Posted at 23:06h
in
News
by KMFSLLP
The U.S. Justice Department
has approved United Technologies Corporation's planned
merger with Raytheon Co, subject to conditions, the
agency said on Thursday.
...
Posted at 23:00h
in
News
by KMFSLLP
Asia's equity capital market
(ECM) bankers are pinning hopes on a pick-up in follow-on share
sales when markets stabilise, after suffering the worst start to
the year since the early days of the global financial crisis.
Posted at 22:49h
in
News
by KMFSLLP
Canada on Thursday
attacked a U.S. proposal to deploy troops along the undefended
joint border to help fight the spread of coronavirus, saying the
idea was unnecessary and would damage relations.
...
Posted at 22:36h
in
News
by KMFSLLP
A bipartisan group of U.S.
lawmakers urged Treasury Secretary Steven Mnuchin on Thursday to
order the U.S. Customs and Border Protection agency to defer
collections of U.S. tariffs for at least 90 days to ease
coronavirus pressures on U.S. businesses.
Posted at 22:29h
in
News
by KMFSLLP
Several Australian
companies are reviewing or even terminating takeover deals by
using a legal escape route because of the devastating impact of
the coronavirus, a template that some lawyers expect to be
replicated in other countries.
Posted at 22:22h
in
News
by KMFSLLP
German broadcaster ProSiebenSat.1 Media
said on Thursday Chief Executive Officer Max Conze
had left the company with immediate effect.
...
Posted at 22:05h
in
News
by KMFSLLP
U.S.-based taxable bond funds saw a
record $62 billion outflow in the last week, while money also
fled stock and municipal bond funds as investors shaken by the
impact of the coronavirus outbreak on financial markets moved
into cash, according to Lipper data.
Posted at 21:50h
in
News
by KMFSLLP
The U.S. Federal Reserve's balance
sheet soared past $5 trillion in assets for the first time this
week as it scooped up bonds and extended loans to banks, mutual
funds and other central banks in its unprecedented effort to
backstop the economy in the face of the global coronavirus
pandemic.
Posted at 21:46h
in
News
by KMFSLLP
Australian shares were set to open
higher on Friday, tracking Wall Street peers, as investors
focused on the passage of a massive coronavirus relief bill in
the U.S. Senate and the possibility of more economic aid to
come.
The local share...
Posted at 21:45h
in
News
by KMFSLLP
Fitch Ratings on Thursday affirmed the
United States' credit rating at AAA with a stable outlook, but
warned that even before the massive economic shocks caused by
the spreading coronavirus, the nation's already high and rising
debt and deficits were starting to erode its credit strengths.
