As soon as positive news emerged about Covid-19 vaccines from the United States last week, investors stormed back into riskier assets as they invested $27 billion into equity funds amid euphoric buying of shares in the sectors that have been… Read More ›
Day: November 20, 2020
Cautioning Against A Third Wave Of Pandemic, Gradual Lifting Of Covid-19 Restrictions Urged By EU Chief
To prevent a third wave of the novel coronavirus pandemic, government in Europe should ease business and social restrictions and lockdowns imposed to prevent the spread of the virus in a gradual manner, cautioned the president of the European Commission…. Read More ›
EU Official Tests Positive, Brexit Talks Suspended, Chief EU Negotiator Self-Isolates
After a member of the European Union’s negotiating team tested positive for coronavirus, Michel Barnier, the chief negotiator of the EU was forced to go into self-isolation while the two parties had to also suspend the face-to-face Brexit negotiations in… Read More ›
For The First Time Debt Bonds At Negative Interest Rates Offered By China
Fears that the slow economy recovery of the Western economies will keep interest rates near record lows for quite some time is being cashed in by China. In a bond sale that attracted significant investor interest, for the first time… Read More ›
EU secures hundreds of millions of Pfizer-BioNTech and CureVac COVID19 vaccine doses
According to an EU official involved in the negotiations to secure COVID-19 vaccines for the bloc, the European Union could potentially pay more than $10 billion to secure hundreds of millions of doses of vaccine candidates developed by Pfizer-BioNTech and… Read More ›
Rishi Sunak to unveil record spending for fighting pandemic induced economic blues
In a development that highlights the challenges facing Britain, the country’s finance minister Rishi Sunak has borrowed a record $285 billion (215 billion pounds) in the first seven months of this financial year as he prepares his war chest to… Read More ›
Fiat Chrysler’s merger with PSA includes loyalty share scheme for long term investors
According to the prospectus to the planned merger of Fiat Chrysler with PSA, the tie-up will include a loyalty share scheme which rewards long-term investors in the new group and help prevent future takeover attempts. In December 2019, car maker Fiat… Read More ›
European banking industry must increase efficiency: HSBC chairman
Mark Tucker, the chairman of HSBC has called on European banks to become more efficient while raising the possibility of branch closures and potential mergers in the banking industry. Tucker made these comments while speaking at a banking conference wherein he… Read More ›