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News

18 Mar Sudan appoints new central bank governor – statement

Posted at 16:07h in News by KMFSLLP 0 Comments

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Sudan's prime minister has appointed Mohamed al-Fatih Zainelabidine as governor of the central bank, his office said in a statement on Thursday.

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18 Mar Kingspan to cut all pay by 40% for two months – letter

Posted at 15:57h in News by KMFSLLP 0 Comments

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Kingspan will cut executive pay by 50% and implement a 40% cut for the rest of its 14,500 staff for two months due to unprecedented production and demand disruption from coronavirus, according to a letter to staff obtained by Reuters on Thursday.

18 Mar Ex-Tudor manager’s investment firm scores big in market turmoil

Posted at 15:52h in News by KMFSLLP 0 Comments

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An investment firm founded by a former senior portfolio manager at Tudor Investment Corp, Theodoros Tsagaris, is up 17.7% since the start of March, when markets went into a coronavirus-fuelled tailspin.

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18 Mar EXPLAINER-America’s money market industry: is it at risk?

Posted at 15:52h in News by KMFSLLP 0 Comments

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Seen as a quintessentially safe bet for many Americans, the $3.8 trillion money-market fund industry is under severe duress for a second time in the past decade as investors weigh the risk of a global economic shutdown.

18 Mar Bank of England slashes interest rates to 0.1%

Posted at 15:50h in News by KMFSLLP 0 Comments

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Unanimous decision after second emergency meeting noted ‘economic disruption’ ahead

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18 Mar UPDATE 2-South Africa delivers 100 bps rate cut to fight coronavirus

Posted at 15:43h in News by KMFSLLP 0 Comments

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* Central bank delivers 100bps cut to support flagging growth

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18 Mar British banks grapple with business demands for coronavirus lifelines

Posted at 15:43h in News by KMFSLLP 0 Comments

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Some banks in Britain are struggling to provide financial support to homeowners and businesses battered by the coronavirus pandemic, with demand surging after the government announced a series of aid measures including an emergency lending scheme.