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.
Posted at 15:12h
in
News
by KMFSLLP
Figures suggest there is likely to be a rapid rise in mortality data for England and Wales
...
Posted at 15:08h
in
News
by KMFSLLP
Financial officials of the Group
of 20 major economies said on Wednesday they had agreed on a
coordinated approach for a suspension of debt service payments
for the world's poorest countries starting on May 1 until the
end of the year.
...
Posted at 15:00h
in
News
by KMFSLLP
The European Union is looking
at ways to get the economy back on its feet next year after what
is expected to be the 27-nation bloc's deepest ever recession,
caused by the coronavirus pandemic.