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2020-04-02 21:11:59| Guardian Unlimited Business - more business news

Original coronavirus scheme was fiddly, slow and rested too heavily on banks judgmentCoronavirus latest updatesSee all our coronavirus coverageWhat was wrong with the governments first version of its emergency loan package for small businesses? The problem is vividly illustrated by this statistic: only 983 companies have had loans approved so far. Thats versus 130,000 inquiries.The running totals released by the Treasury for the first time since the Coronavirus Business Interruption Loan Scheme, or CBILS, was launched on Monday last week support the loud complaints from small businesses in search of cash. The scheme was fiddly, slow and rested too heavily on banks judgments about eligibility. Continue reading...

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28.02 NFO Alert: HDFC Mutual Fund launches HDFC Income Plus Arbitrage Omni FOF 28.02 Crypto trend-following trade finds relief after sharp selloff 28.02 IPO Calendar: Primary market to see 1 new public offer, but 9 listings grab headlines next week 28.02 Opportunities in smallcap and midcap stocks increasing: WhiteOak's Trupti Agrawal 28.02 OpenAI strikes a deal with the Defense Department to deploy its AI models 28.02 New era of trade volatility: What the courts decision and Trumps tariff pivot mean for commodities 28.02 Titan Company shines, Britannia Industries steadies: consumer stocks back in play 28.02 Oil prices rise more than 2% as US and Iran extend talks More »