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Updated: 4 years 27 weeks ago
S&P cuts Japan's debt outlook as spending surges during pandemic
S&P Global Ratings on Tuesday lowered its outlook on Japan's sovereign debt rating to stable from positive, citing increased uncertainty over the country's fiscal health as it boosts spending to overcome the effects of the coronavirus pandemic.
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HSBC cuts year-end 10-year UK gilt yield forecast to 0%
HSBC said on Tuesday that it had lowered its year-end forecast on 10-year British government bond yields to 0%, given a small probability of negative interest rates and a sense that rates will stay low for a long period.
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Volkswagen replaces Herbert Diess as CEO of the VW brand
Volkswagen replaced Herbert Diess as chief executive of the VW brand on Monday and installed chief operating officer Ralf Brandstaetter to lead cost cutting efforts at the company's largest plants in Germany.
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Hong Kong spearheads $5 billion Cathay Pacific rescue package
Hong Kong will lead a $5 billion rescue of Cathay Pacific Airways , which like other airlines has been hit by a global travel slump triggered by the coronavirus pandemic.
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Vitol's former CEO Ian Taylor dies after cancer battle: sources
Vitol's former chief executive and chairman Ian Taylor has died at the age of 64 from cancer, according to an internal memo and four sources familiar the matter.
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Prepping portfolios for next market storm? Not just gold and govvies
G7 government bonds? Check. Gold? Check. But that may not be enough as the coronavirus crisis accelerates a hunt for a wider pool of assets to better balance investment portfolios during stressful times.
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S&P revises Japan's outlook to stable
S&P Global Ratings said it has revised Japan's outlook to stable on increased uncertainty around debt stabilization.
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Household spending plunge pulls down euro zone GDP in first quarter
A plunge in household spending and investment pulled down euro zone gross domestic product in the first quarter as the COVID-19 pandemic struck, but the fall was slightly smaller than first estimated, the European Union's statistics office said.
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U.S. failed to properly oversee Chinese telecom carriers: Senate panel
A U.S. Senate report released Tuesday says the U.S. government failed to properly oversee Chinese-owned telecommunications companies for nearly two decades.
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Hong Kong government to lead $5 billion rescue package for Cathay Pacific
Cathay Pacific Airways Ltd revealed on Tuesday the Hong Kong government will lead a recapitalisation plan worth HK$39 billion ($5 billion) to help it through the coronavirus pandemic, the latest public rescue for a troubled airline.
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Japanese traders gird for Fed to anchor yields, clip dollar's wings
Japanese investors have clipped the wings of a resurgent U.S. dollar as they position for the likelihood that the U.S. Federal Reserve will take steps to flatten the Treasury yield curve.
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Exclusive: Banks to Berlin - Loosen coronavirus cash rules for firms
Germany's bank lobby is set to urge the government to drop some of the conditions attached to a trillion euro rescue scheme, arguing that companies are so reluctant to take the help that it threatens any recovery from the coronavirus outbreak.
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Hong Kong government says does not intend to hold Cathay Pacific stake long-term
Hong Kong's government does not intend to hold a stake in Cathay Pacific Airways Ltd long term after leading a rescue package to help it through the coronavirus pandemic, Finance Secretary Paul Chan said on Tuesday.
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Oil prices climb as easing of lockdowns fuels hopes for recovery in fuel demand
Oil prices rose on Tuesday, boosted by hopes for a swift recovery in fuel demand as coronavirus lockdown measures are eased across the globe, but gains were capped by the spectre of persistent oversupply in the market.
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Hong Kong govt to lead $5 billion rescue package for Cathay Pacific
Cathay Pacific Airways Ltd revealed on Tuesday the Hong Kong government will lead a recapitalisation plan worth HK$39 billion ($5 billion) to help it through the coronavirus pandemic, the latest public rescue for a troubled airline.
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Hong Kong government to lead $5 billion rescue package for Cathay Pacific
Cathay Pacific Airways Ltd announced on Tuesday a recapitalisation plan worth HK$39 billion ($5.03 billion) led by the Hong Kong government to help it weather the coronavirus pandemic.
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No ware to sell: Beijing's street vendors back on the run
Clad in black, Beijing's city inspectors descended on street vendors this week and ordered them to clear out, just days after the Chinese premier had sparked a rush to set up curbside stalls by praising them as a creator of jobs in the coronavirus-hit economy.
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Asian shares extend gains as economic recovery hopes build
Asian stocks extended their winning streak for the ninth consecutive session on Tuesday and oil prices rose as the lifting of coronavirus lockdowns in many countries fed investor hopes of a relatively quick global economic recovery.
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TSMC says could fill order gap if unable to sell chips to Huawei
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) could quickly fill any order gap should U.S. restrictions against Huawei Technologies Co Ltd [HWT.UL] prevent sales to the Chinese firm, the company's chairman said on Tuesday.
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Once bitten, not shy: Investors again seek margin loans as stocks rally
Global banks are seeing renewed appetite from wealth management clients to borrow money to buy stocks as markets rebound, bankers said, which comes just months after the strategy burned some investors.
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