Category: rbssFinancialServicesAndRealEstateNews

June 18th, 2020 by Christophe

Winson Oil Trading Pte Ltd
has started legal proceedings against Standard Chartered Bank
(Singapore) Ltd to claim at least $30.4 million in payment for a
diesel cargo it sold to Hin Leong Trading Pte Ltd, court
documents showed.

Posted in Financial News, rbssFinancialServicesAndRealEstateNews

June 18th, 2020 by Christophe

China’s Vice Premier Liu He
said the country’s economic situation has gradually improved,
and that various indicators have shown marginal progress, in
prepared remarks delivered on Thursday by the chief securities
regulator.

Posted in Financial News, rbssFinancialServicesAndRealEstateNews

June 18th, 2020 by Christophe

China’s central bank
on Thursday cut the rate on 14-day reverse repurchase
agreements, as it resumed the use of the liquidity tool for the
first time since February.

Posted in Financial News, rbssFinancialServicesAndRealEstateNews

June 18th, 2020 by Christophe

Australian shares fell on Thursday,
weighed by heavyweight mining and energy sectors, as a spike in
coronavirus cases across the United States and China put a
damper on sentiment.

Posted in Financial News, rbssFinancialServicesAndRealEstateNews

June 18th, 2020 by Christophe

Proxy-adviser Glass Lewis has urged
Tesla Inc investors to vote against re-electing
chairwoman Robyn Denholm to the company’s board due to an
arrangement with Elon Musk that raises corporate governance
concerns, Bloomberg reported on Wednesday.

Posted in Financial News, rbssFinancialServicesAndRealEstateNews

June 18th, 2020 by Christophe

U.S. Treasury Secretary
Steven Mnuchin decided to pull out of negotiations on digital
services taxes with European Union officials after they failed
to make any progress, U.S. Trade Representative Robert
Lighthizer said on Wednesday.

Posted in Financial News, rbssFinancialServicesAndRealEstateNews

June 18th, 2020 by Christophe

Westpac Banking Corp said on
Thursday it has agreed to sell its remaining 9.5% stake in fund
operator Pendal Group Ltd to institutional investors
for about A$185.4 million ($128 million).

Posted in Financial News, rbssFinancialServicesAndRealEstateNews

June 18th, 2020 by Christophe

The Canadian
province of Alberta will study replacing the Canada Pension Plan
(CPP) with a provincial plan and establishing a provincial
police force, Premier Jason Kenney said on Wednesday after a
panel recommended the ideas.

Posted in Financial News, rbssFinancialServicesAndRealEstateNews

June 18th, 2020 by Christophe

British oil major BP Plc raised
$12 billion of debt with equity-like features, taking advantage
of low interest rates to fortify its balance sheet, the
Financial Times (FT) reported https://www.ft.com/content/6213ac92-9d7b-41da-9353-a2be17a37a96
on Wednesday.

Posted in Financial News, rbssFinancialServicesAndRealEstateNews

June 18th, 2020 by Christophe

The Pensions Regulator (TPR) on
Thursday published the framework for the launch of UK pension
superfunds, a new structure designed to ease the burden of
Britain’s 2 trillion pound ($2.5 trillion) final salary pension
sector on cash-strapped firms.

Posted in Financial News, rbssFinancialServicesAndRealEstateNews

June 18th, 2020 by Christophe

A lawyer representing a former
Morgan Stanley diversity officer who is suing the bank
over racial discrimination said on Wednesday the bank cut her
client’s budget for promoting diversity and financial education
by 71% from the time she started in wealth management to 2019.

Posted in Financial News, rbssFinancialServicesAndRealEstateNews

June 18th, 2020 by Christophe

The U.S. government proposed
a pause in Organization of Economic Co-operation and Development
talks about international taxation while governments work to
respond to the coronavirus pandemic, a spokeswoman for the U.S.
Treasury said.

Posted in Financial News, rbssFinancialServicesAndRealEstateNews

June 18th, 2020 by Christophe

British oil major BP Plc raised
$12 billion of debt with equity-like features, taking advantage
of low interest rates to fortify its balance sheet, the
Financial Times reported https://www.ft.com/content/6213ac92-9d7b-41da-9353-a2be17a37a96
on Wednesday.

Posted in Financial News, rbssFinancialServicesAndRealEstateNews

June 18th, 2020 by Christophe

Australian shares are set to open lower
on Thursday as a rise in coronavirus cases globally weighs on
sentiment, while weaker iron ore and oil prices will likely hurt
index heavyweights.
Virus-led restrictions were extended in Beijing as it fought
the worst resurgence of the disease in four months, while new
infections hit record highs in six U.S. states.

Both oil and iron ore prices suffered from concerns of
oversup

Posted in Financial News, rbssFinancialServicesAndRealEstateNews

June 18th, 2020 by Christophe

California on Wednesday announced the
first regulation requiring insurance companies to reduce
premiums paid by employers for U.S. workers’ compensation
insurance, citing lower risk factors as millions of employees
work from home.

Posted in Financial News, rbssFinancialServicesAndRealEstateNews

June 18th, 2020 by Christophe

Argentina will not extend
confidentiality agreements with creditors due to expire on
Wednesday, a government official told Reuters, suggesting last
ditch talks have wrapped up as the government races to strike a
deal to restructure around $65 billion in debt.

Posted in Financial News, rbssFinancialServicesAndRealEstateNews

June 18th, 2020 by Christophe

Hundreds of people who
lost jobs during the coronavirus crisis but have been unable to
get their unemployment insurance checks converged at the
Kentucky’s Capitol in Frankfort early Wednesday to seek
in-person help.

Posted in Financial News, rbssFinancialServicesAndRealEstateNews

June 18th, 2020 by Christophe

Brazilian state-controlled
oil company Petroleo Brasileiro SA is resuming plans
to unload its remaining stake in the country’s top gas station
operator, Petrobras Distribuidora SA, two people with
knowledge of the matter said.

Posted in Financial News, rbssFinancialServicesAndRealEstateNews

June 18th, 2020 by Christophe

Proposed changes to requirements that
state-run Medicaid programs are given the best drug prices would
clear the way for commercial health insurers to enter into
“value-based” payment schemes, the U.S. Centers for Medicare &
Medicaid Services said on Wednesday.

Posted in Financial News, rbssFinancialServicesAndRealEstateNews

June 18th, 2020 by Christophe

The U.S. economy is beginning to recover
from the worst of the coronavirus crisis, but with some 25
million Americans displaced from work and the pandemic ongoing,
it will need more help, Federal Reserve Chair Jerome Powell told
lawmakers on Wednesday.

Posted in Financial News, rbssFinancialServicesAndRealEstateNews

June 17th, 2020 by Christophe

Australian shares gained on Wednesday as
hopes of a global economic recovery rose after U.S. retail sales
data in May showed a record jump and boosted Wall Street
overnight.

Posted in Financial News, rbssFinancialServicesAndRealEstateNews

June 17th, 2020 by Christophe

* Infigen shares hit 3-yr high, topping offer price
(Recasts, adds analyst comment)

Posted in Financial News, rbssFinancialServicesAndRealEstateNews

June 17th, 2020 by Christophe

South Korea’s finance ministry
said on Wednesday it will further tighten mortgage rules and
apply property market curbs to additional areas outside capital
Seoul to tackle surging home prices in pockets of the
metropolitan area.

Posted in Financial News, rbssFinancialServicesAndRealEstateNews

June 17th, 2020 by Christophe

South Korea’s finance ministry
said on Wednesday it will further tighten mortgage rules and
apply property market curbs to additional areas outside the
capital Seoul to tackle surging home prices in the metropolitan
area.

Posted in Financial News, rbssFinancialServicesAndRealEstateNews

June 17th, 2020 by Christophe

Texas as early as this fall
could tighten some rules for the controversial practice of
natural gas flaring, the head of the state’s regulatory
commission said on Tuesday.

Posted in Financial News, rbssFinancialServicesAndRealEstateNews

June 17th, 2020 by Christophe

Argentina has extended
confidentiality agreements with creditors by one day to allow
further negotiations as the two sides seek a last-ditch
agreement to restructure around $65 billion in debt.

Posted in Financial News, rbssFinancialServicesAndRealEstateNews

June 17th, 2020 by Christophe

Infigen Energy on Wednesday
recommended a A$827.5 million ($569.1 million) buyout bid from
Spain’s Iberdrola to its shareholders, and urged them
to reject an earlier offer from Philippine conglomerate Ayala
Corp.

Posted in Financial News, rbssFinancialServicesAndRealEstateNews

June 17th, 2020 by Christophe

Investors who lived through this
year’s historic market sell-off only to see stocks bounce higher
say they are most frightened of another drop and have become
more wary of alternatives like hedge funds, a new report
released on Tuesday shows.

Posted in Financial News, rbssFinancialServicesAndRealEstateNews

June 17th, 2020 by Christophe

Australian shares are set to open higher
after a record jump in U.S. retail sales buoyed Wall Street
overnight, and as the domestic central bank pointed to a
shallower-than-expected economic downturn due to the coronavirus
pandemic.
All three major U.S. stock indexes ended higher as risk
sentiment received a boost from data that showed retail sales
jump by a record 17.7% in May.
The Reserve Bank of Australia on Tuesday said the economic

Posted in Financial News, rbssFinancialServicesAndRealEstateNews

June 17th, 2020 by Christophe

Tiff Macklem, in his first
public appearance as governor of the Bank of Canada, said on
Tuesday the bank remains focused on using its policy tools,
including low interest rates, to support the Canadian economy’s
recovery from the COVID-19 pandemic.

Posted in Financial News, rbssFinancialServicesAndRealEstateNews