Month: February 2020

(Bloomberg) — A $22 billion injection into Chinese markets won’t be enough to prevent the country’s stocks and currency falling on Monday, but it may ease a global sell-off sparked by the spread of the coronavirus.That’s according to analysts after the People’s Bank of China and other regulators announced a slew of measures to shore up their financial markets when they re-open following the Lunar New Year holiday.The central bank said Sunday it will use reverse repurchase agreements to supply 1.2 trillion yuan of liquidity on Monday, with the figure coming to 150 billion yuan ($21.7 billion) on a net …read more […]

New York Community Bancorp, Inc. (NYSE:NYCB) is about to trade ex-dividend in the next 4 days. You will need to… …read more […]

All-time low rates for this time of year have put mortgages in high demand. …read more […]

Regular readers will know that we love our dividends at Simply Wall St, which is why it’s exciting to see Intel… …read more […]

Tech billionaire Manuel Medina has already moved across town and is ready to move on from the lavish mansion he paid $7 million for in 2013, but he hasn’t had luck finding a buyer. …read more […]

International Business Machines Corporation (NYSE:IBM) stock is about to trade ex-dividend in 4 days time. Ex-dividend… …read more […]

(Bloomberg) — As Irish Prime Minister Leo Varadkar welcomed European Commission President Ursula von der Leyen, there was plenty of noise. Here was the European Union’s top official coming to Dublin on the first full day of an election campaign.But as von der Leyen commended him for his statesmanship during Britain’s divorce from the EU, outside the building that houses Ireland’s key ministries police were corralling protesting farmers as they hurled invective at the man they blame for neglecting them.“We are broke, and the government knows we are broke,” said Vincent Harrington, who that mid-January morning had driven 160 kilometers …read more […]

Kuwait and Saudi Arabia have started preparation work to resume crude oil production from the al-Khafji oilfield jointly operated by the two countries, with initial output expected around the end of February, two industry sources said. Kuwait and Saudi Arabia, both members of the Organization of the Petroleum Exporting Countries (OPEC), agreed last year to end a five-year dispute over the area known as the Neutral Zone, allowing production to resume at two jointly run fields that can pump up to 0.5% of the world’s oil supply. Trial production of about 10,000 barrels per day (bpd) from Khafji …read more […]

China’s central bank said it will inject 1.2 trillion yuan ($173.8 billion) worth of liquidity into the markets via reverse repo operations on Monday, as the country prepares to reopen its stock markets amid a new coronavirus outbreak. China’s authorities have pledged to use various monetary policy tools to ensure liquidity remains reasonably ample and to support firms affected by the virus epidemic, which has so far claimed 305 lives, all but one in China. The People’s Bank of China made the announcement in a statement published on its website on Sunday, adding the total liquidity in …read more […]

Concerns over the outbreak of coronavirus from China have largely overshadowed corporate results, but the back half of the earnings season could hold greater sway over the performance of individual stocks. Earnings-related stock moves have been smaller this season in comparison with the average over the past 12 quarters, according to data from options research company ORATS. The muted moves reflect a broader trend of subdued volatility that had limited price fluctuations in a range of assets over the last several months. …read more […]

(Bloomberg) — Chinese regulators unveiled a slew of measures to ensure stability of its $45 trillion financial system as the nation stepped up the fight against the spreading virus.The People’s Bank of China announced Sunday it would supply 1.2 trillion yuan ($174 billion) to money markets on Monday. The securities regulator that it would halt night sessions for futures trading from Monday until further notice, and allow some share pledge contracts to be extended by as long as six months as part of measures to improve market expectations and prevent irrational behavior.That follows the announcement by the banking regulator a …read more […]