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Sunday, July 5, 2020

COVID-19: The Regulatory and Supervisory Implications for the Banking Sector

This note provides a set of high-level recommendations that can guide national regulatory and supervisory responses to the COVID-19 pandemic and offers an overview of measures taken across jurisdictions to date. The banking sector plays a critical role in mitigating the unprecedented macroeconomic and...

US escalates China tensions with tighter Huawei controls

The Trump administration has tightened export controls targeting Huawei and its suppliers in the global semiconductor industry, adding to the tensions between Washington and Beijing that have flared during the pandemic. In a statement on Friday, the commerce department said that Huawei, the Chinese telecommunications...

Bain acquires huge Tokyo land bank in $817m Showa deal

Bain Capital has completed an $817m deal to acquire Showa Aircraft Industry that buys the Boston-based private equity group a specialised materials business, a Harley-Davidson motorcycle showroom and more than a million square metres of western Tokyo. The purchase will offer Bain access to an...

US bank stocks miss out on Covid-19 rebound

Weak performance is worrying sign for US economy and broader market, say analysts US banks have become the most unloved sector in the stock market rally, as low interest rates and souring loans reflect the economic pain caused by coronavirus. The KBW Bank Index is down...

Style-conscious African Entrepreneurs turn compulsory masks into fashion accessories

by Angela Ukomadu LAGOS, May 15 (Reuters) - Nigerian fashion designer Sefiya Diejomaoh likes to wear bright, bold clothes to match her personality. She believes a global pandemic should not get in the way of her sense of style. The mask she wears, which has become...

BlackRock throws support behind US exchange start-up MEMX

BlackRock has joined a host of Wall Street banks, brokers and high-speed traders throwing their support behind Members Exchange, the new US stock-trading venue mounting a challenge to the New York Stock Exchange and Nasdaq. The world’s largest asset manager is one of five new...

Test, trace, isolate: Governments must do these three things before reopening economies, expert warns

Governments need to implement three things to break Covid-19′s “chains of transmission” before reopening their economies, a global health expert and physician told CNBC. Peter Drobac, director of the Skoll Centre for Social Entrepreneurship at Oxford University, warned on Tuesday that easing lockdowns without taking...

China-focused hedge funds record best month in half a decade

Gains in April helped by optimism over rebound by world’s second-biggest economy China-focused hedge funds recorded their best monthly performance in half a decade in April, as a rebound in the country’s markets following the coronavirus sell-off helped investors outperform their global peers. The Eurekahedge...

Liman Confirms New Commencement Date For AfCFTA

The African Continental Free Trade Agreement (AfCFTA) is expected to commence from January 1, 2021. This was confirmed to Channels Television by the Acting Chief Trade Negotiator/Director General, Nigerian Office for Trade Negotiations, Mr. Victor Liman on Thursday. The AfCFTA was scheduled to kick-off on July...

Africa postpone free trade deal due to coronavirus pandemic

LAGOS, April 28 - The implementation of a mammoth African free trade agreement will not begin on July 1 as planned due to disruptions caused by the coronavirus outbreak, a senior official said on Tuesday. “It is obviously not possible to commence trade as...
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