Catch up on the latest pandemic-related financial insights from Breakingviews, from Britain’s furlough scheme to potato chip M&A:
Dr Anthony Fauci stands in front of a digital sign promoting the Trump administration's announcement of guidelines for"Opening Up America Again" during the daily coronavirus task force briefing at the White House in Washington, U.S., April 16, 2020. REUTERS/Leah MillisMAY THE FAUCI BE WITH YOU. There’s no absolutely correct date for lifting lockdowns imposed to control the coronavirus.
Exor Chairman John Elkann had no need to part with PartnerRe for less, as the sale to Covea was purely opportunistic. The insurer had not been for sale. Nonetheless, Covea, which cited the changed economic scenario as a reason for its sudden U-turn, could face legal consequences. Derez’s move may have saved Covea investors from an expensive purchase. But after a previously failed attempt to buy Scor, Derez’s ability to consummate any deal is questionable.
Some expected Sunak to withdraw support from industries which are reopening, like construction and manufacturing. Others wanted him to scale back a subsidy which the Office for Budget Responsibility reckons is costing taxpayers 14 billion pounds a month. Instead, Sunak says he will allow furloughed employees to work part-time, while asking employers to share an unspecified proportion of the costs from August.
BRAVE NEW WORLD. Mere months ago pundits were arguing about whether a 50 basis point rate cut from Federal Reserve Chair Jay Powell would leave the U.S. central bank with little ammo. How quaint that now seems. As of Tuesday, its Secondary Market Corporate Credit Facility can begin buying exchange-traded funds – including those exposed to junk bonds.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Breakingviews - Corona Capital: Disneyland, UK funerals, Henkel(Reuters Breakingviews) - Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
Lire la suite »
Breakingviews - Corona Capital: Movie theaters, Turkish lira(Reuters Breakingviews) - Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
Lire la suite »
Breakingviews - Corona Capital: Branson, Voda, HK property, Dufry(Reuters Breakingviews) - Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
Lire la suite »
Corona Capital: Movie theaters, Turkish liraConcise views on the pandemic’s corporate and financial fallout: A report suggests Amazon.com has run the rule over struggling AMC’s shuttered movie theaters; and Turkey has reversed a short-lived ban on foreign banks trading its currency.
Lire la suite »
Corona Capital: UK pay, U.S. snack attack, FedConcise views on the pandemic’s corporate and financial fallout: Britain delays its moment of fiscal reckoning; U.S. potato chips find their way onto the M&A menu; and the economic limits of the Fed’s financial stimulus.
Lire la suite »
Corona Capital: Branson, Voda, HK property, DufryConcise views on the pandemic’s corporate and financial fallout. The bearded billionaire may be raiding a thin piggy bank; Vodafone bucks the trend and actually keeps its dividend; the world's priciest commercial property district is changing; and travel retail is in trouble.
Lire la suite »