Chinese property developer Yida China is battling to avoid defaulting on its debt as the coronavirus pandemic slams sales, borrowing costs spiral and police detain a director on suspicion of ... ( read original story ...)
HSBC HK shareholders mull legal action over dividend suspension
HSBC shareholders in Hong Kong are considering calling for an extraordinary meeting with management and taking possible legal action against the bank's decision to scrap dividend payments. HSBC and ot ... ( read original story ...)
The Dow Is Set to for a Drop, Bank of America Stock Is Sliding, and UnitedHealth Is Gaining
Overseas, Hong Kong’s Hang Seng Index is down 1.2% ... Stock in Boeing (BA)—the aircraft maker—are up 0.6% as well on the news. More bank earnings are on tap Wednesday. JPMorgan Chase (JPM) and Wells ... ( read original story ...)
Hong Kong stocks drop as IMF flags deep global recession
IMF says HK economy to contract 4.8% in 2020 BEIJING/SHANGHAI, April 15 (Reuters) - Hong Kong’s benchmark share index ended lower on Wednesday as forecast of a deep recession this year by the ... ( read original story ...)
Dow Futures Drop, Bank of America Falls, UnitedHealth Gains
S tock futures were pointing to a lower open Wednesday morning. Bank of America stock was falling after reporting earnings, while UnitedHealth was rising. Stock futures were point ... ( read original story ...)
The Zacks Analyst Blog Highlights: Bank of America, Citigroup, Koninklijke Philips, Zoom Video and The Clorox Company
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks ... ( read original story ...)
Stocks Trade Mixed With Earnings Season Ramping Up: Markets Wrap
Stocks in Europe fell along with American equity-index futures on Wednesday as a risk-off mood took hold while investors scoured corporate earnings to gauge the impact of the coronavirus outbreak. The ... ( read original story ...)
Breakingviews – Corona Capital: Bank credit lines, Renault
Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights. BALANCE SHEET BLUES. Borrowers are rushing to ... ( read original story ...)
Global stocks, oil price sink on grim forecasts
Global stocks and oil prices have sunk after the International Monetary Fund said the world economy will suffer its worst year since the Great Depression of the 1930s due to the coronavirus pandemic. ( read original story ...)
Chinese companies still hope for New York IPOs — despite recent fraud, scandals and coronavirus
Many Chinese companies are still planning to list in the U.S., despite increased scrutiny on the issuers in the wake of disclosures of fraud at high-profile stocks such as Luckin Coffee. ( read original story ...)
Yuan softens on weaker guidance, cut in borrowing costs
The yuan eased on Wednesday after the Chinese central bank nudged its midpoint fixing to the weak side of analyst estimates and cut a medium-term funding rate to a record low as it ramped up efforts ... ( read original story ...)
Coronavirus: China cuts MLF borrowing costs to record low, stepping up pandemic battle
The People’s Bank of China (PBOC) said it was lowering the one-year medium-term lending facility ... portfolio manager at Green Harmony Capital in Hong Kong. Some market participants believe the ... ( read original story ...)
China Cuts Medium-Term Borrowing Costs to Record Low, Steps Up Pandemic Battle
China's central bank on Wednesday stepped up policy support for its embattled economy, cutting a key rate to a record-low and reducing the amount banks must hold as reserves by around $28 billion as ... ( read original story ...)
Asian petchem shares ease off highs on IMF growth warning, oil rebounds
Japan’s Nikkei 225 Index was down by 0.46%, Hong Kong’s Hang Seng Index was up by 0.37% and ... for the UK economy before recovering to 4.0% in 2021. The People’s Bank of China (PBOC) on Wednesday ... ( read original story ...)