Posted at 01:40h
in
News
by KMFSLLP
China's Bank of Communications
(BoCom) said on Thursday it has suspended
open positions for crude oil trading products starting on
Thursday.
...
Posted at 01:06h
in
News
by KMFSLLP
Australian shares rose on Thursday as
risk appetite was whetted by a rebound in oil prices and hopes
that global central banks would unleash more stimulus to cushion
the economic blow from the coronavirus pandemic.
Posted at 00:00h
in
News
by KMFSLLP
Chinese state energy company
Sinopec is in early-stage talks with Hin Leong Trading Pte Ltd
to buy a stake in an oil storage terminal that is partly owned
by the Singapore trader, according to three sources with
knowledge of the matter.
...
Posted at 23:48h
in
News
by KMFSLLP
The Hong Kong Monetary
Authority (HKMA) sold HK$1.821 billion ($234.84 million) worth
of Hong Kong dollars in New York trading hours after the
currency hit the strong side of its trading band.
Posted at 23:44h
in
News
by KMFSLLP
Harvard University said on
Wednesday it had decided not to seek $8.6 million from the
coronavirus stimulus law that it was qualified for, after an
outcry led by U.S. President Donald Trump who questioned whether
the elite school needed the money.
...
Posted at 23:26h
in
News
by KMFSLLP
A number of big-borrowing
developing countries came into the coronavirus crisis with
vulnerabilities due to their economies' reliance on foreign bank
short-term funding, a Bank for International Settlements
analysis has shown.
...
Posted at 23:19h
in
News
by KMFSLLP
U.S. Treasury Secretary
Steven Mnuchin warned on Wednesday that companies that received
coronavirus rescue money intended for small businesses could be
investigated if it appears they did not really need the money.
...
Posted at 23:12h
in
News
by KMFSLLP
Tanzania's President
John Magufuli called on international creditors on Wednesday to
cancel debts owed by African nations to enable them use the
savings to battle the coronavirus.
...
Posted at 22:25h
in
News
by KMFSLLP
Buyout firm Sycamore Partners disclosed
on Wednesday it had walked away from a $525 million deal to
acquire a majority stake in Victoria's Secret, after the
lingerie brand shut down stores and furloughed staff in response
to the coronavirus outbreak.
Posted at 22:14h
in
News
by KMFSLLP
Boeing Co was sued for $336
million on Wednesday by a Kuwaiti leasing company that accused
it of wrongly refusing to return advance payments on a
now-canceled order for 40 of its troubled 737 MAX planes.