Global Macro / Markets / Investing:
- Coronavirus pushes global credit rating downgrade threat to record high – Reuters
- Some 42% Of Jobs Lost In Pandemic Are Gone For Good – Forbes
- COVID-era junk bond deals begin to go sour in just 2 months – Reuters
- ‘The Top End of the Economy Will Be Fine … It Always Works out for Them’ – Bipartisan Press
- The impending debt crisis will make poor countries even poorer – Economo
- Boeing cutting more than 12,000 U.S. jobs with thousands more planned – Reuters
Americas:
- Salaries Get Chopped for Many Americans Who Manage to Keep Jobs – Bloomberg
- Canadian Real Estate Prices Expected To Drop Up To 18% – Better Dwelling
- The Mall of America hasn’t paid its $Billion+ mortgage in two months. Commercial mortgage backed securities are hurting. – CNBC
- The Next Death Wave from Coronavirus Will Be the Poor, Rural and White – Counter Punch
- Venezuela reaches deal with U.N. to buy food, medicine with gold – central bank – Kitko
- Most Canadians Want the U.S. Border to Stay Closed Longer During Coronavirus Pandemic – Huff Post
Europe:
- French economy may shrink by 20% in Q2 2020 – Economo
- ‘Europe’s Moment’: EU lays out costly rescue for squabbling bloc – Reuters
- BoE’s chief economist: We are still discussing negative interest rates – Economo
- German economy reported its biggest decline since the financial crisis – Economo
- European Commission to propose €750B EU recovery package – Politico
- Europe must not be drawn into U.S.-China spat – Yahoo
Asia:
Advertisement
- China facing soybean dilemma as it tries to balance phase one trade deal with self-reliance – SCMP
- China overpowers then US – Bloomberg
- Trump does not see how Hong Kong remains financial hub – Forex Live
- Singapore lowered its forecast for economic growth in 2020 for the third time – Economo
- India facing its worst recession in current fiscal, says Crisil – Economic Times
- China Crackdown on Hong Kong Threatens Global Order, EU Says – Bloomberg
Trans-Tasman:
- Pharmaceutical giants fined $4.5m for tricking consumers with arthritis gel – ABC
- John Howard poisoned the well — now Scott Morrison has chosen to drink from it – ABC
- Revolving Doors: want a high-paid job at the bank? Become a politician – Michael West
- The poorest Australians are twice as likely to die before age 75 as the richest, and the gap is widening – The Conversation
- Morrison government will push on with IR reform even if unions and employers can’t agree – The Guardian
- Austerity and victim blaming: Scott Morrison goes back to the old politics – The Guardian
- News Corp to axe hundreds of jobs – The SMH
- ANZ says spending has bounced – but it’s a lacklustre, ‘pretty modest’ bounce – Interest.co.nz
- Westpac the next to cut home loan rates – Interest.co.nz
-
Job numbers dropped sharply during April – Interest.co.nz