Posted at 01:00h
in
News
by KMFSLLP
Okay. So now it's time to
panic.
...
Posted at 00:43h
in
News
by KMFSLLP
Walt Disney Co,
JPMorgan Chase & Co and United Parcel Service Inc
were among seven major U.S. companies that accepted a
big rise in their borrowing costs to issue bonds on Thursday, as
the coronavirus outbreak roiled credit markets.
Posted at 00:22h
in
News
by KMFSLLP
Australian banks on Friday said
they would defer loan repayments for six months for small
businesses impacted by the coronavirus in a A$100 billion
($57.34 billion) relief package.
...
Posted at 00:13h
in
News
by KMFSLLP
Australia will within days
unveil a second stimulus package designed to shelter its economy
from the impact of the coronavirus, two sources familiar with
the government's plan told Reuters on Friday.
...
Posted at 23:33h
in
News
by KMFSLLP
Many of Mexico's top
banking and financial brass are under quarantine or having to
work from home after having attended an annual industry bash at
a Pacific getaway last week where at least one participant later
tested positive for coronavirus.
Posted at 23:33h
in
News
by KMFSLLP
Move follows announcement by big US carmakers of nationwide shutdown
...
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.