Confidence among large Japanese manufacturers fell sharply in March due to a tax hike and the novel coronavirus crisis, the Bank of Japan’s Tankan survey showed on Wednesday. The index for the quarterly survey slid to minus 8 from zero three months ago, falling into the negative for the first […]
9Finance
Asian stocks under pressure – 9Finance
Asian shares are facing another fall as the coronavirus sharply slows global growth, leading a gauge of world stocks to post its biggest quarterly decline in more than a decade and oil prices to trade near lows last seen in 2002. Shares on Wall Street tumbled on Tuesday, with the […]
Kathmandu announces capital-raising – 9Finance
Kathmandu Holdings will raise $NZ207 million ($A201 million) to strengthen its balance sheet amid the coronavirus pandemic and a 40 per cent drop in profit. The New Zealand company will raise equity via a fully underwritten $NZ30 million institutional placement and a 1.2 for one pro-rata accelerated non-renounceable entitlement offer […]