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Europe takes slow lane to recovery as stimulus outpaced by US
BRUSSELS: While the United States rushes toward a blockbuster fiscal stimulus package to accelerate its recovery from the coronavirus crisis, much of Europe is pootling along in the slow lane.
Junk firms are posing as green warriors to reduce debt
LONDON: Junk-rated companies owned by private equity firms are tapping environmental, social and governance (ESG) narratives to cut borrowing costs. Debt investors worry about being played.
Global bond rout puts Australia’s central bank on frontline
SYDNEY: The bond market rout is starting to test the resolve of global central banks, and nowhere is that clearer than in Australia, where policymakers are struggling to defend their yield targets.
MicroStrategy plans to purchase more bitcoin
VIRGINIA: MicroStrategy Inc, the enterprise software firm that has embraced bitcoin investing, said it paid an average US$52,765 for nearly 20,000 tokens last week after issuing US$1.05bil in convertible bonds.
Pandemic, EU billions drive Greece's digital revolution
ATHENS (Reuters) - Before COVID-19, visits to Greece's paper-strewn labour offices were a ordeal of queues and case files, often for basic matters that in less than a year have moved online as the pandemic upended old administrative routines.
US applauds improving labour conditions in Cambodia
PHNOM PENH (The Phnom Penh Post/ANN): The US embassy has expressed appreciation of efforts by the Ministry of Labour and Vocational Training in handling complicated labour issues which have arisen in the wake of recent economic disruptions.
Axiata posts RM256mil loss in 4Q, declares 5 sen dividend
KUALA LUMPUR: Axiata Group Bhd, which posted a net loss of RM255.95mil in the fourth quarter ended Dec 31, 2020 (4Q20), has declared a second interim dividend of five sen per share.
Growing its investments
TOKYO: SoftBank Group Corp plans to expand its investments in the biotech and health-care sector, opening up a new front in its growing asset management strategy, according to people familiar with the matter.
Sycamore’s Belk files for bankruptcy
CHARLOTTE: Belk Inc, the chain owned by Sycamore Partners, filed for bankruptcy on Tuesday in an effort to tame debt at the struggling retailer.
Powell signals Fed to keep buying bonds
FEDERAL Reserve chairman Jerome Powell (pic) signalled that the central bank was nowhere close to pulling back on its support for the pandemic-damaged US economy even as he voiced expectations for a return to more normal, improved activity later this year.