The U.S. Federal Reserve
will publish at least every month details about who borrows how
much under the raft of new lending facilities it has rolled out
to support the economy and backstop firms and local governments
as they navigate the coronavirus crisis.
Brazilian upscale mall
operator Iguatemi Empresa de Shopping Centers SA is
aiming to cut capital expenditure by 40% in 2020 to help offset
a drop in revenue after stepping in to offer discounts to
shopkeepers impacted by the coronavirus-related lockdowns, its
chief financial officer said on Thursday.
New York Governor Andrew
Cuomo on Thursday derided Senate Republican leader Mitch
McConnell's suggestion that states whose finances are depleted
by the coronavirus epidemic could declare bankruptcy as a
"really dumb" idea and warned that financial markets would tank
if that were allowed to happen.
Franklin Templeton Mutual
Fund on Thursday announced it would wind up six yield-oriented,
managed credit funds in India, effective April 23, citing severe
market dislocation and illiquidity caused by the coronavirus.
European Commission President
Ursula von der Leyen said on Thursday the next seven-year EU
budget linked to a recovery fund was the only way to steer the
bloc out of the COVID-19 crisis and that its size had to