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15 Mar UPDATE 2-Brought to the brink by coronavirus, airlines seek emergency aid

Posted at 14:47h in News by KMFSLLP 0 Comments

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* Global alliances call for aid (Adds Norwegian, Virgin, Alitalia, U.S. developments; details)

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15 Mar UPDATE 1-Oilfield firm ProPetro ousts CEO over lack of loan disclosure

Posted at 14:42h in News by KMFSLLP 0 Comments

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Oilfield services firm ProPetro Holding Corp disclosed on Monday it ousted Chief Executive Officer Dale Redman, saying he violated its insider trading policies over use of shares pledged for personal loans, and admitted it had issued inaccurate information on his holdings.

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15 Mar UPDATE 1-Nigeria’s central bank to create fund to fight coronavirus

Posted at 14:41h in News by KMFSLLP 0 Comments

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Nigeria's central bank will create a 50 billion naira ($163 million) fund to combat the impact of the coronavirus pandemic on Africa's biggest economy and allow banks to give their customers more time to repay loans, its governor said on Monday.

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15 Mar Russian retailer Ozon to spend $300 mln on logistics to boost growth

Posted at 14:36h in News by KMFSLLP 0 Comments

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Russian online retailer Ozon plans to spend more than $300 million on logistics in the next two to three years, its CFO Daniil Fedorov told Reuters, and has also talked to investment banks about a possible stock market listing.

15 Mar EU could muster 28-40 bln euros immediately to support firms hit by epidemic -EIB

Posted at 14:35h in News by KMFSLLP 0 Comments

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The European Union could provide 28-40 billion euros immediately to support small and medium sized companies hit by the effects of the coronavirus pandemic, the European Investment Bank said in a letter to EU finance ministers.

15 Mar World Bank offers $60 mln to Kenya to fight to coronavirus outbreak

Posted at 14:28h in News by KMFSLLP 0 Comments

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The World Bank said on Monday it had committed $60 million to Kenya to help the East African nation battle the coronavirus outbreak that has spread to at least 30 countries on the continent.

15 Mar UPDATE 2-Brazil takes emergency steps to boost liquidity, bank lending hit by coronavirus

Posted at 14:23h in News by KMFSLLP 0 Comments

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Brazil on Monday approved a raft of measures to combat the economic and financial damage from the coronavirus, boosting liquidity in the financial system, maintaining the flow of credit in the economy and expanding banks' lending capacity.

15 Mar U.S. markets should stay open amid turmoil, says top securities regulator

Posted at 14:12h in News by KMFSLLP 0 Comments

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U.S. markets should continue to stay open despite intense volatility, the head of the U.S. securities regulator said on Monday, quashing speculation within the industry that the government might seek a shutdown to stop a plunge in stock prices.

15 Mar Reusable bottles added to UK inflation basket

Posted at 14:09h in News by KMFSLLP 0 Comments

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Frozen chicken breasts and lamb legs no longer tracked to measure price changes

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15 Mar UPDATE 2-Coronavirus combined with zero interest rates ‘really worries me,’ Bridgewater’s Dalio says

Posted at 14:04h in News by KMFSLLP 0 Comments

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Billionaire investor Ray Dalio, whose main Bridgewater Associates LP hedge fund fell sharply amid the coronavirus-led market rout, is concerned about the combination of zero interest rate policy and the growing health pandemic, he said in a note Monday.

News

15 Mar UPDATE 2-Brought to the brink by coronavirus, airlines seek emergency aid

15 Mar UPDATE 1-Oilfield firm ProPetro ousts CEO over lack of loan disclosure

15 Mar UPDATE 1-Nigeria’s central bank to create fund to fight coronavirus

15 Mar Russian retailer Ozon to spend $300 mln on logistics to boost growth

15 Mar EU could muster 28-40 bln euros immediately to support firms hit by epidemic -EIB

15 Mar World Bank offers $60 mln to Kenya to fight to coronavirus outbreak

15 Mar UPDATE 2-Brazil takes emergency steps to boost liquidity, bank lending hit by coronavirus

15 Mar U.S. markets should stay open amid turmoil, says top securities regulator

15 Mar Reusable bottles added to UK inflation basket

15 Mar UPDATE 2-Coronavirus combined with zero interest rates ‘really worries me,’ Bridgewater’s Dalio says

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