Posted at 11:03h
in
News
by KMFSLLP
Letter to government over stores’ status during UK lockdown ‘ill-judged and poorly timed’
...
Posted at 10:34h
in
News
by KMFSLLP
Foreign exchange company Travelex on
Friday said it has shut all its UK foreign exchange bureaus for
around eight weeks due to the coronavirus outbreak and started
discussions with its stakeholders for continued access to funds.
Posted at 10:33h
in
News
by KMFSLLP
Morgan Stanley
has received regulatory approval to take a majority stake
in its China securities joint venture, three people with direct
knowledge of the matter said, as Beijing continues to open its
financial sector to foreigners.
Posted at 10:32h
in
News
by KMFSLLP
Malaysia announced a
stimulus package worth 250 billion ringgit ($58.28 billion) on
Friday, its second in a month, to help cushion the economic blow
from the coronavirus pandemic.
...
Posted at 10:27h
in
News
by KMFSLLP
Three of China's
listed state-owned banks reported results on Friday which beat
fourth-quarter net profit estimates, as non-performing loan
ratios held steady.
...
Posted at 10:17h
in
News
by KMFSLLP
Nigeria has appealed to private
companies to make voluntary contributions towards the 120
billion naira ($330 million) that the government says it needs
to fight the coronavirus epidemic.
...
Posted at 10:16h
in
News
by KMFSLLP
Most Southeast Asian stock markets rose
on Friday on expectations of further stimulus to counter the
economic blow from the coronavirus outbreak, especially after
data showed a surge in U.S. unemployment filings.
The number of Americans filing claims for unemployment
benefits jumped to
Posted at 10:09h
in
News
by KMFSLLP
* Shares fall as much as 10.5% on Friday
(Adds loan detail in paragraph 5)
...
Posted at 10:04h
in
News
by KMFSLLP
Volkswagen may
have to cut jobs if the coronavirus pandemic is not brought
under control as the carmaker is still spending about 2 billion
euros ($2.2 billion) a week, Chief Executive Herbert Diess told
German TV channel ZDF.
Posted at 10:02h
in
News
by KMFSLLP
Crashing markets are
driving the biggest rush from Asian retail investors into stocks
in a decade or more, brokers say, as bargain-hunting and a fear
of missing out prompts a scramble to "buy the dip".