Posted at 17:08h
in
News
by KMFSLLP
Italy's third-largest bank Banco
BPM on Thursday reported a better than expected
first-quarter net profit and said it would set new targets to
take into account the fallout from the coronavirus crisis.
...
Posted at 17:01h
in
News
by KMFSLLP
New York will extend a moratorium on
evictions for non-payment of rent for another two months until
August 20 to alleviate anxiety over the economic impact of the
coronavirus pandemic, Governor Andrew Cuomo told a daily
briefing on Thursday.
Posted at 16:56h
in
News
by KMFSLLP
Airbus deliveries tumbled
80% to just 14 aircraft in April, compared with a year earlier,
as operations were hit by the coronavirus crisis, company data
showed on Thursday.
...
Posted at 16:54h
in
News
by KMFSLLP
Central bank predicts 30 per cent drop in output in first half of 2020 but opts against new stimulus
...
Posted at 16:31h
in
News
by KMFSLLP
Manulife Financial Corp's
chief executive on Thursday cautioned against reopening
economies shut by the COVID-19 pandemic despite challenges that
contributed to a 40% decline in first-quarter profit for
Canada's biggest life insurer.
...
Posted at 16:29h
in
News
by KMFSLLP
A quick recovery from the
coronavirus crisis is unlikely, Minneapolis Federal Reserve Bank
President Neel Kashkari said on Thursday, warning that some
businesses will be able to reopen sooner that others and that a
resurgence in infections could necessitate a return to lockdown.
Posted at 16:28h
in
News
by KMFSLLP
Wall Street gave a resounding vote of
confidence to ride-hailing stocks ahead of Uber's
results on Thursday, after Lyft indicated a slow recovery in
demand and lower costs as rising unemployment creates greater
supply of drivers.
Posted at 16:28h
in
News
by KMFSLLP
Portugal's largest utility EDP
posted on Thursday a 45% rise in first-quarter net profit to 146
million euros ($158 million) despite the wider impact of the
coronavirus on the economy.
...
Posted at 16:27h
in
News
by KMFSLLP
Wall Street gave a resounding vote of
confidence to ride-hailing stocks ahead of Uber's
results on Thursday, after Lyft indicated a recovery in demand
and lower costs as rising unemployment creates more supply of
drivers than jobs in the market.
Posted at 16:15h
in
News
by KMFSLLP
The Czech National Bank cut its
main interest rate by a bigger-than-expected 75 basis points on
Thursday, bringing borrowing costs ever closer to zero as it
seeks to soften the economic blow of the coronavirus outbreak.
