Posted at 20:30h
in
News
by KMFSLLP
Online lender LendingClub Corp
said on Tuesday it would lay off 460 employees in a cost-cutting
move to cope with the economic fallout of the COVID-19 pandemic.
...
Posted at 20:25h
in
News
by KMFSLLP
South African President
Cyril Ramaphosa announced a 500 billion rand ($26.3 billion)
rescue package on Tuesday, equivalent to 10% of the GDP of
Africa's most industrialised nation, to try to cushion the
economic blow of the coronavirus pandemic.
Posted at 20:21h
in
News
by KMFSLLP
Some U.S. fund managers are
attempting what seems like an impossible task: making bets on
the stocks and bonds of energy companies at a time when oil
futures have sunk to historic lows and a swelling global glut
shows no sign of letting up.
Posted at 20:19h
in
News
by KMFSLLP
The Trump administration is
considering the possibility of providing liability protection to
small businesses that reopen and put their employees back to
work as the nation tries to repair the economic damage wrought
by the coronavirus, a top White House adviser said on Tuesday.
Posted at 20:04h
in
News
by KMFSLLP
Mexico's central bank
unveiled around $31 billion in support for the financial system
and cut borrowing costs on Tuesday in the country's most
decisive move yet to help the economy weather the coronavirus
pandemic.
Posted at 19:58h
in
News
by KMFSLLP
JPMorgan Chase & Co,
the largest U.S. lender, said on Tuesday it was working on a
plan to bring thousands of employees who have been working from
home for more than five weeks back onsite in stages, according
to an internal memo seen by Reuters.
...
Posted at 19:36h
in
News
by KMFSLLP
Virgin Galactic Holdings Inc
Chairman Chamath Palihapitiya is moving ahead with a
$600 million initial public offering for a new blank-check
company on Tuesday, after the coronavirus crisis upended plans
last month, according to two people familiar with the matter and
a term sheet seen by Reuters.
Posted at 19:23h
in
News
by KMFSLLP
U.S. congressional leaders
and the White House agreed on Tuesday on nearly $500 billion
more in coronavirus relief for the U.S. economy, bringing to
nearly $3 trillion the amount allocated to deal with the crisis.
Posted at 19:12h
in
News
by KMFSLLP
Health secretary has committed UK to 100,000 daily tests by end of April
...
Posted at 19:12h
in
News
by KMFSLLP
A California regulator has asked PG&E
Corp for governance and oversight changes to its
reorganization plan, while proposing about $2 billion in
penalties for the San-Francisco based utility's role in causing
the devastating 2017 and 2018 wildfires in California.