ABN Amro Corporate Finance Exit Removes Risk, CFO Says

Aug.12 — ABN Amro Bank NV Chief Financial Officer Clifford Abrahams discusses the firm’s decision to exit all corporate finance outside Europe and drop its trade and commodity financing operations in a major restructuring of its corporate and investment bank. He also comments on loan loss provisions and the Covid-19 situation in the Netherlands in … Read more ABN Amro Corporate Finance Exit Removes Risk, CFO Says

Small businesses still struggling with Paycheck Protection Program

ABC News’ Alex Presha looks at a minority-owned small business in Washington, D.C. having difficulty with securing a PPP loan. WATCH the ABC News Live Stream Here: https://www.youtube.com/watch?v=w_Ma8oQLmSM SUBSCRIBE to ABC NEWS: https://bit.ly/2vZb6yP Watch More on http://abcnews.go.com/ LIKE ABC News on FACEBOOK https://www.facebook.com/abcnews FOLLOW ABC News on TWITTER: https://twitter.com/abc #ABNLPrime #PPPLoan #SmallBusinesses

Kodak shares plunge after $765 million deal blocked

Shares of Eastman Kodak Company fell about 40% on Monday and were on track for their worst single-day decline after the U.S. government blocked a $765 million loan to the company, which was going to make drug ingredients for use in possible COVID-19 vaccines, because of “alleged wrongdoing” by executives. Subscribe: http://smarturl.it/reuterssubscribe Reuters brings you … Read more Kodak shares plunge after $765 million deal blocked

Trump extends coronavirus relief as talks with Congress falter

In a move that bypasses Congress, US President Donald Trump has signed four executive orders that he says will provide economic relief to millions of Americans. It includes eviction protections, student loan relief and an extension of unemployment benefits, but at a lower weekly amount. Democrats say it provides little help to families and will … Read more Trump extends coronavirus relief as talks with Congress falter

Trump Orders Extended Jobless Benefits, Payroll Tax Deferral

President Donald Trump announced four executive actions on Saturday, including continued expanded unemployment benefits and a temporary payroll tax deferral for some workers, as the coronavirus pandemic continues to hobble the U.S. economy. Trump also ordered continued eviction protection and student-loan relief. The president said another order would provide $400 a week in jobless benefits … Read more Trump Orders Extended Jobless Benefits, Payroll Tax Deferral

Kodak’s U.S. loan disclosure put under scrutiny

The U.S. Securities and Exchange Commission is investigating the circumstances around Eastman Kodak announcement of a $765 million government loan to make drugs at its U.S. factories, the Wall Street Journal reported on Tuesday. Subscribe: http://smarturl.it/reuterssubscribe Reuters brings you the latest business, finance and breaking news video from around the globe. Our reputation for accuracy … Read more Kodak’s U.S. loan disclosure put under scrutiny

Standard Chartered’s Balance Sheet in Good Shape: CEO

Jul.30 — Bill Winters, chief executive officer at Standard Chartered Plc, discusses the company’s loan loss provisions, the potential for worldwide job cuts, dividend and the challenges he’s facing from Hong Kong’s national security law imposed by China. He speaks exclusively on “Bloomberg Daybreak: Europe.”

South African economy projected to contract by 7.2% over COVID-19

The IMF has approved a 4.3 billion U.S. dollars loan to help South Africa fight the effects of the coronavirus pandemic. But cash injection doesn’t mean the country’s economy is out of the woods just yet. It’s still projected to contract by 7.2% this year. Angelo Coppola has more. Subscribe to us on YouTube: https://goo.gl/lP12gA … Read more South African economy projected to contract by 7.2% over COVID-19

Fed Sees Dim Outlook as Coronavirus Squeezes U.S. Economy

The Federal Reserve expressed concern Wednesday that the viral outbreak will act as a drag on the economy and hiring in the coming months and said it plans to keep its benchmark short-term interest rate pegged near zero. In a statement at the end of its policy-making meeting Wednesday, the Fed acknowledged that the economy … Read more Fed Sees Dim Outlook as Coronavirus Squeezes U.S. Economy

Trump Announces $765 Million Deal with Kodak to Produce Pharmaceuticals in U.S.

US President Donald Trump has announced Eastman Kodak will receive a loan to help bolster the country’s drug supply. The Rochester, New York based company will receive a federal loan of $765 million to help reduce the country’s reliance on other countries for ingredients used in generic drugs. Kodak has branched out to offset the … Read more Trump Announces $765 Million Deal with Kodak to Produce Pharmaceuticals in U.S.

Trump Defends Support for Hydroxychloroquine as Preventative Covid-19 Treatment

President Donald Trump Trump defended his support for Hydroxychloroquine as a preventative treatment for Covid-19, saying, “I happen to think it works in the early stages,” during a news conference at the White House July 28, 2020 in Washington, DC. Trump announced that Eastman Kodak will receive a loan to manufacture ingredients used in pharmaceuticals. … Read more Trump Defends Support for Hydroxychloroquine as Preventative Covid-19 Treatment

Kodak Will Help Make Drugs to Fight Covid, Says Trump

Jul.28 — Eastman Kodak Co. shares more than tripled Tuesday on plans to secure a $765 million government loan to help produce ingredients used in key generic medicines to fight the coronavirus. The money could provide a lifeline to the Rochester, New York based company. President Donald Trump spoke about the deal at the White House.