Edgewater Announces Delay in Filing Under CSA Instrument Governing Relief under COVID-19 Duress

OTTAWA — Edgewater Wireless Systems Inc. (YFI; TSX.V) (OTCQB: KPIFF) has announced that due to circumstances created by the COVID – 19 pandemic it will not be filing its Financial Statements for the Three and Nine Months ended January 31, 2020 by the scheduled due date of March 31, 2020 (as required by section 4.4(b) […]

U.S. senators urge coronavirus delay to June 1 USMCA trade deal start date

WASHINGTON — A bipartisan group of 19 U.S. senators urged the Trump administration to push back the planned June 1 start date for the new U.S.-Mexico-Canada trade pact, saying the short lead time would add to pressures on U.S. companies due to the spread of the coronavirus. Read More More: https://ift.tt/3awtX3Q

Shell drops out of major U.S. LNG project, Energy Transfer delays decision

Royal Dutch Shell Plc pulled out of a major U.S. liquefied natural gas (LNG) export plant under development following the recent crash in energy prices, quickly followed by its partner, Energy Transfer LP, delaying its final decision on whether to go ahead with the project to next year. Read More More: https://ift.tt/341uJ6n

Insto roundup: Aussie supers cut alts values; Top Temasek holdings fall by third

Asia Pacific insurers look weaker as markets collapse; Australia pension funds slash private asset valuations; Asian Development Bank invests $100m into India’s sovereign wealth fund; GPIF’s CIO leaves and it pushes into green bonds and real estate; Korea insurers prepare for mergers; Temasek’s value plummets by one-third and more. More: https://ift.tt/3dGgxEq

Halo to Postpone Reporting Annual Financial Results Due to Delays Caused by the COVID-19 Pandemic

The Company is relying on the exemption provided in Ontario Instrument 51-502 – Temporary Exemption from Certain Corporate Finance Requirements (the “Instrument“) of the Ontario Securities Commission (and similar exemptions provided by other Canadian securities regulators) to postpone the filing of the following continuous disclosure documents (collectively, the “Disclosure Documents“): Read More More: https://ift.tt/2X1UzWF

Airbnb to pay out $250 mln to hosts to help ease coronavirus cancellation pain

Airbnb said on Monday it was allocating $250 million to help offset losses by hosts around the world whose guests have canceled bookings in the face of the coronavirus pandemic, following its announcement earlier this month that guests could get full refunds for certain reservations. Read More More: https://ift.tt/2WSZYir

Prophet Capital to dissolve hedge fund amid ‘extreme volatility’

BOSTON — Prophet Capital Asset Management LP, an investor in loans and structured credit securities hit by recent market turmoil, plans to temporarily block withdrawals from one of its hedge funds and ultimately dissolve it, according to a letter sent to investors on Monday seen by Reuters. Read More More: https://ift.tt/2UOstez

Fiat Chrysler executives, salaried employees to take pay cuts during coronavirus pandemic

Fiat Chrysler Automobiles NV’s top executives and salaried workers around the globe will take pay cuts in an act of “shared sacrifice” brought on by the coronavirus pandemic that has shuttered the automaker’s plants in Europe and North America, according to a company memo seen by Reuters. Read More More: https://ift.tt/2JwnWrP