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08 May UPDATE 1-China regulator issues rules on online bank lending to curb risks

Posted at 10:23h in News by KMFSLLP 0 Comments

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* Issues draft rules banning online loans for risky investments

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08 May China regulator issues rules on online bank lending to curb risk

Posted at 09:18h in News by KMFSLLP 0 Comments

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China's banking and insurance regulator on Saturday issued draft rules on commercial banks' online lending business, in a move to rein in financial risks.

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08 May EU Commission calls for state guarantees for vouchers for cancelled travel

Posted at 09:00h in News by KMFSLLP 0 Comments

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The European Commission will tell countries in the European Union to provide state guarantees for travel vouchers during the coronavirus pandemic, if they prefer people to accept the vouchers instead of cash refunds, according to a strategy document seen by Reuters.

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08 May Brighton theatre fears lockdown could bring curtain down permanently

Posted at 07:00h in News by KMFSLLP 0 Comments

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Survival of coastal city’s vibrant arts scene will depend on community ‘being on the front foot’

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08 May Slowly easing the lockdown and the rising costs

Posted at 06:00h in News by KMFSLLP 0 Comments

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Boris Johnson will set his exit strategy on Sunday, but changes will be limited

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08 May Bankruptcy court approves Neiman Marcus’ plea to access financing

Posted at 05:35h in News by KMFSLLP 0 Comments

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U.S. luxury department store chain Neiman Marcus Group said on Friday it received court approval to access $675 million of its debtor-in-possession financing, which will allow continuity of the company's business during Chapter 11 bankruptcy proceedings and enable it to pay employees and vendors.

08 May Germany’s Altmaier wants Europe to be less dependent on other countries

Posted at 04:00h in News by KMFSLLP 0 Comments

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The coronavirus pandemic has shown Europe is too reliant on other countries for some medical supplies, and European states should work together to further diversify international supply chains, German Economy Minister Peter Altmaier told Reuters.

08 May Morocco’s Attijariwafa Bank Q1 profit falls 23.8%

Posted at 02:31h in News by KMFSLLP 0 Comments

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Attijariwafa Bank, one of Morocco's biggest lenders, reported on Friday a 23.8% drop in net profit attributable to shareholders to 1.1 billion dirhams ($110 mln) in the first quarter this year.

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08 May WRAPUP 1-No ‘V’-shape return from devastating U.S. job loss, Fed policymakers say

Posted at 01:12h in News by KMFSLLP 0 Comments

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As many parts of the world's biggest economy begin to reopen after weeks of stay-at-home orders that slowed the spread of the coronavirus but gutted jobs, Americans should not expect a quick return to growth, U.S. Federal Reserve officials said on Friday.

08 May UPDATE 2-U.S. small business rescue program ignored Congress -watchdog

Posted at 00:12h in News by KMFSLLP 0 Comments

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The U.S. government's $660 billion program to rescue small businesses hit by the coronavirus pandemic thwarts the intention of Congress by making it hard for some borrowers to convert loans to grants and failing to prioritize the right businesses, a government watchdog said on Friday.

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News

08 May UPDATE 1-China regulator issues rules on online bank lending to curb risks

08 May China regulator issues rules on online bank lending to curb risk

08 May EU Commission calls for state guarantees for vouchers for cancelled travel

08 May Brighton theatre fears lockdown could bring curtain down permanently

08 May Slowly easing the lockdown and the rising costs

08 May Bankruptcy court approves Neiman Marcus’ plea to access financing

08 May Germany’s Altmaier wants Europe to be less dependent on other countries

08 May Morocco’s Attijariwafa Bank Q1 profit falls 23.8%

08 May WRAPUP 1-No ‘V’-shape return from devastating U.S. job loss, Fed policymakers say

08 May UPDATE 2-U.S. small business rescue program ignored Congress -watchdog

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