Posted at 23:53h
in
News
by KMFSLLP
U.S. President
Donald Trump on Friday invoked emergency powers to require
General Motors Co to build much-needed ventilators for
coronavirus patients after he accused the largest U.S. automaker
of "wasting time" during negotiations.
...
Posted at 23:52h
in
News
by KMFSLLP
Canada's top lenders lowered their
prime rates by 50 basis points on Friday, hours after the
central bank unexpectedly cut its key interest rate to help the
county weather the economic fallout of the coronavirus pandemic.
Posted at 23:30h
in
News
by KMFSLLP
A top U.S. housing regulator is
planning on providing assistance to mortgage servicers bracing
for a wave of missed mortgage payments as the coronavirus puts
homeowners out of work.
...
Posted at 23:23h
in
News
by KMFSLLP
Representative for Sir Frederick threatens litigation after deal announced
...
Posted at 23:07h
in
News
by KMFSLLP
* Delay to WGBI rebalancing could cushion blow
(Adds analyst, finance minister quote, details)
...
Posted at 23:00h
in
News
by KMFSLLP
British accounting firm KPMG's
chairman, Bill Michael, has tested positive for the coronavirus,
a spokesman for the company said late on Friday.
...
Posted at 22:55h
in
News
by KMFSLLP
Airbnb Inc has suspended all its
marketing activities to save $800 million this year, and its
founders will take no salary for the next six months while top
executives will take a 50% cut, according to a person familiar
with the matter.
Posted at 22:30h
in
News
by KMFSLLP
* Fitch leaves negative outlook on UK rating
(Adds details, background)
...
Posted at 22:29h
in
News
by KMFSLLP
Microsoft Corp on Friday said
it would sell its stake in AnyVision, an Israeli facial
recognition startup, and said it no longer would make minority
investments in companies that sell the controversial technology.
Posted at 22:11h
in
News
by KMFSLLP
South Africa's National
Treasury said on Friday that Moody's sovereign downgrade to
"junk" status would add to prevailing financial market stress
but that it was difficult to say with certainty what the extent
of the impact would be.
