China: Jack Ma sends a message to the US with coronavirus Covid-19 test kits
Jack Ma, co-founder of Alibaba Group On Friday, the Jack Ma Foundation announced that it would be sending 500,000 coronavirus test kits and a million protective face masks to the US. The bundles are due to arrive on US shores...
In a financial markets panic, investors may find the answer in strong drink
With financial markets crashing, investors selling anything there’s a bid for to raise cash, big and small corporations wondering how to cope with lost revenues and so many people worrying about their health and how to make payments, we probably...
Central bankers among those hungry for alternative data to navigate coronavirus crisis
On February 28, foot traffic in three busy retail areas in Seattle started dropping. From 373,801 visitors to South Lake Union on that Friday, pedestrian footfall steadily declined so that by Wednesday, March 4, it was just 242,985. This was...
Coronavirus: US banks may need regulatory relief for capital markets to function
On Friday, after president Donald Trump’s rose garden press conference with corporate chief executives to announce he was taking coronavirus seriously and declare it a national emergency, Bank of America’s share price shot up 17.8%. Then, on Sunday, the Federal...
Euromoney content and the coronavirus
COPYING AND DISTRIBUTING ARE PROHIBITED WITHOUT PERMISSION OF THE PUBLISHER: SContreras@Euromoney.com By: Clive Horwood Published on: Tuesday, March 17, 2020 A message from the editor Euromoney’s editorial mission is to provide our readers with a window on the world of...
African Eurobond plans off the table after oil price plunge
Nigeria’s plans to issue a $3.3 billion Eurobond to fund its budget and refinance loans this year will be delayed, after Eurobond yields across emerging markets shot up due to the oil price plunge and the increasing threat of the...
Oil vs coronavirus: How will Gulf economies fare?
Gulf countries are in a tight spot. At a time when increased government spending is needed to offset the negative impact of coronavirus, Saudi Arabia has forced oil prices down to $30 a barrel. For those with strong enough economies,...
Monetary policy: The ECB has admitted its limits
It couldn’t have come on a worse day: Christine Lagarde had US president Donald Trump to thank for that. Her first big test as president of the European Central Bank (ECB) was already an all-but impossible one to pass, and...
Goldman takes on transaction banking
Goldman Sachs launched its new US transaction banking offering in June. Following the launch of its consumer brand, Marcus, in 2016, the move is the latest of the firm’s new initiatives to target big pools of revenue in markets where...
Capital markets: Is Hong Kong’s future really so bleak?
Hong Kong has suffered a torrid 18 months. A year of riots was followed by a pandemic and, most recently, Beijing’s move to impose a new national security law. Many experts have called time on a fascinating, freewheeling, and above...