Lenders led by Credit Suisse Group AG are targeting the family assets of Luckin Coffee Inc. Chairman Lu Zhengyao as they try to recoup losses on more than $500 million in margin loans that soured after the company became embroiled in an accounting scandal.
U.S. stock indexes dropped on Friday as Sino-U.S. tensions weighed on markets struggling to gauge the pace of economic recovery from the coronavirus.
U.S. stock indexes moved in a flat-to-low range on Friday as simmering Sino-U.S. tensions weighed on markets struggling to gauge the pace of economic recovery from the coronavirus.
Investors will need to be more agile than ever as Covid-19 reinforces many of the trends driving the world economy prior to the outbreak.
The following are the indices of major stock markets worldwide on Friday.
- Major stock market indices worldwide (Xinhua News Agency: May 22, 2020 at 2:06 AM)
- Major stock market indices worldwide (Xinhua News Agency: May 21, 2020 at 11:49 PM)
U.S. stocks opened flat on Friday as investors pitted hopes of more stimulus to revive an ailing economy against deteriorating U.S.-China relations over Beijing’s move to impose a national-security law in Hong Kong.
Indian shares slid on Friday, as banks fell after the central bank decided to cut policy rates and extend a relief period for loan repayments in an effort to contain the economic fallout of the COVID-19 pandemic.
U.S. stock indexes were set for a near-flat open on Friday as investors weighed hopes of more stimulus to revive an ailing economy against simmering Sino-U.S. trade tensions.
India has drafted rules proposing tighter scrutiny of new Foreign Portfolio Investors (FPIs) from China and Hong Kong, three government sources told Reuters, its latest effort to check foreign inflows during the coronavirus pandemic.
- India plans scrutiny of new portfolio investors from China, Hong Kong (Reuters: May 22, 2020 at 5:46 AM)
- India plans tighter scrutiny of new FPIs from China, Hong Kong (Business Today: May 22, 2020 at 7:12 AM)
A Chinese proposal to impose national security laws on Hong Kong could see mainland intelligence agencies set up bases there, raising fears of direct law enforcement and what U.S. Secretary of State Mike Pompeo called a “death knell” for the city’s autonomy.