March 16, 2020

Trump congratulates Fed for rates cut, calls action ‘terrific’

U.S. President Donald Trump said the Federal Reserve’s decision on Sunday to cut interest rates was “good news” and “makes me very happy” as he congratulated […]
March 16, 2020

What do the Fed’s latest moves mean for U.S. consumers?

The U.S. Federal Reserve unleashed new emergency measures on Sunday night to limit the economic harm from the coronavirus, including making it easier for banks to […]
March 16, 2020

Quotes from Federal Reserve Chair Powell’s press conference

The U.S. Federal Reserve and global central banks moved aggressively on Sunday to buttress a world economy unraveling rapidly amid the coronavirus pandemic, with the Fed […]
March 16, 2020

Big U.S. banks halt stock buybacks, citing customer needs during coronavirus

The United States’ biggest banks will stop buying back their own shares, and will instead use that capital to lend to individuals and businesses affected by […]
March 16, 2020

Instant View: Fed cuts rates to buffer economy from coronavirus

The Federal Reserve cut interest rates for the second time in less than two weeks on Sunday in an emergency move to help shore up the […]
March 15, 2020

Under water? Banks play home loan lottery as insurers bail out

Only a year after losing their homes to floods in parts of Australia’s north eastern coast of Queensland, people are moving into new houses built on […]
March 15, 2020

Goldman downgrades U.S. growth forecast for first and second quarter due to coronavirus

Goldman Sachs Group Inc has downgraded its U.S. growth forecast for the first and second quarters in the wake of the economic fallout from the coronavirus […]
March 15, 2020

Volkswagen says preparing to suspend production at Bratislava plant

Volkswagen is preparing to suspend operations at its manufacturing plant in Bratislava, the company said on Sunday, after Slovakia declared a state of emergency due to […]
March 15, 2020

Oil giants set health checks for critical staff, work-from-home rules

Major energy companies in the United States imposed work-from-home rules for office staff and began health checks for remote or critical workers as coronavirus spread and […]
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