Month: April 2020

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Apr.19 — Emily Lau, former chairperson of Hong Kong’s Democratic Party, talks about the arrest of 15 people on Saturday including prominent pro-democracy activists and a lawmaker. The move is drawing fresh condemnation from the U.S. while also antagonizing protesters who paralyzed the city for much of last year. Lau speaks on “Bloomberg Daybreak: Asia.” …read more […]

Caution gripped Asian share markets on Monday on expectations a busy week of corporate earnings reports and economic data will drive home the damage done by the global virus lockdown, while a glut of supply sent U.S. crude spiralling to 20-year lows. Japan reported its exports fell almost 12% in March from a year earlier, with shipments to the United States down over 16%. MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.2% in slow trade, with a pause needed after five straight weeks of gains. …read more […]

* U.S. gold futures slipped 0.7% to $1,687.20. * Governors in U.S. states hardest hit by COVID-19 sparred with President Donald Trump over his claims they have enough tests and should quickly reopen their economies as more protests are planned over the extension of stay-at-home orders. * U.S. Democrats and Republicans are near agreement on approving extra money to help small businesses hurt by the pandemic and could seal a deal as early as Monday, Trump said, despite hopes for a deal on Sunday. …read more […]

China Development Bank (CDB) Financial Leasing Co said on Monday it had agreed with Boeing Co to cancel the purchase of 29 undelivered 737 MAX jets, adding to a string of recent cancellations of the grounded airplane. “In light of evolving aviation market dynamics, we’ve been working together with Boeing over many months to re-calibrate our MAX orderbook to be in line with our long-term view of the market and related opportunities,” Xuedong Wang, chairman of CDB Financial unit CDB Aviation, said in a statement. Boeing recorded a total of 150 MAX cancellations in March, including …read more […]

Apr.19 — Talks between the U.K. and Europe resume later today via video conference as they try to reach a post-Brexit trade deal in the shadow of the coronavirus pandemic. Bloomberg’s Jodi Schneider reports on “Bloomberg Daybreak: Asia.” …read more […]

Caution gripped Asian share markets on Monday on expectations a busy week of corporate earnings reports and economic data will drive home the damage done by the global virus lockdown, while U.S. crude prices took an early spill. Japan reported its exports fell almost 12% in March from a year earlier, with shipments to the U.S. down over 16%. MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.2% in slow early trade, with a pause needed after five straight weeks of gains. …read more […]

(Bloomberg) — Jim McDonald is using all of his four decades of experience in financial markets to navigate the global pandemic’s impact for wealthy and institutional customers at Northern Trust Corp. His main message: be bullish on U.S. stocks.The huge policy response from American authorities and prospects for even more fiscal measures have left McDonald favoring the U.S. over others. For the chief investment strategist at Northern Trust, which manages about $1.2 trillion, this earnings season won’t offer much to investors. What’s more important is understanding how the economy will get back on its feet as restrictions ease, he says. …read more […]

(Bloomberg) — More than a dozen publicly traded companies with revenue of more than $100 million, including Shake Shack Inc., Potbelly Corp. and a Tex-Mex restaurant chain with more than 10,000 employees, received loans through a massive relief program aimed at small businesses.With a $349 billion lending package for small business owners now exhausted, a review of regulatory filings shows that restaurant chains and companies in industries ranging from mining to manufacturing to cruise travel received large amounts, while much smaller businesses like neighborhood eateries and hair salons were locked out.The disclosures could fuel calls for Congress to provide another …read more […]

Apr.19 — President Donald Trump says talks between the White House and Democrats in Congress are near an agreement that would add cash to a program aimed at helping small businesses. He speaks at a White House briefing. (Excerpt) …read more […]