Japan’s banks and borrowers battle over lending benchmark as clock ticks on Libor

LIBOR REIGNS – FOR NOW With no consensus, many companies still insist on using Libor for new contracts. SoftBank Group Corp (9984.T) used Libor in an up-to-500 billion yen loan the company announced in February, two sources said. A spokeswoman for SoftBank said it didn’t disclose details of the contract.

Indian benchmark index Sensex reports biggest 1-day gain in over 10-years

“Aided by news that the infections were peaking in some of the worst affected areas around the world, the Indian markets in sync with the global markets, witnessed a relief rally. Investors are also awaiting an ease in lockdown procedures, so companies can get down to generating business,” said Vinod Nair, Head of Research at […]

Nvidia GPUs with nearly 8,000 CUDA cores spotted in benchmark database (updated)

It’s also a pretty safe bet that this set are underperforming members of their species. The largest pair have maximum clocks of 1.1 GHz, as recorded by Geekbench. The little one ran at 1.01 GHz. By the time the silicon graduates from engineering sample status they’ll probably reach full-blooded clocks of well over 1.5 GHz, […]

Standard Chartered commits $75 billion toward SDGs

Standard Chartered has a broad range of sustainable finance product offerings that can be deployed to help clients pivot their business towards a more sustainable model. Nirukt Sapru, CEO Vietnam and ASEAN and South Asia Cluster Markets, Standard Chartered Bank, said, “While Vietnam is making good progress in the implementation of SDGs, significant investments are […]

Coronavirus live updates: Jack Dorsey commits $1 billion to coronavirus relief

1:25 p.m. Supreme Court postpones hearings for this term, including Trump tax case: The Supreme Court, while continuing to issue rulings, has postponed its remaining hearings this term because of the coronavirus. Some of the unheard cases are time-sensitive, including attempts by House Democrats and New York prosecutors to obtain President Trump’s financial records. But […]

Modeling coronavirus: ‘Uncertainty is the only certainty’

One challenge for modelers is dealing with seesawing death totals from overburdened public health departments. A state’s data might show big swings in deaths — but only because a backlog of reports showed up all at once. The tremendous leaps in deaths in a single day could throw off predictions.

Modeling coronavirus: ‘Uncertainty is the only certainty’

One challenge for modelers is dealing with seesawing death totals from overburdened public health departments. A state’s data might show big swings in deaths — but only because a backlog of reports showed up all at once. The tremendous leaps in deaths in a single day could throw off predictions.

Legoland launch free ‘Building Challenge’ videos to teach kids how to make advanced models

The new Legoland in New York will now open in 2021 after the grand opening was due to take place this year.

Warren Buffett Would Like a Full Tab of Viagra, Please

Warren Buffett does not think that the $787 billion rescue package launched in February had quite enough pizzazz. “Our first stimulus bill … was sort of like taking half a tablet of Viagra and having also a bunch of candy mixed in,” the Oracle of Omaha and Noted Dirty Talker told Good Morning America this […]

In the coronavirus pandemic, the Prime Minister must chart a course between saving lives and saving the economy

What the experts are saying about coronavirus: There doesn’t appear to be any evidence that animals can spread the virus to people or be a source of the infectionIt doesn’t seem that asthma is a particular risk for more severe or intensive care admission of COVID-19