Posted at 05:55h
in
News
by KMFSLLP
The Swiss National Bank
reported on Thursday a loss of 38.2 billion Swiss
francs ($39.34 billion) during the first quarter as the
coronavirus crisis pummelled the value of its foreign currency
holdings.
...
Posted at 05:46h
in
News
by KMFSLLP
Swedish bank Swedbank
on Thursday reported its first quarterly loss since
2009, as it was hit by both coronavirus-related credit losses
and a record fine for poor anti-money laundering controls.
...
Posted at 05:17h
in
News
by KMFSLLP
Australia's AMP Ltd reported
on Thursday a A$19.4 billion ($12.22 billion) decline in assets
under management across its wealth management business in the
first quarter as the coronavirus pandemic wreaked havoc on
markets.
...
Posted at 05:15h
in
News
by KMFSLLP
Credit Suisse Group AG
posted a 75% rise in first-quarter net profit on Thursday, even
as it cautioned the global coronavirus pandemic could impact
performance in coming quarters.
...
Posted at 05:07h
in
News
by KMFSLLP
Hungary's central bank is
ready to take further steps to mitigate the economic impact of
the coronavirus crisis and plans to launch its bond-buying
programme early next month, Governor Gyorgy Matolcsy told the
Figyelo weekly on Thursday.
Posted at 05:07h
in
News
by KMFSLLP
Mainland Chinese stocks
inched down on Thursday as the economic uncertainty sparked by
the coronavirus outbreak kept share prices under pressure,
making investors reluctant to chase the previous session's
rebound.
...
Posted at 05:00h
in
News
by KMFSLLP
U.S. shale producers,
refiners and pipeline companies are scrambling for cash and face
likely restructuring as they struggle under heavy debt loads and
a dual supply/demand shock in the worst crisis the oil industry
has faced.
Posted at 04:20h
in
News
by KMFSLLP
Southeast Asian shares rose on
Thursday, taking cues from Wall Street that rose overnight after
oil prices recovered and the U.S. Congress looked set to approve
a fresh fiscal package.
The House of Representatives is expected to clear a relief
package worth $484 billion later on...
Posted at 04:00h
in
News
by KMFSLLP
Denmark’s approach is being closely watched as other countries debate similar measures
...
Posted at 04:00h
in
News
by KMFSLLP
Denmark’s approach is being closely watched as other countries debate similar measures
...