The unprecedented increase will see total global corporate debt jump by 12 percent to around $9.3 trillion, adding to years of accumulation that has left the world’s most indebted firms owing as much as many medium-sized countries.
Last year also saw a sharp eight percent rise, driven by mergers and acquisitions, and by firms borrowing to fund share buybacks and dividends. But this year’s jump will be for an entirely different reason – preservation as the virus saps profits.
“COVID has changed everything,” said Seth Meyer, a portfolio manager at Janus Henderson, the firm that compiled the analysis for a new corporate debt index. “Now it is about conserving capital and building a fortified balance sheet”.
Diese Geschichte stammt aus der July 14, 2020-Ausgabe von The Philippine Star.
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Diese Geschichte stammt aus der July 14, 2020-Ausgabe von The Philippine Star.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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David Young turns heartbreak stories into debut single
For any songwriter, both newbie and an established one, a composition begins with toying with an idea and following its lead. Once the rhythm to create music has been set, the tune-smith can complete such a task in days or even weeks.
KATHRYN AND ALDEN PROVE LOVE FINDS A WAY IN 'HELLO, LOVE, AGAIN'
IN \"HELLO, LOVE, AGAIN,\" THE LOVE STORY OF JOY AND Ethan — portrayed by Kathryn Bernardo and Alden Richards — once again brings kilig and tears while also offering valuable lessons to moviegoers.
Belle Mariano grateful to work with Disney for 'Moana 2' theme song
Kapamilya star Belle Mariano was handpicked to reinterpret in Filipino the song Beyond from Disney's animated film ''Moana 2.\"
Gwen Stefani's Bouquet is a romantic return to mellow rock - with an ageless voice
Words and phrases like \"nostalgia\" or \"back to her roots\" come to mind when listening to Gwen Stefani's fifth studio album, Bouquet—and it is in no way negative.
LOVI POE PAYS TRIBUTE TO TALENT MANAGERS
Lovi Poe exuded beauty, grace, and confidence during her recent guesting on \"Fast Talk with Boy Abunda.\" She takes good care of her health by running every morning despite her hectic schedule here and abroad.
AND NOW, CLOTHING GEMS
I have always known Tim Tam Ong as a passionate jeweler whose craftsmanship with gems is exquisite. So pleasantly surprised was I to see her displaying handpainted clothes at the Bench-Katutubo pop-up event a few weeks ago.
WILLIAM KLEIN: A HUNGER FOR LIFE
If the photographs of the late William Klein draw you in, it's because he always had that relentless curiosity both for people and for life itself – a trait that shone through and was infectious when viewing the exhibit, \"All the World's a Stage\" at the MAAT (Museum of Art, Architecture and Technology).
THE GOLD STANDARD
Did you know that the owner of the fastest-growing and leading pawnshop and remittance companies in the country isn't even into jewelry?
LIVING YOUR LIFE IN AMERICAN OUTFITS
American Eagle shoppers, including a number of celebrities and beauty queens, trooped to the branch at SM Aura recently to get their favorite pair of AE jeans customized with chains, charms and colorful waist tighteners.
Audi Q8 e-tron takes Manila-Baguio-Manila drive on a single charge
Journalists, EV advocates experience the 100% electric SUV's long-range capability
