Lending

How much money does the world owe China? | Counting the Cost

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China has been rapidly rolling out its Belt and Road Initiative to build new roads, ports and rail lines in mostly developing nations, extending the country’s reach across continents. China says the infrastructure will benefit countries while critics say China is extending unfair influence over others. Many nations have been rethinking their involvement amid accusations … Read more How much money does the world owe China? | Counting the Cost

Powell Says Fed ‘Days Away’ From Main Street Lending

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May.29 — Federal Reserve Chairman Jerome Powell discusses the rollout of the central bank’s “Main Street” medium-sized business aid program, saying “we expect to start making loans in a few days.” He speaks at a virtual discussion at a Griswold Center for Economic Policy Studies Princeton Reunion Talk event.

Which Equity Sectors Benefit as We Emerge From Lockdown?

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May.25 — Eleanor Taylor Jolidon, co-head of Swiss & global equities at Union Bancaire Privee, discusses the Federal Reserve’s Main Street lending program and her views on the sectors which will benefit as the world slowly emerges from coronavirus lockdown measures. She speaks on “Bloomberg Markets: European Open.”

NFL onside kick rule NEEDS TO CHANGE ! | Nothing Personal with David Samson

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Download and subscribe to the Nothing Personal with David Samson podcast: https://plnk.to/NothingPersonal?to=page Today’s word of the day is ‘backdoor’ as in let’s talk about some new NFL rules. I am all for the new Onside Kick rule of getting rid of that and implementing a 4th and 15 instead. MLBPA responds to MLB health protocol … Read more NFL onside kick rule NEEDS TO CHANGE ! | Nothing Personal with David Samson

UniCredit’s Germany Head Sees More Loan Applications in Crisis

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May.22 — Michael Diederich, the head of UniCredit’s German unit, says loan applications have increased during the coronavirus crisis and no industries have been excluded from lending. The bank has taken a role in supporting state-backed loans to companies including Adidas, Sixt and Ceconomy. He speaks on “Bloomberg Markets: European Open.”

Warren presses Mnuchin on penalties for not protecting jobs

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Sen. Elizabeth Warren (D-MA) asked Treasury Secretary Steven Mnuchin why some businesses that are getting federal funding are not required to keep their workers employed. Congress gave Treasury the authority to dole out $500 billion to shore up mid-sized and large corporations. But unlike the Payroll Protection Program and other small-business lending facilities, which forgive … Read more Warren presses Mnuchin on penalties for not protecting jobs

Harry and Meghan to Repay Taxpayer Costs of Frogmore Cottage | Good Morning Britain

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Subscribe now for more! http://bit.ly/1NbomQa Royal Editor Russell Myers has news on yet another celebrity friend lending a hand to Harry and Meghan’s new life in America and brings news of how Harry and Meghan are planning on repaying taxpayers costs of Frogmore cottage. He also reveals the Royal tradition which has been cancelled for … Read more Harry and Meghan to Repay Taxpayer Costs of Frogmore Cottage | Good Morning Britain

There’s “much more financial strain ahead”: Summers

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May.15 — Lawrence H. Summers, former U.S. Treasury Secretary, warns that there is more financial strain, as individuals and businesses run out of cash reserves. He also predicts that lending will also decline, creating a downward spiral. He joins host David Westin for an exclusive take on “Bloomberg Wall Street Week.”

Powell Warns of Broad Virus Danger, Bats Down Negative Rates

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The U.S. economy faces unprecedented risks from the coronavirus if fiscal and monetary policy makers don’t rise to the challenge, Federal Reserve Chair Jerome Powell said while pushing back against the notion of deploying negative interest rates. “The recovery may take some time to gather momentum, and the passage of time can turn liquidity problems … Read more Powell Warns of Broad Virus Danger, Bats Down Negative Rates

Putin Ends Russian Virus Lockdown, Urges Caution on Easing

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Russian President Vladimir Putin ended his national stay-at-home restrictions against the coronavirus after six weeks, while putting responsibility for easing the measures on regional leaders, even as the number of infections in Russia surges past most European countries. “The period of non-working days for all of Russia and all economic sectors comes to an end,” … Read more Putin Ends Russian Virus Lockdown, Urges Caution on Easing

Fed Says It Will Begin Buying Corporate-Debt ETFs

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May.12 — The Federal Reserve said a facility designed to purchase eligible corporate debt from investors will launch today, bringing a key part of the U.S. central bank’s emergency coronavirus lending program online following weeks of anticipation. Steen Jakobsen, chief economist and chief investment officer at Saxo Bank A/S, comments on the implications of the … Read more Fed Says It Will Begin Buying Corporate-Debt ETFs

‘We need to act swiftly to avoid a reversal of the development gains’ – Humanitarian Affairs Chief

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Remarks by Mark Lowcock, Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator, on the release of the updated COVID-19 Global Humanitarian Response Plan. The United Nations (UN) and partners today (7 May) launched a (USD) 6.7 billion appeal to protect millions of lives and halt the spread of COVID-19 in more than 60 of the … Read more ‘We need to act swiftly to avoid a reversal of the development gains’ – Humanitarian Affairs Chief

‘Worst crisis since Great Depression’: IMF boss gives blunt assessment of global economy | ITV News

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If you ask Kristalina Georgieva, the head of the International Monetary Fund to assess the scale of the crisis facing the global economy, she doesn’t mince her words. “It is the worst crisis since the Great Depression. But it is more than that because it is a combination of a health crisis and an economic … Read more ‘Worst crisis since Great Depression’: IMF boss gives blunt assessment of global economy | ITV News