…of the coronavirus crisis, but of its high public debt and a political system that is not capable or willing to take steps to combat the large non-taxpaying black economy. In the absence of a common…
The facility currently has borrowing of 400 million pounds, and usage previously peaked at 19.9 billion pounds in 2008.
Britain’s government said it had expanded its overdraft with the Bank of England, known as the Ways and Means facility, to ensure it had access to funds in case COVID-19 disruption renders it unable to raise money from markets easily.
The Bank of Japan downgraded its view on all of the country’s nine regional economies on Thursday as the coronavirus pandemic hit the nation’s manufacturing and services sectors.
The World Bank and International Monetary Fund are racing to provide emergency funds to African countries and others to combat the virus and mitigate the impact of sweeping shutdowns aiming at curbing its spread.
UBS Group AG said Thursday that it expects net profit in its first quarter to rise, while it will pay its 2019 dividend in two installments.
The Bank of Japan cut its economic assessment for all of the country’s nine regions in a quarterly report released on Thursday, underscoring the broadening fallout from the coronavirus pandemic.
Credit Suisse Group AG said its board will propose to pay half of its 2019 dividends this month and distribute the rest later this year, following a request from Switzerland’s financial regulator.
Switzerland’s two biggest banks proposed pushing back dividend payments as the spreading coronavirus roils markets and upends businesses.
The Walt Disney Company on Wednesday said its television streaming service has already won 50 million paid subscribers just five months after its launch in the US.