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Money printing, huge stimulus packages rekindle interest in gold
SINGAPORE: Carlyle Group Inc and Singapore sovereign-wealth fund GIC Pte are using fake excuses to renege on buying a 20% stake in American Express Global Business Travel, according to a lawsuit unsealed in the US.
THE firings of Luckin Coffee Inc.’s chief executive officer and her lieutenant in an escalating scandal over faked transactions is another body blow for the Chinese chain, which expanded at breakneck speed trying to supplant Starbucks Corp. as the dominant barista in a booming coffee culture.
JAKARTA (The Jakarta Post/ANN): Indonesian borrowers are selling a record amount of dollar bonds, as the country’s strong fiscal track record in recent years fuels optimism on its ability to weather the Covid-19 crisis.
New York: The S&P 500 dropped 2% on Tuesday as investors took profits following a warning from the top U.S. infectious disease expert that premature moves to reopen the nation's economy could lead to novel coronavirus outbreaks and set back economic recovery
LONDON: Bank Indonesia is poised to buy sovereign bonds directly from the government, underscoring a massive shift that is playing out in Asia’s investment landscape.
JAKARTA: Bank Indonesia is poised to buy sovereign bonds directly from the government on Tuesday (April 28), underscoring a massive shift that is playing out in Asia’s investment landscape.
NEW YORK: An investor group backed by Global Infrastructure Partners (GIP) and Brookfield Asset Management Inc is seeking a loan of about US$8bil to finance the potential purchase of a stake in Abu Dhabi National Oil Co’s (Adnoc) natural gas pipelines, according to sources.
SAN FRANCISCO: Home-sharing leader Airbnb Inc lined up US$1bil in debt, adding to last week’s same-size haul and boosting a financial cushion it can use to grow and pay bills as the global coronavirus pandemic crushes demand for travel and diminishes the prospect of an initial public offering.
MEXICO CITY (Reuters) - Mexican President Andres Manuel Lopez Obrador said on Saturday that he had a video call with BlackRock Chief Executive Officer Larry Fink to discuss the novel coronavirus and its impact on the world economy. He gave no further details.