Tag: Covid-19

March 24, 2020 BY Steffy Bogdanova

Toronto Stock Exchange and TSX Venture Exchange to take relief measures for listed insurers in response to Covid-19

Loui Anastasopoulos, President, Capital Formation, TMX Group said: The profound impacts of the COVID-19 crisis are being felt across all industries and companies, including emerging and established listed companies in Canada and around the world. Public companies play a vital role in the success and long-term viability of Canada's economy and constitute a crucial segment…

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March 24, 2020 BY Steffy Bogdanova

SEC temporarily allows additional flexibility to investment companies affected by Covid-19

Chairman Jay Clayton commented: Today’s temporary action will provide an additional tool that funds can use to manage their portfolios for the benefit of their investors in the current market environment. This action provides funds with additional flexibility to navigate volatile markets while meeting their obligations to investors. The temporary flexibility is a latest step…

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Japan
March 23, 2020 BY Steffy Bogdanova

Japan considers spending ¥30 trillion to counter coronavirus impact

During the 2008 global financial crisis, caused by the implosion of US housing market, Japan released packages for over ¥15 trillion to combat the financial crisis. Liberal Democratic Party policy chief Fumio Kishida said: We need more drastic measures. Policy chief at Komeito, the LDP’s coalition partner, Noritoshi Ishida suggested granting fixed amount without setting…

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Goldman Sacks supports money market funds with $1 billion
March 23, 2020 BY Steffy Bogdanova

Goldman Sachs spends $1 billion to support money market funds

The assistance came as an extraordinary move in the staid money-market fund industry after another week of volatile markets. Goldman’s plans were disclosed to the US Securities and Exchange Commission last Friday. Investors in the US withdrew tens of billions of dollars from prime money-market funds, which buy top-rated corporate debt. Usually, the are tame…

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March 20, 2020 BY Steffy Bogdanova

UK & US firms predict recession in 2020

In the UK, 33% of firms expect the economy to shrink and over 14% expect it to contract by 1-3%. Another 6% believe the UK economy will stay flat with no growth. In the US, 16% of firms expect the economy will shrink in 2020, most likely by 1-3% (7%) and 6% also expect it…

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regulations
March 20, 2020 BY Steffy Bogdanova

EU financial regulators protect the market by banning short selling

On Wednesday, the Financial Services and Markets Authority (FSMA) of Belgium announced a ban on entering into a short sale. It might constitute or increase a net short position on stocks admitted to trading to Belgian trading venues. The short sale prohibition includes: “any transaction which creates, or relates to, a financial instrument and where…

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scam company
March 18, 2020 BY Steffy Bogdanova

Thieves steal $2 million with pandemic essentials scam

INTERPOL Secretary General Jürgen Stock commented: Criminals are exploiting the fear and uncertainty created by COVID-19 to prey on innocent citizens who are only looking to protect their health and that of their loved ones. Steven Yang, marketing director at AnChain.AI, noted that some of the scams are being facilitated by cryptocurrency. His company has…

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