Posted at 01:47h
in
News
by KMFSLLP
Australian businesses and
households are well placed to face the "large contraction" in
economic activity from the coronavirus crisis though it will
test their financial resilience, the country's central bank said
on Thursday.
...
Posted at 01:27h
in
News
by KMFSLLP
Australian shares rose more than 2% on
Thursday, tracking gains on Wall Street as hopes that the new
coronavirus pandemic is peaking in the United States bolstered
sentiment, while a jump in crude oil prices lifted energy
stocks.
Posted at 01:00h
in
News
by KMFSLLP
Efforts to push a further
$250 billion of coronavirus aid for small businesses through the
U.S. Congress were stalling on Wednesday as top Democrats said
they would back the measure only if it was coupled with a
similar amount for hospitals and local governments.
Posted at 00:05h
in
News
by KMFSLLP
Saudi Arabia's sovereign wealth fund,
the Public Investment Fund (PIF), has accumulated stakes worth
about $1 billion in four major European oil companies, the Wall
Street Journal reported on Wednesday, citing people familiar
with the matter.
Posted at 00:00h
in
News
by KMFSLLP
The spread of the deadly
coronavirus has upended industrial metal markets, with many
plunging to multi-year lows and volatility spiking across the
board.
...
Posted at 23:30h
in
News
by KMFSLLP
The U.S.
economy is set for a deep slide in coming months with the
coronavirus forcing businesses to shut and putting millions out
of work, but Federal Reserve policymakers are also warning of a
slugging recovery once the pandemic subsides.
"Because of the shock of this...
Posted at 23:27h
in
News
by KMFSLLP
Saudi Arabia's sovereign wealth fund,
the Public Investment Fund (PIF), has accumulated stakes worth
about $1 billion in four major European oil companies, the Wall
Street Journal reported on Wednesday, citing people familiar
with the matter.
Posted at 23:12h
in
News
by KMFSLLP
BlackRock Inc, the world's
largest asset manager, will not layoff any employees during the
year due to the coronavirus outbreak, Chief Executive Officer
Larry Fink said on Wednesday.
...
Posted at 23:04h
in
News
by KMFSLLP
Zoom Video Communications Inc has
tapped former Facebook security chief Alex Stamos as an adviser
as safety and privacy concerns about its fast-growing
video-conferencing app drive a global backlash against the
company.
...
Posted at 23:01h
in
News
by KMFSLLP
UK-listed companies could cancel
about $60 billion in dividend payments this year following
Britain's lockdown and calls from regulators to preserve cash
during the coronavirus crisis, according to a report by
analytics company Link Group.
