SYDNEY (Reuters) – Asian equity markets started the week cautiously on Monday when the relentless spread of the coronavirus finally caused investors to question its optimism in the global economy, benefiting safe harbor bonds and the US dollar. FILE PHOTO: A man wearing a protective face mask, after the outbreak …
Read More »Debt from AT&T and other corporate giants saw higher Federal Reserve purchases
The Federal Reserve on Sunday released more details of an emergency loan program that buys corporate debt, showing which US companies have benefited from its unprecedented measures to support the flow of credit into the economy. Through its loan facilities, the Fed is buying individual corporate bonds on the market …
Read More »Germany to sever ties to accounting regulator after Wirecard scandal
FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and private label solutions for electronic payment transactions, is seen in Aschheim, near Munich, Germany, on April 25, 2019. REUTERS / Michael Dalder / File Photo BERLIN (Reuters) – The German government plans to terminate its contract with …
Read More »Germany’s embattled Wirecard to continue business after insolvency
BERLIN (Reuters) – Wirecard, the German scandal payments company, said on Saturday that it will continue commercial activities after filing for bankruptcy and hopes that judicial authorities will soon appoint a provisional administrator. FILE PHOTO: The headquarters of Wirecard AG, an independent provider of outsourcing and private label solutions for …
Read More »United States stops visas for Chinese officials for Hong Kong freedoms: Pompeo
WASHINGTON (Reuters) – United States Secretary of State Mike Pompeo said Friday that Washington was imposing visa restrictions on Chinese officials responsible for restricting freedoms in Hong Kong, but did not mention any of the targets. FILE PHOTO: United States Secretary of State Mike Pompeo gives a press conference on …
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