Posted at 16:26h
in
News
by KMFSLLP
Confidence in services sector also slumps to record low raising spectre of spike in job losses
...
Posted at 16:24h
in
News
by KMFSLLP
Face masks,
temperature checks and packaged sandwiches could all become part
of the daily routine for bankers as their employers work out how
to get them safely back into the office.

...
Posted at 16:23h
in
News
by KMFSLLP
Kenya's central bank cut its
benchmark lending rate again on Wednesday, to 7.0%
from 7.25%, saying measures to tackle the impact of the
coronavirus were having an effect but it needed to do more due
to the adverse economic outlook.
Posted at 16:16h
in
News
by KMFSLLP
Delta Air Lines,
JetBlue Airways Corp and Spirit Airlines on
Tuesday asked the U.S. Transportation Department for approval to
suspend flights to more than two dozen U.S. airports.

...
Posted at 16:06h
in
News
by KMFSLLP
The United States Oil Fund
was sitting on more than $700 million in unrealized
losses at the end of March, several weeks before the market
fully grasped the outsized role it would play in this month's
unprecedented collapse in the price of front-month oil
contracts.
Posted at 16:05h
in
News
by KMFSLLP
* Sees material impact on mortgage volumes in 2020
(Adds details, quotes)

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Posted at 16:05h
in
News
by KMFSLLP
The U.S. insurance industry is
promoting the idea of an insurance plan backed by the federal
government that would help businesses that in the future suffer
losses from a pandemic, people familiar with the effort told
Reuters.
Posted at 16:03h
in
News
by KMFSLLP
Top insurers such as AXA
, RSA, QBE and Zurich face a potential
multi-million pound lawsuit from British pubs, hotels,
restaurants and leisure groups, who allege that legitimate
business interruption claims have been rejected.
Posted at 16:02h
in
News
by KMFSLLP
Zimbabwe's central bank said on
Wednesday it would cut its main lending rate to 15% from 25%,
effective May 1, as part of measures to help the economy deal
with the effects of the coronavirus outbreak.
Posted at 15:53h
in
News
by KMFSLLP
We need a phased return to business if we are to avoid having to go back into full lockdown
...