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FP Trading Desk (Canada) 04/03/2020 07:36
LONDON — Global stock markets sank on Friday, as more companies flagged a hit to business from the coronavirus pandemic while oil prices extended their previous day’s gains on hopes of a cut to global supply. With virus-fighting lockdowns raising the risk of a prolonged global downturn, investors continued to seek the safety of the […]
FP Trading Desk (Canada) 04/03/2020 06:45
JOHANNESBURG — South African logistics firm Transnet said on Friday it would resume the transport of non-essential goods including minerals and other commodities during a nationwide lockdown, after reducing those services in the past week. The transport and handling of all cargo from South African ports of entry to their intended destination was no longer […]
FP Trading Desk (Canada) 04/03/2020 06:37
LONDON — Britain is expanding the scope of its export insurance policy to cover exporters against the risk of non-payment if customers become insolvent, joining other European countries that have provided insurance support for their supply chains. UK Export Finance, a government department, on Friday said it has expanded the policy to cover transactions with […]
FP Trading Desk (Canada) 04/03/2020 06:36
BEIJING — JPMorgan has reached agreement with its Chinese partner to increase its stake in its Chinese mutual fund venture to 100%, joining BlackRock and Neuberger Berman to grow its presence in the world’s second biggest economy. The U.S. firm’s asset management arm expects to proceed with the required processes to complete the transaction to […]
FP Trading Desk (Canada) 04/03/2020 05:45
VIENNA — Austria is introducing a repayment moratorium on loans to consumers and small companies hit by the coronavirus pandemic, Finance Minister Gernot Bluemel said on Friday, adding that the measure covers roughly three million loans. Soon after Austria was effectively put on lockdown more than two weeks ago, the coalition government of conservatives and […]

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