Posted at 16:01h
in
News
by KMFSLLP
Britain's banks have enough
funds to keep lending to the economy even under the deep
recession scenario outlined by a government watchdog, Bank of
England Deputy Governor Sam Woods said on Wednesday.
...
Posted at 15:45h
in
News
by KMFSLLP
The International Monetary Fund
(IMF) on Wednesday said it expected Lebanon's GDP would shrink
12% in 2020, amid a financial crisis that has drained the
country of hard currency and prompted it to default on debt
payments.
Posted at 15:39h
in
News
by KMFSLLP
London Stock Exchange Group
said it saw a marginal decline in year-on-year global debt
issuance volumes in the first quarter, despite a flurry of
public sector and investment grade activity in March as the
coronavirus pandemic intensified.
Posted at 15:35h
in
News
by KMFSLLP
Warren Buffett's Berkshire
Hathaway Inc agreed to take Occidental Petroleum Corp
common shares in lieu of a first quarter cash dividend,
helping relieve the strain on the trouble oil giant's balance
sheet.
...
Posted at 15:32h
in
News
by KMFSLLP
Britain and the European Union
agreed dates for three, week-long negotiating rounds to reach a
post-Brexit deal on their future relationship, a joint statement
said on Wednesday, with a high-level review of progress in June.
Posted at 15:27h
in
News
by KMFSLLP
Bank of America Corp reported a
48.5% drop in first-quarter net income on Wednesday, warning
that it anticipated a recession because of the novel coronavirus
and setting aside an additional $3.6 billion to cover potential
losses.
Posted at 15:18h
in
News
by KMFSLLP
Polish clothing retailer LPP
expects its financial results to take a hit from the
coronavirus pandemic, but doesn't need to issue new shares or
bonds to remain solvent, its chief financial officer said on
Wednesday.
Posted at 15:16h
in
News
by KMFSLLP
Britain and the European Union
agreed dates for three week-long negotiating rounds to reach a
post-Brexit deal on their future relationship, a joint statement
said on Wednesday, confirming a high-level review of progress in
June.
Posted at 15:16h
in
News
by KMFSLLP
Saudi Arabia's central bank
governor said on Wednesday G20 nations had worked on setting up
currency swap lines and repo facilities to tackle the fallout
from the coronavirus pandemic and they could take further action
on bilateral swap lines.
Posted at 15:14h
in
News
by KMFSLLP
Global accounting and
consulting firms Deloitte and EY said on Wednesday they were
cutting pay for partners at their UK businesses by a fifth to
protect jobs during the coronavirus crisis, mirroring moves at
rivals PwC and BDO.
