Corona Capital: U.S. passenger rail service Amtrak needs an extra $1.5 billion of government help; advocates for Swiss sex workers propose ways to reopen their business. Read more:
Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.. Amtrak, America’s perennially beleaguered passenger-rail operator, is asking for an extra $1.5 billion of government support to get it through Covid-19. The provider of lucrative Washington-New York-Boston services also runs a network of often slow and money-sucking routes elsewhere.
The 3 billion euro lender’s rationale looks bizarre. So-called “MAC clauses” are designed to protect buyers by letting them walk away from a transaction if anything extraordinary happens. The pandemic is definitely one of those events. But it’s up to Intesa to decideBiotech feverfor its experimental Covid-19 treatment pushed the stock up as much as 6% on Wednesday, extending a 60% rally since the start of the year.
The pandemic is injecting some much-needed excitement into the local bourse: The Hang Seng biotech index is up by more than a tenth this year, compared to a 13% slump for the benchmark. That bodes well for Hong Kong’s ambitions to become a biotech hub to rival the Nasdaq. Since it lowered listing barriers for startups two years ago, the Hong Kong exchange has attracted 28 such companies, with nearly a dozen more waiting to go public.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Corona Capital: Lufthansa, Axa, Hong Kong cashConcise views on the pandemic’s corporate and financial fallout: Berlin has finally taken its fair pound of flesh from Lufthansa; Axa’s French restaurant payout is unappetising news for insurers; the virus prods Hongkongers into the age of the digital wallet, to HSBC’s benefit.
Read more »
Breakingviews - Corona Capital: Lufthansa, Axa, Hong Kong cashFrom Breakingviews: Berlin takes its fair pound of flesh from Lufthansa, and Axa’s French restaurant payout is unappetising news for insurers. Catch up with the latest financial insights here:
Read more »
Corona Capital: NYSE trading floorThe New York Stock Exchange has partially reopened its trading floor, in a test of whether old habits really will persist even when they serve little purpose. Read the latest pandemic-related financial insights here
Read more »
'Corona town': Cuban graffiti depicts anguish, urges courageA skeleton reaches up from the ground to clutch at a fantastical winged creature. A hunched figure wearing a face mask drags behind it an entangled mass of stricken faces and lanky limbs. A butterfly flutters out of the mouth of a body laid to rest.
Read more »
Swiss to announce further relaxation of coronavirus rules: NZZSwitzerland will decide on Wednesday on further relaxations of restrictions brought in to stem the spread of the new coronavirus, including how to reopen nightclubs and football stadiums, the Neue Zuercher Zeitung paper reported.
Read more »
Breakingviews - Corona Capital: Lufthansa, Axa, Hong Kong cashFrom Breakingviews: Berlin takes its fair pound of flesh from Lufthansa, and Axa’s French restaurant payout is unappetising news for insurers. Catch up with the latest financial insights here:
Read more »