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5 things to know before the stock market opens Wednesday

1. Futures turn positive after best quarter in over 3 decadesTraders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 20, 2020.Lucas Jackson | ReutersDow futures erase their losses and turn higher Wednesday on positive results from a coronavirus vaccine trial conducted by drug giant Pfizer and biotech BioNTech as the third quarter on Wall Street begins with hopes of a repeat of the past three months.The Dow Jones Industrial Average shot up more than 200 points, or…

PPP loans are ending. Here’s where small businesses can turn now

Jovita Carranza, head of the Small Business Administration, listens during a roundtable discussion with governors and small-business owners.Alex Wong/Getty ImagesThe Paycheck Protection Program is ending, meaning ailing small businesses will need to look elsewhere for funding.But where to turn?While there are other options that may be of help to entrepreneurs during the coronavirus-induced downturn, they are limited and may not carry favorable terms for borrowers, according to experts."When you get into a recession, the flow…

Billionaire Barry Sternlicht sees a ‘vicious cycle’ of pain if U.S. businesses can’t reopen

Billionaire global investor Barry Sternlicht told CNBC on Tuesday that the U.S. could end up in a downward spiral of economic pain if the businesses cannot get back to operating due to the coronavirus. "If we don't get people back to work and the enterprises back to getting revenues and profits, there is going to be extreme distress in the economy. Small businesses, hotels will go bankrupt. The airlines will go bankrupt," Sternlicht said on "Squawk Box." Sternlicht, founder of investment firm…

Standard Life Aberdeen dividend under threat as new boss takes reins says Berenberg

Standard Life Aberdeen PLC’s (LON:SLA) new boss could herald major changes to the group’s dividend policy, strategic direction and mergers and acquisitions, according to Berenberg. Stephen Bird, who retired from a 21-year career at Citigroup last November, most recently headed the bank’s Global Consumer Banking business, so it may signal that the FTSE 100 group plans to refocus on its retail proposition and reemphasise its wealth and platform business, said the broker. READ: Standard Life Aberdeen boss to step down…

Braveheart Investments acquires CEO’s stake in Remote Monitored Systems

Braveheart Investment Group PLC (LON:BRH) has acquired an 18.1% stake in Remote Monitored Systems PLC (LON:RMS) from Trevor Brown. Brown is chief executive of Braveheart and an executive director at RMS, which has stakes in engineering group Gyrometric and security consultancy Cloudveil. The cost of the deal is £329,000 at 0.275p per share, the closing mid-price on 29 June, with the consideration to be paid through the issue to Brown of 2.63mln shares at a price of 12.5p. Upon completion, Trevor Brown will no longer…

NR Private Market sees great value in Sonoro Metals with two interesting projects in Mexico

NR Private Market and Minexia CEO Richard Lloyd and Kenneth MacLeod, President and CEO of Sonoro Metals joined Steve Darling from Proactive to discuss the platform that works to identify and help raise funds for mining companies that fit their criteria, including Sonoro Metals. MacLeod discusses the company and their two projects, Cerro Caliche and San Marcial. Published at Tue, 30 Jun 2020 20:41:00 +0000-NR Private Market sees great value in Sonoro Metals with two interesting projects in Mexico

Upcoming Japan Tankan & Consumer Confidence Surveys

There has been something odd about the yen, lately, tomorrow we might get some clues as to why. There is a host of key data coming out, but the Tankan survey could answer a couple of open questions. It could also give better insight into where the exchange rate is heading in the medium term. Over the last couple of weeks, there has been a drop in appetite for risk as different countries around the world reported an increase in COVID-19 cases. The US, in particular, has seen a dramatic rise. One would expect to see a stronger…

‘It was a scary, unnerving time’ — Coronavirus prompts Arizona spa owners to close back down

Jacy and Seth Boyack reopened their Arizona massage spa earlier this month from pandemic-driven closures. But they shut Citrus Massage back down after four days, citing safety concerns from the Covid-19 outbreak. In an interview Monday on CNBC's "The Exchange," Jacy Boyack said that even working the front desk, she felt concerned. "I'm not a massage therapist. ... I thought, 'If I'm nervous to be at work, how can I expect my employees to go into a 10-by-10 room and really be in such a high-touch industry?'"…

Coming Up: UK, Spain & Canada GDP

As we are coming to the conclusion of the second quarter, we are about to hit a deluge of key economic data. This data will likely determine whether we keep trending in a V shape, or turn down into the second wave of the W. The increased uncertainty has all but erased the most recent attempt by markets to push higher, and once again we are in limbo. Everyone expects Q2 data to be worse than Q1. However, the hope is to see a clear turn to the upside starting around mid-May. Companies that have reported so far have indicated…

Vietnam Holding investing in industrialisation, urbanisation and consumerism

Fundamentally we think that companies that pay back to society and have better governance will do well and get a better rating. A number of investors are attracted to our ESG and are engaged on that. Craig Martin, chairman of Dynam Capital (the fund’s manager) About Vietnam “Vietnam defeated the Chinese many years ago, they defeated the French and defeated the Americans,” says Craig Martin, chairman of Dynam Capital. “And it looks like it is round one to Vietnam against the coronavirus.” Martin is attempting to…