(Reuters) – Clothing company Lucky Brand Dungarees files for Chapter 11 bankruptcy, it said Friday, becoming the latest retailer to fall victim to the coronavirus pandemic. The firm said it had entered into a “horse stalking asset purchase agreement” with SPARC Group LLC, which owns brands like Aeropostale and Nautica, …
Read More »GLOBAL MARKETS: Asian stocks hit 4-month high as recoveries from US and China accelerate
* Shanghai stocks hit 14-month high in service sector recovery * US payrolls jump 4.8 million, but obstacles remain ahead * Increased US COVID-19 cases threaten US recovery * Asian Stock Markets: tmsnrt.rs/2zpUAr4 By Hideyuki Sano TOKYO, Jul 3 (Reuters) – Asian stocks rose to a four-month high on Friday …
Read More »Bank card debt that facilitated the SoftBank investment put up for auction
FILE PHOTO: The logo of Wirecard AG, an independent provider of outsourcing and private label solutions for electronic payment transactions, is displayed at its headquarters in Aschheim, near Munich, Germany, on July 1, 2020. REUTERS / Andreas Gebert LONDON (Reuters) – Convertible bonds that were part of a complex transaction …
Read More »GLOBAL MARKETS: Asian stocks hit 4-month high as recoveries from US and China accelerate
* Shanghai stocks hit 14-month high in service sector recovery * US payrolls jump 4.8 million, but obstacles remain ahead * Increased US COVID-19 cases threaten US recovery * Asian Stock Markets: tmsnrt.rs/2zpUAr4 By Hideyuki Sano and Imani Moise TOKYO / NEW YORK, July 3 (Reuters) – Asian stocks climbed …
Read More »The Fed’s balance sheet shrinks further, and there are still no Main Street loans
FILE PHOTO: The Federal Reserve Board building on Constitution Avenue is pictured in Washington, USA, on March 19, 2019. REUTERS / Leah Millis (Reuters) – The massive reserve of bonds and other assets of the US Federal Reserve fell for the third consecutive week to its smallest size since mid-May, …
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