SoftBank Group said on Monday it is selling or monetising up to 4.5 trillion yen ($41 billion) in assets to buy back 2 trillion yen of its shares and reduce debt, sending its stock soaring to its biggest daily gain in nearly 12 years. The share buyback will be in addition to the up to […]
Archives for March 2020
Treasury yields fall as coronavirus cases rise, relief bill stalls
At around 3:20 a.m. ET, the yield on the benchmark 10-year Treasury note, which moves inversely to price, was lower at 0.8340% while the yield on the 30-year Treasury bond was down at 1.4508%. Fears over the economic fallout from the pandemic were likely exacerbated as partisan battles in the U.S. Senate stalled a proposed […]
Coronavirus outbreak: Uber, Ola suspend services in Delhi till March 31
Services of Ola and Uber will not be available in Delhi till March 31 amid the lockdown announced by the Delhi government to contain the spread of coronavirus infection. The state government on Sunday said the city will be in lockdown from March 23 to 31, under which no public transport, including private buses, taxis […]
High-quality credit boosts 20 largest bond funds in 2020
All but two of the industry’s largest fixed-income funds have experienced losses this year. With few places left providing shelter from unprecedented levels of volatility, analysis shows high-quality credit is best equipped to forestall losses. The 20 largest bond funds hold more than $1.3 trillion in combined assets under management, Morningstar Direct data show. With […]
Telcos want streaming firms to cut load
Phone companies have sought the joint intervention of the telecom department and the home ministry to coax over-the-top (OTT) video streaming services to expedite steps to ease pressure on telco networks amid a surge in video consumption as vast swathes of the workforce work from home amid the Covid-19 outbreak. These services include Netflix, Amazon […]
SC to conduct hearings via video conferencing from today
The Supreme Court will formally begin on Monday tackling its work through video-conferencing in a bid to further limit human interface and the spread of Covid-19 in the court. A full court meeting has also been called by the CJI to discuss further measures to prevent the spread of the corona virus. In a first, […]
State curbs choke ecommerce supplies
Illustration: Rahul Awasthi Ecommerce operators were forced to cancel or reschedule lakhs of orders for essential goods such as food, groceries and medicines across several cities on Sunday as local authorities and the police ordered them to shut warehouses, blocked trucks carrying supplies and dissuaded delivery agents from moving around on the streets. The action […]
Working from home: keeping yourself sane indoors
Cabin fever is no joke. Ever seen The Shining? We don’t want any ‘Here’s Johnny!’ moments going down in your living room. With a larger and larger percentage of Aussie workers confining themselves indoors and working from home, there’ll be considerations of wellbeing that go beyond effective work practices. Let’s not all go stir-crazy, hey? […]
Regulators clear way for certain loan modifications amid pandemic
Borrowers concerned about meeting loan obligations amid the disruption caused by the coronavirus pandemic got some relief Sunday from a host of regulators who pledged jointly to clear the way for critical loan modifications. A statement issued by several federal and state banking regulators spelled out agreement to ease certain restrictions that borrowers might normally […]
Bank Regulators Ease Accounting for Troubled Debt Modifications – Bloomberg Tax
Six banking regulators on Sunday offered accounting relief to banks facing an onslaught of customer requests to extend loan terms or reduce interest rates due to the new coronavirus pandemic. The agencies said in a joint statement that not all loans modified because of Covid-19 should be considered troubled debt restructurings. The statement matters because […]