homes dropped by the most in more than 6-1/2 years in March and further declines are likely as the novel coronavirus outbreak batters the economy and throws millions of Americans out of work.

22 Apr ECB’s Lagarde tells EU leaders: coronavirus can cut 15% of output -source

Posted at 14:46h in News by KMFSLLP 0 Comments

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European Central Bank Governor Christine Lagarde told EU leaders on Thursday that the coronavirus pandemic could cut up to 15% of their economic output, a diplomatic source said.

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22 Apr Bezos, Musk among billionaires gaining net worth in pandemic -report

Posted at 14:44h in News by KMFSLLP 0 Comments

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22 Apr REFILE-YOUR MONEY-Stimulus check confusion? Common questions, answered

Posted at 14:43h in News by KMFSLLP 0 Comments

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In a little over a year, when Americans file their 2020 tax returns, much of what is going on with coronavirus-linked stimulus payments will finally add up.

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22 Apr UPDATE 1-Bulgaria’s Fibank cuts price, increases number of shares it plans to issue

Posted at 14:36h in News by KMFSLLP 0 Comments

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Bulgaria's First Investment Bank (Fibank) has cut the price and almost doubled the number of shares it plans to issue to raise 200 million levs ($110 million) to help it cover a capital shortfall found by ECB stress tests last year, the prospectus showed.

22 Apr UPDATE 2-Expedia to boost liquidity with $3.2 bln capital raise, names new CEO

Posted at 14:27h in News by KMFSLLP 0 Comments

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Expedia Group Inc said on Thursday it was raising $3.2 billion in fresh capital to boost its liquidity, in an effort to ride out a coronavirus-driven collapse in travel demand.

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22 Apr UPDATE 1-Poland launches new rules to prevent takeovers by non-EU investors

Posted at 14:26h in News by KMFSLLP 0 Comments

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The Polish government wants to be notified of any planned takeovers of companies by investors from outside the European Union, who may seek to buy businesses hit by the coronavirus cheaply, Deputy Prime Minister Jadwiga Emilewicz said.

22 Apr Key U.S. lawmaker pushes for a ban on mergers until coronavirus pandemic ends

Posted at 14:16h in News by KMFSLLP 0 Comments

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The chair of the House Judiciary Committee's antitrust panel on Thursday called for a moratorium on mergers in the next coronavirus stimulus package and a ban on deals that are not directly related to companies about to fail.

News

22 Apr UPDATE 4-EU seeks multi-trillion euro fund to recover from coronavirus

22 Apr UPDATE 1-Bezos, Musk among billionaires gaining net worth in pandemic -report

22 Apr UPDATE 1-U.S. new home sales tumble in March

22 Apr ECB’s Lagarde tells EU leaders: coronavirus can cut 15% of output -source

22 Apr Bezos, Musk among billionaires gaining net worth in pandemic -report

22 Apr REFILE-YOUR MONEY-Stimulus check confusion? Common questions, answered

22 Apr UPDATE 1-Bulgaria’s Fibank cuts price, increases number of shares it plans to issue

22 Apr UPDATE 2-Expedia to boost liquidity with $3.2 bln capital raise, names new CEO

22 Apr UPDATE 1-Poland launches new rules to prevent takeovers by non-EU investors

22 Apr Key U.S. lawmaker pushes for a ban on mergers until coronavirus pandemic ends

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