June 9, 2020

Tiffany amends debt agreements amid LVMH deal, sales slump

U.S. luxury jeweler Tiffany & Co said on Tuesday it had amended certain of its debt agreements in order to have sufficient liquidity to navigate the […]
June 9, 2020

Futures fall as recovery rally pauses ahead of Fed meeting

U.S. stock index futures dropped on Tuesday, giving back some gains after the Nasdaq notched a record closing high in the previous session, with focus now […]
June 9, 2020

S&P cuts Japan’s debt outlook as spending surges during pandemic

S&P Global Ratings on Tuesday lowered its outlook on Japan’s sovereign debt rating to stable from positive, citing increased uncertainty over the country’s fiscal health as […]
June 9, 2020

HSBC cuts year-end 10-year UK gilt yield forecast to 0%

HSBC said on Tuesday that it had lowered its year-end forecast on 10-year British government bond yields to 0%, given a small probability of negative interest […]
June 9, 2020

Hong Kong government to lead $5 billion rescue package for Cathay Pacific

Cathay Pacific Airways Ltd revealed on Tuesday the Hong Kong government will lead a recapitalisation plan worth HK$39 billion ($5 billion) to help it through the […]
June 9, 2020

Prepping portfolios for next market storm? Not just gold and govvies

G7 government bonds? Check. Gold? Check. But that may not be enough as the coronavirus crisis accelerates a hunt for a wider pool of assets to […]
June 9, 2020

Japanese traders gird for Fed to anchor yields, clip dollar’s wings

Japanese investors have clipped the wings of a resurgent U.S. dollar as they position for the likelihood that the U.S. Federal Reserve will take steps to […]
June 9, 2020

Exclusive: Banks to Berlin – Loosen coronavirus cash rules for firms

Germany’s bank lobby is set to urge the government to drop some of the conditions attached to a trillion euro rescue scheme, arguing that companies are […]
June 9, 2020

Hong Kong government says does not intend to hold Cathay Pacific stake long-term

Hong Kong’s government does not intend to hold a stake in Cathay Pacific Airways Ltd long term after leading a rescue package to help it through […]
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