Europe’s €750 billion pandemic emergency plan The Governing Council of the ECB had emergency meeting yesterday and decided to create a new relief program that will run to at least the end of 2020. Its initial size is EUR 750 billion – or over 6% of the
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Coronavirus has plunged the world into a recession, according to S&P S&P has official announced its expectation the global economy to enter into a recession due to the coronavirus in 2020. “The initial data from China suggests that its economy was hit far harder than projected, though
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Stocks Tumble, Treasuries Rally on Virus Worries: Markets Wrap The turmoil in global market continues on Monday as the emergency FED rate cut fails to calm the markets. More and more analyses point to the real possibility of recession in 2020. The near zero interest rate will
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Coronavirus: Stocks plunge amid US-Europe travel ban The negative impact of the COVID-19 pandemic on the global economy appears to be increasing by the day. A 30 day ban on EU-US travels by President trump is taken negatively by the markets. The BBC reports on the expected
Read more →Global shares plunge in worst day since financial crisis Global markets have been indicating substantial worries about the future. In many places there is open talk of a new recession, while some call the COVID-19 a ‘black swan’ event. As BBC reports the effects of the market
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Lebanon Will Default on Foreign Debt Payment Amid Deepening Economic Crisis The Government of Lebanon announced it will default on $1.2 bn payment on Monday 9/3/20. The decision reflects the economic and political turmoil the country finds itself in. Hassan Diab – the newly appointed Prime Minister-
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Dearveum has the pleasure to be part pf Block.IS acceleration program On the 28 and 29.1.2019 Deriveum participated in the section event of Block.IS in Istanbul. We have the pleasure to have been selected to participate in the acceleration program. Deriveum is funded by Block.IS (Blockchain Innovation
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Thomas Cook’s Rescue Tests Reputation of Default Protection Bloomber’sstory emphasizes the peculiar situation of Thomas Cooks default swaps. There is a real possibility for the CDS holders to get unpaid, even though Thomas Cook is close to a default. This is due to a specific technicality, where
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Investors turn to credit derivatives amid fears of liquidity freeze in next market crisis This article by Sunny Ho describes a new trend among money managers’ strategies to ensure liquidity. By purchasing and backing their trades with CDS the money managers ensure that there would be sufficient
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Argentina is heading to default once again. The administration is looking to compel investors to increase the maturity of the bonds they hold, as the Treasury appears not to have the ability to repay the notes that are coming due by the end of the year. The
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