March 17, 2020

Credit Suisse sees 2020 economic contraction in Mexico of 4%

Credit Suisse sharply lowered its forecast for Mexican economic growth this year and now expects a 4.0% contraction, citing “significant downside risks,” according to a note […]
March 17, 2020

Fed moves to backstop funding for U.S. companies as coronavirus fallout spreads

The U.S. Federal Reserve moved Tuesday to ensure the flow of credit to U.S. companies, banks and even local governments amid a nationwide scramble for ways […]
March 17, 2020

Fed officials flag possible further steps in Fed crisis response

Federal Reserve officials are deliberating over next steps in their response to the fallout from the coronavirus epidemic, with some urging a broad debate about how […]
March 17, 2020

Wall Street jumps after Monday’s historic sell-off as Fed boosts liquidity to fight coronavirus effect

The S&P 500 rose 6% on Tuesday, clawing back a significant portion of Monday’s steep losses, as the Federal Reserve and the White House took further […]
March 17, 2020

Fed’s short-term corporate funding plan boosts stocks, gold, dollar

Gold, the dollar and global equity markets rose on Tuesday after the Federal Reserve said it would buy short-term corporate debt directly from companies to help […]
March 17, 2020

U.S. Treasury approves revival of Fed primary dealer backstop

U.S. Treasury Secretary Steven Mnuchin on Tuesday said he approved the creation of a new primary dealer credit facility to ease credit market disruptions caused by […]
March 17, 2020

Uber, Lyft suspend pooled rides in U.S., Canada to limit spread of coronavirus

Uber Technologies Inc and Lyft Inc Tuesday began suspending shared rides on their ride-hailing platforms in the United States and Canada to limit the spread of […]
March 17, 2020

Trump pushes Congress for new coronavirus spending as Senate mulls second emergency bill

Than U.S. President Donald Trump’s administration pushed lawmakers to send money directly to Americans to counter the economic toll of the coronavirus outbreak, as the Senate […]
March 17, 2020

Peru miners halt operations to slow coronavirus spread; Chile braces for impact

Miners shuttered or wound down operations in Peru on Tuesday and were girding for extended supply chain disruptions in neighboring Chile as governments tightened restrictions to […]
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