From Breakingviews: Beijing weighs its financial soft-power priorities, and Sweden’s H&M offers a glimmer of hope. Catch up with the latest pandemic-related insights here:
Asian Infrastructure Investment Bank President Jin Liqun attends a news conference at the AIIB headquarters in Beijing, China, August 31, 2016.BEIJING WEIGHS FINANCIAL SOFT-POWER PRIORITIES. The China-led Asian Infrastructure Investment Bank will lend $5 billion to members to help them fight Covid-19, AIIB President Jin Liqun told the Financial Times on Friday.
HIGH STREET HOPE. H&M on Friday offered an early glimpse into just how bad coronavirus lockdowns will be for retail sales. In the $18 billion Swedish clothing company’s first-quarter update, CEO Helena Helmersson revealed that Chinese sales collapsed by 84% in February. This looks like a gloomy harbinger of what’s to come in Europe and the United States, where H&M makes the bulk of its revenue. In-store sales seem likely to plunge given 3,778 of the group’s 5,065 stores are closed.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Breakingviews - Corona Capital: Dongfeng, Poison pills, Ireland(Reuters Breakingviews) - Breakingviews has launched a daily column covering pandemic-related insights that you might have missed. Throughout the day, we’ll bring you shorter-than-usual views from columnists around the world with the same financial savvy on companies, economies and capital markets during this important unfolding story.
Leer más »
Breakingviews - Corona Capital: AMS mess, BP cuts, Pirelli(Reuters Breakingviews) - Breakingviews has launched a daily column covering pandemic-related insights that you might have missed. Throughout the day, we’ll bring you shorter-than-usual views from columnists around the world with the same financial savvy on companies, economies and capital markets during this important unfolding story.
Leer más »
Corona Capital: Uncle Sam’s penchant for boutiquesConcise views on the pandemic’s corporate and financial fallout. The U.S. government has given a boost to independent investment banks by hiring Moelis. Perella Weinberg and PJT are its bailout advisers. Megabanks like JPMorgan and Goldman Sachs, meanwhile, are left on the shelf.
Leer más »
The crown vs. coronaFor the kings and queens of Europe, the coronavirus pandemic is starting to look a lot like wartime
Leer más »
'Magic The Gathering' releases Spacegodzilla, Death Corona in next expansion and they're already sorryThe card will be renamed in later reprints of the Ikoria: Lair of Behemoths set.
Leer más »
Mexico stops brewing Corona beer, deemed non-essential in epidemicMexico's Grupo Modelo said on Thursday it will temporarily stop brewing Corona beer and other brands exported to 180 countries after its business activities were declared non-essential under a government order aimed at curbing the spread of the coronavirus.
Leer más »