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Chinese Banks Rush To Issue quot;virus NCDs quot; To Fund Anti-virus Campaign

2021-05-31T19:19:32Z

WendiMagarey:

SHANGHAI, Feb 20 (Reuters) - Chinese banks are rushing to issue low-cost deposits via the interbank market to help [http://bordersalertandready.com/?s=fund%20companies&search=Search fund companies] that are fighting the coronavirus outbreak. A total of 26 banks are issuing negotiable certificate of deposits (NCDs) on Thursday to raise roughly 17 billion yuan ($2.43 billion) in total that will to be lent to companies involved in epidemic prevention and control, according to the National Interbank Funding Center. Such "virus NCDs" carry lower interest rates than normal NCDs, which could help lower funding costs for [https://www.kynghidongduong.vn/tours/tour-trung-quoc-nam-ninh-truong-gia-gioi-phuong-hoang-co-tran-6-ngay.html tour du lịch phượng hoàng cổ trấn] such companies. China has already encouraged the issuance of anti-virus bonds, and virus loans, to help channel more money into sectors that have been hardest hit by the outbreak, which has killed over 2,000 people, infected 74,000 and [https://www.kynghidongduong.vn/tours/tour-trung-quoc-nam-ninh-truong-gia-gioi-phuong-hoang-co-tran-6-ngay.html kynghidongduong.vn] caused widespread economic disruptions. Issuers of the virus NCDs include major state lenders such as Bank of China and Construction Bank, as well as small banks such as Bank of Kunlun and Bank of Changsha. ($1 = 6.9975 Chinese yuan renminbi) (Reporting by Samuel Shen and Josh Horwitz; [http://www.travelwitheaseblog.com/?s=Editing Editing] by Kim Coghill)

Basketball-FIBA Postpones 3x3 Olympic Qualifier In India Over...

2021-05-29T18:09:32Z

WendiMagarey:

March 4 (Reuters) - The FIBA 3x3 Olympic qualification tournament that was scheduled to take place in India later this month has been postponed due to concerns about the coronavirus, the governing body said on Wednesday. The International Basketball Federation said its decision to postpone the March 18-22 tournament in Bengaluru was made after careful consideration regarding the outbreak of the [https://www.behance.net/search?content=projects&sort=appreciations&time=week&search=coronavirus coronavirus]. The event was set to include 40 teams - 20 for each gender - who would battle it out for six tickets to Tokyo 2020, where 3x3 basketball will make its Olympic debut. FIBA said it is working in close collaboration with the International Olympic Committee on the best solution possible since the event needs to occur before the April 24-26 FIBA 3x3 Universality Olympic Qualifier Tournament in Budapest. The governing body also said its 3x3 Asia Cups have been rescheduled with the May 13-17 competition in Changsha, [https://www.kynghidongduong.vn/tours/tour-trung-quoc-nam-ninh-truong-gia-gioi-phuong-hoang-co-tran-6-ngay.html kynghidongduong.vn] China moved to September from May and the 3x3 Under 17 event in Cyberjaya, Malaysia, moved to October from June. In addition, [https://www.kynghidongduong.vn/tours/tour-trung-quoc-nam-ninh-truong-gia-gioi-phuong-hoang-co-tran-6-ngay.html tour du lịch phượng hoàng cổ trấn] the governing body said the men's and women's FIBA Under 16 Asian Championships, which were due to take place in Beirut and Canberra, respectively, have both been canceled. The coronavirus outbreak has prompted the cancellation or [https://www.kynghidongduong.vn/tours/tour-trung-quoc-nam-ninh-truong-gia-gioi-phuong-hoang-co-tran-6-ngay.html tour du lịch phượng hoàng cổ trấn] postponement of numerous major international sporting events and raised concerns about the Tokyo Olympics which is due to start on July 24. (Reporting by Frank Pingue in Toronto, editing by Pritha Sarkar)

User:WendiMagarey

2021-05-29T18:09:25Z

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