Thursday , May 28 2020

International News

ECB’s loan package to give European funding markets a break

Bloomberg European funding markets have thus far been stubborn in correcting. This may be about to change. A new European Central Bank (ECB) loan facility for tackling the pandemic, known as PELTRO, will be allotted. The interest rate will be 25 basis points below ECB’s main refinancing operations, currently 0%. ...

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OFID, DFIs to mobilise billions of dollars in response to Covid-19

VIENNA / WAM The Opec Fund for International Development (OFID), joined a group of more than 25 development finance institutions (DFIs) scaling up cooperation in response to Covid-19. The group committed to providing and mobilising billions of dollars of funding to support the private sector in delivering critical healthcare supplies, ...

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Covid-19 reveals risks to UK supply chains before Brexit

Bloomberg Coronavirus-fractured supply chains are providing a wake-up call to British business and leaders with just seven months to go before Brexit triggers the biggest shakeup of trading relationships in a generation. Eighty-two percent of small- and medium-sized manufacturers say the pandemic has affected their supply chains. That’s according to ...

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