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Australian stocks could return to March rout levels

Bloomberg Australian shares may revisit the seven-year low reached last month as oil volatility and worries over the financial impact of the coronavirus dampened a recent rally. The S&P/ASX 200 index has reclaimed about 17% from the trough on March 23, having faltered last week after entering a technical bull market earlier this month. With the Reserve Bank of Australia ...

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JPMorgan to unlock trillions of liquidity with tech partnership

Bloomberg JPMorgan Chase & Co. is looking to help blue-chip companies untether trillions of dollars locked up in corporate supply chains globally through a new technology partnership. The bank is working with Taulia Inc., a platform that provides working capital solutions, to redistribute liquidity to smaller suppliers of large, investment-grade companies. The multinational firms will have the option to pay ...

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BofA’s CEO says getting small business loans shouldn’t be a race

Bloomberg Bank of America Corp. (BofA) Chief Executive Officer Brian Moynihan said the US government’s small business loan program should be fully funded, rather than having companies scramble for the cash required to get through the economic hit from coronavirus. “If you qualify for this program it’s like getting unemployment authorization and then you have to win a foot race ...

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