Monetary / Fiscal Policy / Policy Makers
Russian border becomes China’s frontline in fight against second virus wave
SUIFENHE, China (Reuters) – China’s northeastern border with Russia has become a frontline in the fight against a resurgence of the coronavirus epidemic as new daily cases rose to the highest in nearly six weeks – with more than 90% involving people coming from abroad. A resident wearing a face mask walks past a shopping …
Seen everywhere in last U.S. crisis, moral hazard is nowhere in this one
SAN FRANCISCO/WASHINGTON (Reuters) – As the U.S. Federal Reserve rolls out trillions of dollars to blunt the economic fallout of the coronavirus pandemic, there’s a notable difference to the last financial crisis: close to zero concern over “moral hazard” – the sticky business of bailing out those whose dilemma is of their own making. FILE …
EU nears deal on coronavirus package as Germany puts its foot down
BRUSSELS (Reuters) – Prospects for a European Union deal on a package to support its coronavirus-battered economies brightened on Thursday as Germany put its foot down to end opposition from the Netherlands and to reassure Italy that the EU would show it solidarity. FILE PHOTO: Italian Prime Minister Giuseppe Conte addresses the Senate, the upper …
Mainland China’s new coronavirus infections up by two-fold to 78 cases
A security guard wearing a protective mask sits on a tree at a park, as the country is hit by an outbreak of the novel coronavirus disease (COVID-19), in Beijing, China March 23, 2020. REUTERS/Thomas Peter BEIJING (Reuters) – Mainland China saw a doubling in new coronavirus cases, driven by a jump in infected travelers …
Stocks gain after emergency BoE cut adds to stimulus hopes
LONDON (Reuters) – European stocks rose on Wednesday after the Bank of England joined other central banks in cutting interest rates, raising hopes for more co-ordinated monetary and fiscal stimulus to counter the economic shock from the coronavirus outbreak. File Photo: A street cleaning operative walks past the London Stock Exchange Group building in the …
Oil jumps 10%, U.S. stocks rebound after market rout
NEW YORK/LONDON (Reuters) – Oil and global equity markets charged back on Tuesday after the prior day’s steep losses as the world’s biggest economies moved to cushion the impact of the coronavirus, but stock gains in Europe failed to hold as investors remained skittish. The price of Brent crude climbed 10% on hopes a supply …
Taiwan’s health ministry confirms first coronavirus death on island, cases at 20
TAIPEI (Reuters) – A man has died from the coronavirus in Taiwan, marking the first such death on the island since the epidemic spread from mainland China, the island’s health minister said on Sunday. Health Minister Chen Shih-chung said during a news conference on Sunday that the deceased person was a man in his sixties, …
China says 1,716 health workers infected by coronavirus
FILE PHOTO: Medical workers in protective suits work inside an isolated section at a community health service center, which has received patients with mild symptoms caused by the novel coronavirus and suspected patients of the virus, in Qingshan district of Wuhan, Hubei province, China February 8, 2020. China Daily via REUTERS BEIJING (Reuters) – China …
France unveils emergency plan to calm health workers unrest
PARIS (Reuters) – France will take on a third of the debt of its public hospitals and increase its health budget by 1.5 billion euros over three years as President Emmanuel Macron seeks to quell unrest among health workers. France will take on from 2020 some 10 billion euros of public hospital debt over three …
Bank of Canada governor says technological change may call for neutral policy
OTTAWA/SAN FRANCISCO (Reuters) – The widespread adoption of artificial intelligence, machine learning and other new technologies may be boosting potential output in ways that could take years to show up in the data, Bank of Canada Governor Stephen Poloz said on Thursday. FILE PHOTO: Bank of Canada Governor Stephen Poloz arrives at a news conference …
