Qatar Investment Authority is generating strong returns on a multi-billion dollar bet it made on distressed debt and highly rated bonds at the start of the COVID-19 crisis, two sources familiar with its move said.
Pandemic cash and guarantees avert disaster for industry IMF warns of bankruptcy wave, debt risk when aid unwound
FRANKFURT, Jan 19 (Reuters) - Government support is keeping roughly one in ten German companies afloat that would otherwise have gone bust during the coronavirus pandemic, the International Monetary Fund has found.
In a report that on Tuesday laid bare the scale of economic damage masked by state aid, the Fund also warned that, once support was unwound, bankruptcy could soar, potentially weakening Germany’s banks.
The analysis said the pandemic impact was worst for hotels and restaurants, where almost a third of loans could have gone unpaid without state relief.
Japanese government bonds were steady to slightly firmer on Tuesday, with solid demand at a 20-year bond auction allaying fears that the Bank of Japan could widen its policy target in March.
United States moves to sanction a pipe-laying vessel Fortuna Germany under renewed pressure amid Kremlin critic Navalny’s arrest in Moscow Kremlin closely follows developments, plans to complete works Extracts from Gazprom’s Eurobond prospectus (Adds Kremlin comments)
MOSCOW, Jan 19 (Reuters) - Russian gas producer Gazprom has acknowledged in a Eurobond prospectus seen by Reuters on Tuesday that there are risks that the Nord Stream 2 gas pipeline project may be suspended or scrapped amid political pressure.
The undersea Russia-to-Germany pipeline, set to double the existing Nord Stream’s annual capacity to 110 billion cubic metres, has become a point of contention between Moscow and Washington, which has slapped sanctions against the project.
Bank of America Corp executives said on Tuesday they were optimistic the bank could return to loan growth this year, after the coronavirus pandemic caused its loan book to shrink on an annual basis for the first time since 2014.