Posted at 16:32h
in
News
by KMFSLLP
* Shares in Bankinter, Sabadell and Caixabank fall
(Adds analyst comment, detail on revolving credit)

...
Posted at 16:31h
in
News
by KMFSLLP
General Electric Co predicted on
Wednesday that the coronavirus would wipe out a substantial
chunk of industrial free cash flow in the first quarter, but
stuck to full-year financial targets the company set in January.
Posted at 16:14h
in
News
by KMFSLLP
The faster spread of the
coronavirus will wipe out any hope of stronger growth in 2020,
International Monetary Fund Managing Director Kristalina
Georgieva said on Wednesday, adding that a third of the Fund's
189 member countries were now affected.
Posted at 16:09h
in
News
by KMFSLLP
Saudi Arabia, which has already
suspended pilgrimages to the two holy cities of Mecca and Medina
for foreigners due to coronavirus concerns, extended the ban on
Wednesday to Saudi citizens and residents, state news agency SPA
reported.
Posted at 16:04h
in
News
by KMFSLLP
A majority of Lebanese MPs
oppose paying looming Eurobond maturities, even if that leads to
default, Parliament Speaker Nabih Berri said on Wednesday,
compounding doubts over whether the heavily indebted state will
meet a March 9 repayment.
Posted at 15:54h
in
News
by KMFSLLP
As one of America's top
stockpickers, Michael Baron faces significant exposure to the
spreading coronavirus epidemic, which has posed a challenge for
travel companies like Hyatt Hotels and Norwegian Cruise
Line Holdings.

...
Posted at 15:51h
in
News
by KMFSLLP
Coronavirus has spread to almost
all of Iran's provinces but the country will get through the
outbreak with a "minimum" number of deaths, President Hassan
Rouhani said on Wednesday.

...
Posted at 15:48h
in
News
by KMFSLLP
The Bank of Canada slashed its
benchmark interest rate to 1.25% from 1.75% on Wednesday in the
face of a coronavirus outbreak and said it was prepared to cut
again if needed to support growth.
Posted at 15:19h
in
News
by KMFSLLP
* Indexes up: Dow 1.72%, S&P 1.26%, Nasdaq 1.02%
(Updates to open)

...
Posted at 15:16h
in
News
by KMFSLLP
India is pushing
state-run banks to approve new loans amounting to 500-600
billion rupees ($6.8-8.2 billion) by the end of March, according
to two government sources, as authorities seek to shore up a
stuttering economy as the coronavirus spreads.