Debt / Fixed Income Markets
China and Brazil have world’s greenest central banks, activists say
FRANKFURT (Reuters) – China has the world’s greenest central bank, followed by Brazil, both beating richer countries thanks to concrete steps such as lower interest rates on loans for pollution-fighting projects, an activist group said on Wednesday. FILE PHOTO: A man wearing a mask walks past the headquarters of the People’s Bank of China, the …
Exclusive: Buyout firm Sycamore Partners in talks to buy J.C. Penney – sources
NEW YORK (Reuters) – Private equity firm Sycamore Partners is in preliminary talks to acquire J.C. Penney Co Inc (JCP.N) out of bankruptcy should the U.S. department store chain’s negotiations with its creditors fail, three people familiar with the matter said on Friday. FILE PHOTO: Shoppers enter and leave the J.C. Penney department store in …
EU nears deal on coronavirus package as Germany puts its foot down
BRUSSELS (Reuters) – Prospects for a European Union deal on a package to support its coronavirus-battered economies brightened on Thursday as Germany put its foot down to end opposition from the Netherlands and to reassure Italy that the EU would show it solidarity. FILE PHOTO: Italian Prime Minister Giuseppe Conte addresses the Senate, the upper …
Worry, problems and strife: Investors fear markets not out of woods despite big rally
NEW YORK (Reuters) – After a brutal meltdown, some investors have been wading back into U.S. stocks. But others are wary of another leg down as the coronavirus spreads and its economic impact is difficult to predict. High-profile investors from BlackRock Inc to billionaire William Ackman have turned more bullish on equities in recent days, …
Central banks deploy record sums to break financial logjam, but may need more
LONDON/BOSTON (Reuters) – Central banks have offered trillions of dollars of support to markets in recent days to keep them from freezing up, as investors worried about the economic damage from the coronavirus and made a chaotic dash for the exits. FILE PHOTO: A trader wears a mask as he works on the floor of …
Sell signal: Trump’s shallow virus plan blows floor out of markets
SINGAPORE (Reuters) – All global investors got from U.S. President Donald Trump’s coronavirus package were a shock travel ban on Europe and a flashing signal to sell, and none of the large-scale tax breaks or medical tests for Americans they’d been expecting. U.S. President Donald Trump addresses the nation during a live television broadcast regarding …