(Bloomberg) -- The Federal Reserve said a facility designed to purchase eligible corporate debt from investors will launch on May 12, bringing a key part of the U.S. central bank’s emergency coronavirus lending program online following weeks of anticipation.The so-called Secondary Market Corporate Credit Facility will begin purchases of eligible exchange-traded funds invested in corporate debt on Tuesday, the New York Fed said Monday on its website. It was first announced in March and has played an important role in keeping financial markets relatively calm since then.Another facility designed to buy debt directly from issuers -- the Primary Market Corporate Credit Facility -- will launch “in the near future,” according to the announcement.Congress allocated $454 billion in equity to backstop the Fed loans as part of the more than $2 trillion economic relief package passed in March. The secondary market facility is the first Fed program using funds from the stimulus...
Europe's share markets, bond yields and the euro all inched higher on Tuesday, as mildly reassuring signals from China's economy helped limit worries about a potential second wave of coronavirus infections. The mood was decidedly fragile, with five new virus cases in Wuhan - the original epicentre of the outbreak - renewed trade tensions and a tussle over negative U.S. interest rates all part of the mix. London's FTSE, Frankfurt's DAX and Milan and Madrid clawed higher early on, but France's CAC40 and Wall Street S&P 500 futures were stuck in the red after Asia had struggled overnight too....
Asian shares tumbled on Tuesday on growing worries about a second wave of coronavirus infections after the Chinese city where the pandemic originated reported its first new cases since its lockdown was lifted. Restaurants are open, but seats are empty....
Asian shares skidded on Tuesday on growing worries about a second wave of coronavirus infections after the Chinese city where the pandemic originated reported its first new cases since its lockdown was lifted. Hong Kong's Hang Seng index was among the hardest hit , down 1.4% followed closely by Australia , off 1.3%. The worrisome news follows a fresh outbreak in night clubs in South Korea and record number of new cases in a day in Russia....
Asian equities and oil prices were set to slip on Tuesday amid growing investor worries about a second wave of coronavirus infections after the Chinese city where the pandemic originated reported its first new cases since its lockdown was lifted. The central Chinese city of Wuhan reported five new confirmed cases on Monday, casting doubts over efforts to lower coronavirus-related restrictions across the country as businesses restart and individuals went back to work. Hong Kong's Hang Seng index futures were down 0.68% while Japan's Nikkei 225 futures were off 0.1%....
Logitech said demand accelerated in the three months to the end of March as schools and offices shut down to prevent the spread of the disease and their staff started using its video conferencing equipment, software and webcams. The rise in remote working - teachers giving lessons via video link and doctors giving virtual consultations - contributed to an increase in sales in the company's fiscal fourth quarter to $709.2 million from $624.3 million a year earlier. "Video conferencing, working remotely, creating and streaming content, and gaming are long-term secular trends driving our business," Chief Executive Officer Bracken Darrell said in a statement....
