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Corporate News

United States equities won’t revisit March lows

BANGALORE: United States equities will not revisit the lows hit in March 2020, but the next big correction in stock markets could be triggered by corporate defaults, Mohamed El-Erian, chief economic adviser at Allianz SE, said.

Banking

Japan short of rescue plans for regional lenders hit by pandemic

KYOTO: The coronavirus pandemic is deepening the pain for Japan’s regional lenders, heightening concerns that a potential wave of business closures will test policymakers’ ability to avert a damaging banking sector crisis.

Logistics

Cargo airline cashing in on junk bond boom

ESTERO (Florida): At a little known cargo airline that handles shipments for United Parcel Service Inc and Amazon.com Inc, business is booming.