Markets
Covid 19 Impact: Franklin Templeton Winds Up 6 Credit Funds
On Friday, while announcing the closure of the six debt schemes, the fund house said that after the coronavirus pandemic-induced volatility in the financial market, inflows into these schemes dried substantially. Before this event, Franklin enjoyed the confidence of investors because of its lineage and strong processes. With assets worth over Rs 860 billion as of the end of March, Franklin ... [Full Article...]
Prime Minister Trudeau taking cautious approach to economic recovery plans
The program now will be eligible for small businesses to lower rents in April, May and June. Each province will have to make its own adjustments, Trudeau said, while adding that the national government would retain an important coordinating role to avoid confusion. [Full Article...]
Price of Gas Falls Below $2 a Gallon in Hellertown Area
Locally gas prices remain relatively high compared with prices in some other states. Amid the CCP (Chinese Communist Party) virus pandemic, there have been reports of Wisconsin gas stations dramatically lowering their prices to less than $1 per gallon in recent weeks. [Full Article...]
Oil heads for third straight weekly slide
On top of that, throughout the week, both USA and UK crude futures' prices had witnessed wild swings with Brent crude dropping to a two-decade low and the U.S. Riyadh then added fuel to the fire by announcing deep discounts in April contracts and promising to ramp up production by over 20 percent, with other countries following suit as traders bought up the cheap oil and put it in storage in hop... [Full Article...]
Ontario confirms 437 new cases of COVID-19, 24 more deaths
On Wednesday, the Ford government called on the Canadian military to be used as an extra resource in long-term care homes across the province. A new federal program that would cover 75 per cent of commercial rent over a three-month period for eligible small businesses is being welcomed as a good first step, but also leading to concerns it could leave too many firms out in the cold. [Full Article...]
Motorists with auto finance to get three-month payment freeze
The measures being put in place include a three-month payment freeze for motor finance, buy-now pay-later (BNPL), rent-to-own (RTO) and pawnbroking agreements. "However, shifting debt from consumer to businesses has the ability to create further pressure in these volatile times". Customers will continue to be allowed to drive the vehicle. [Full Article...]
Significant number of coronavirus cases at USA meat plants
Hesse said basic measures just aren't adequate. Among the latest was the closure Wednesday of Tyson Foods' huge pork-processing plant in Waterloo, Iowa, after numerous workers tested positive. Edgar Fields, president of the Southeast Council of the Retail, Wholesale and Department Store Union, which represents thousands of poultry workers, said it's hard to know if the precautions will protect wor... [Full Article...]
FCC approves 6GHz band for unlicensed uses, including Wi-Fi
Its greater strength is expected to provide better Wi-Fi at stadiums, offices and other public venues that no one is able to visit now. At a time when more Americans than ever work from home and depend on fast and stable internet connectivity for jobs as well as for consuming news and entertainment, an FCC vote Thursday represents the biggest change in Wi-Fi since late 1980s. [Full Article...]