Hong Kong government to lead $5 billion rescue package for Cathay Pacific
Cathay Pacific Airways Ltd announced on Tuesday a recapitalisation plan worth HK$39 billion ($5.03 billion) led by the Hong Kong government to help it weather...
Hong Kong govt to lead $5 billion rescue package for Cathay Pacific
Cathay Pacific Airways Ltd announced on Tuesday a recapitalisation plan worth HK$39 billion ($5.03 billion) led by the Hong Kong government to help it weather...
Prepping portfolios for next market storm? Not just gold and govvies
G7 government bonds? Check. Gold? Check. But that may not be enough as the coronavirus crisis accelerates a hunt for a wider pool of assets...
Explainer: How will Britain pay for coronavirus borrowing?
British government borrowing is soaring to levels not seen since World War Two, something Prime Minister Boris Johnson and his finance minister Rishi Sunak will...
Asian shares extend gains as economic recovery hopes build
Asian stocks extended their winning streak for the ninth consecutive session on Tuesday and oil prices rose as the lifting of coronavirus lockdowns in many...
Once bitten, not shy: Investors again seek margin loans as stocks rally
Global banks are seeing renewed appetite from wealth management clients to borrow money to buy stocks as markets rebound, bankers said, which comes just months...
Exclusive: Chanel, Revlon, L’Oreal pivoting away from talc in some products
Chanel, Revlon and L’Oreal, three of the biggest brands in cosmetics, are quietly moving away from using talc in some products as U.S. cancer lawsuits...
Oil prices rise as easing of lockdowns spurs fuel demand hopes
Oil prices climbed on Tuesday as the easing of coronavirus lockdown measures across the globe lifted trader hopes for a swift recovery in demand, though...
Hong Kong govt to lead Cathay Pacific bailout package: SCMP
Hong Kong’s government will lead a near HK$30 billion ($3.9 billion) bailout package for Cathay Pacific Airways Ltd giving it two observer seats in the...
China’s troubled Baoshang rescue exposes fault lines in bank reform drive
In May 2019, China’s central bank announced a shock takeover of a lender, its first such move in 20 years, citing “serious credit risks”. Creditors...