On Friday the price of United States corporate debt fell as investors bet that credit conditions could deteriorate if key pandemic lending programs at the Federal Reserve are allowed to expire on December 31.
Euro zone inflation will remain negative for the rest of the 2020, European Central Bank Vice President Luis de Guindos said today, just after fresh data showed price growth hitting a more than four year low.
On Monday banking and insurance regulator of China issued draft rules to rein in risks accumulated in country’s booming online insurance sector.
The International Monetary Fund is pushing hard for the Group of twenty major countries to extend an initiative postponing official bilateral debt service payments by the world’s poorest countries beyond year-end, IMF spokesman Gerry Rice said today.
The former head of Chinese securities regulator has raised concern about banks addressing funding shortages by ramping up issues of short-term interbank debt instruments that have in the past attracted regulatory scrutiny.
On Sunday German health group Siemens Healthineers said it was buying U.S cancer treatment device maker Varian Medical Systems Inc for $16.4 billion, giving it a foothold in the oncology sector.
European Union and China will accelerate negotiations in order to conclude a China-EU investment agreement by the end of this year, Chinese Vice Premier Liu He said today.