Take the Money Before Things Get Worse, Junk Bond Salesmen Say

If there’s one lesson from the great financial crisis that applies to the current market turmoil, Todd Rothman argues, it’s this: take the money when it’s there. The managing director in JPMorgan & Chase’s high yield and leveraged loan capital markets team in London believes that with the future so uncertain, now is a good time for Europe’s high-yield borrowers […]

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Chinese Political Extravaganza Focuses on Growth: Eco Week Ahead

China’s annual political centerpiece, the National People’s Congress gets under way this week, two months later than usual due to the pandemic. The NPC, which is set to start on Friday, usually rubber stamps the government’s economic plans for the year, including the all-important gross domestic product target. That task has been thrown into doubt though as the government has […]

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March Saw Biggest Drop in Foreigners’ Treasury Pile This Century

Foreign holdings of Treasuries slumped in March by the most this century as pandemic-related global market turmoil sent U.S. debt yields plunging to record lows and volatility surged. Total foreign ownership of Treasuries dropped $256.6 billion to $6.81 trillion, according to a report from the U.S. government released Friday. That’s the biggest drop in data stretching back to early 2000. […]

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Coronavirus Lockdown Spurs 264% Boom in Plant-Based Meat

While there’s been talk of Americans resorting to indulgent foods as they shelter in place, they’ve instead flocked to plant-based meat and cheap pantry staples. Since the coronavirus pandemic ignited a nationwide lockdown in March, U.S. consumers have doubled purchases of all sorts of beans and canned meat, according to Nielsen data. The biggest surge of any category came in […]

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Rupee rises 6 paise to 75.50 against US dollar in early trade

On May 14, the rupee had settled 10 paise lower at 75.56 against the U.S. dollar. The rupee appreciated marginally by 6 paise to 75.50 against the U.S. dollar in early trade on May 15 as investors await fresh cues from further announcements on the fiscal stimulus package. Forex traders said the local currency was trading in a narrow range […]

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Treasuries Extend Upward Move Amid Renewed Economic Worries

Following the notable advance seen over the two previous sessions, treasuries saw further upside during trading on Thursday. Bond prices moved higher early in the session and remained firmly positive throughout the day. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, dropped 3 basis points to 0.619 percent. Treasuries benefited from their […]

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U.S. Jobless Claims in Millions Again, Higher Than Expected

The number of Americans seeking unemployment benefits remained in the millions for an eighth straight week as the economy continued to reel from the coronavirus pandemic. Initial jobless claims in state programs totaled 2.98 million in the week ended May 9, Labor Department figures showed Thursday, following 3.18 million the prior week. While filings have eased for a sixth straight […]

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Airlines in EU will not have to leave empty seats

Coronavirus grounds more than 10,000 planes Thousands of airplanes around the world are grounded due to lack of travel amid coronavirus. FOX Business’ Jeff Flock with more. Get all the latest news on coronavirus and more delivered daily to your inbox. Sign up here. Continue Reading Below BRUSSELS (Reuters) – The European Union's executive will say on Wednesday that airlines will […]

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