Daily Archive: May 19, 2020

New Zealand reports no new coronavirus cases for second straight day By Reuters

© Reuters. New Zealand eases regulations implemented to curb the spread of coronavirus disease in Auckland

SYDNEY (Reuters) – New Zealand recorded no new coronavirus cases for the second straight day on Tuesday, but authorities said it was premature to discuss moving the country to “level one” in its scale of alert.

The Pacific nation, home to more than 5 million, moved to “level 2” last week, allowing cafes, shops and restaurants to reopen under strict social distancing rules.

“We are only just into alert level two; we still need to settle into the full alert level two parameters,” Director-General of Health Ashley Bloomfield told a news conference in Wellington.

Bloomfield said there was “still a long way to go” for the country to move into alert level one, which means the virus has been contained in the country.

“Even at this point, when we got zero or no cases

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What Canada’s big pension plans were buying and selling in the first quarter of the COVID-19 market

Some of Canada’s largest pension plans made significant changes to their equity holdings during a first quarter that saw markets plunge in response to the COVID-19 pandemic, recent filings suggest.

But the major funds, which must disclose their U.S.-listed holdings on a quarterly basis to the U.S. Securities and Exchange Commission, appeared to take different approaches in navigating the crisis.

The Ontario Teachers Pension Plan and the Caisse de dépôt et placement du Québec, for example, appeared to be buyers when it came to their bigger positions, using the quarter to add to many of those stakes. The Alberta Investment Management Corp. and the British Columbia Investment Management Corp., meanwhile, pared many of their top holdings.

Regardless of the strategy, most saw the value of their bigger holdings decline during the three-month period ending March 31.

Teachers, for example, saw its US$636-million stake in Macerich Co., a U.S. real estate

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What to do if your stimulus check is for the wrong amount

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The good news? Your stimulus check arrived. The bad news? It’s not for the amount you were expecting.

Last week the IRS released new guidance laying out a few of the reasons your check might be a bit leaner than what you were hoping for, noting that “some Americans may have received a payment amount different than what they expected.”

The primary culprits? The agency was relying on your most recent filing (which may differ from your information for the most recent year); you have added a dependent since your IRS information was updated; or your check was reduced owing to past-due child support or garnishments. As of last week the agency reported that it had “successfully delivered nearly 130 million Economic Impact Payments to Americans … Read More