Credit rating ‘Fallen angel’ danger at record high: S&P Global

Economy10 hours ago (May 15, 2020 04:35AM ET) LONDON (Reuters) – The number of companies or countries at risk of seeing their credit ratings cut to junk from investment grade has been pushed to a record high of 111 by…

London’s Canary Wharf draws up plans for return to work: FT

Economy11 hours ago (May 15, 2020 03:00AM ET) (C) Reuters. The spread of the coronavirus disease (COVID-19) in London LONDON (Reuters) – London’s Canary Wharf has drawn up detailed plans to bring bankers, accountants and lawyers back to the financial…

Swedish central bank to use Blackrock for corporate bond market analysis

Economy9 hours ago (May 15, 2020 04:50AM ET) (C) Reuters. FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York STOCKHOLM (Reuters) – Sweden’s central bank will engage BlackRock’s Financial Markets Advisory for analysis work on…

Britain, EU dig in their heels in trade talks

Economy6 hours ago (May 15, 2020 08:30AM ET) 2/2 (C) Reuters. A pound coins are placed on broken glass and British flag in this illustration picture taken 2/2 By Gabriela Baczynska and Guy Faulconbridge BRUSSELS/LONDON (Reuters) – Britain and the…

Germany to ban subcontracting in meatpacking industry after virus outbreaks

Economy7 hours ago (May 15, 2020 06:41AM ET) 2/2 (C) Reuters. FILE PHOTO: The spread of the coronavirus disease (COVID-19) in Hamm 2/2 BERLIN (Reuters) – Germany will order meatpacking plants to stop using subcontractors and to improve hygiene standards…

Virus-hit German economy plunges into recession

Economy4 hours ago (May 15, 2020 09:40AM ET) 2/2 (C) Reuters. Outbreak of the coronavirus disease (COVID-19) near Frankfurt 2/2 By Joseph Nasr and Paul Carrel BERLIN (Reuters) – Germany’s economy slumped in the first quarter at its steepest rate…

Goldman pushes ahead with 1,460 India hires, internships

Economy7 hours ago (May 15, 2020 06:41AM ET) 2/2 (C) Reuters. FILE PHOTO: The Goldman Sachs company logo is seen in the company’s space on the floor of the NYSE in New York 2/2 By Patrick Graham (NYSE:GHM) and Anirban…

Exclusive: Turkey seeks global funding help to gird against lira shock

(C) Reuters. Turkish lira banknotes are seen in this illustration By Orhan Coskun and Jonathan Spicer ANKARA (Reuters) – Turkey’s government has appealed to foreign allies in an urgent search for funding, three senior Turkish officials said, as it prepares…

U.S.-based stock funds post $3.2 billion weekly inflow: Lipper

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Mexico central bank cuts rates to 5.5%, virus impact seen bigger in second quarter

Economy10 hours ago (May 14, 2020 02:50PM ET) MEXICO CITY (Reuters) – The Mexican central bank’s governing board unanimously voted on Thursday to cut the key interest rate to the lowest level since December 2016, warning the impact of the…

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