SNB's Zurbruegg warns on property fallout from coronavirus pandemic

ZURICH, June 18 (Reuters) – Switzerland’s highly valued property market could suffer a fall in prices if the economic effects of the coronavirus pandemic are worse than expected, Swiss National Bank Deputy Chairman Fritz Zurbruegg said on Thursday. “The outlook

Brazil deficit to reach $140 billion this year -survey

BRASILIA, June 12 (Reuters) – Economists expect Brazil’s government to post a primary budget deficit this year of 709 billion reais ($140 billion), about 24% wider than the 571 billion-reais shortfall forecast just a month ago, the Economy Ministry said

Canadian retailer Comark Holdings to restructure as virus crisis weighs

June 3 (Reuters) – Comark Holdings Inc said on Wednesday it would restructure under the Companies’ Creditors Arrangement Act (CCAA) as the fallout from the COVID-19 pandemic hit the Canadian apparel retailer’s business. Apparel retailers have been facing mounting debt

Jerome Powell says Fed to keep on with coronavirus crisis fight

WASHINGTON (REUTERS) – Federal Reserve chairman Jerome Powell on Friday (May 29) reiterated the US central bank’s promise to use its tools to shore up the economy amid the coronavirus pandemic, even as investor attention is turning to the next

China Club at Capital Tower closes for good after years of losses

SINGAPORE (THE BUSINESS TIMES) – The China Club Singapore, a members-only club that has been a networking ground for many corporate executives, is closing for good after suffering years of losses amid stiff competition and rising costs. The club was