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15 Mar Coronavirus strategy tests UK’s reputation for science

Posted at 20:07h in News by KMFSLLP 0 Comments

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The instinct to shut society down, as China did with Wuhan, is not cost-free to public health

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15 Mar UPDATE 1-Jordan suspends trading in Amman bourse over coronavirus -state media

Posted at 20:02h in News by KMFSLLP 0 Comments

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Jordan's government suspended trading in the Amman Stock Exchange (ASE) from Tuesday until further notice, after the government approved a decision taken by the Jordan Securities Commission (JSC), state media said on Monday.

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15 Mar UPDATE 3-Brazil takes emergency steps to boost liquidity, bank lending hit by coronavirus

Posted at 20:02h in News by KMFSLLP 0 Comments

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Brazil on Monday approved a raft of measures to combat the economic and financial damage from the coronavirus, boosting liquidity in the financial system, maintaining the flow of credit in the economy and expanding banks' lending capacity.

15 Mar UPDATE 1-Swedish c.bank expands virus support with loans, $30 bln bond buys

Posted at 19:56h in News by KMFSLLP 0 Comments

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Sweden's central bank said on Monday it would buy securities for up to an additional 300 billion Swedish crowns ($31 bln) this year to facilitate credit supply and mitigate the downturn in the economy caused by the coronavirus.

15 Mar Royal Bank of Canada to cut prime rate to 2.95%

Posted at 19:55h in News by KMFSLLP 0 Comments

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Royal Bank of Canada will reduce its prime rate to 2.95%, the lowest level since August 2017, from 3.45%, effective Tuesday, the lender said in a statement.

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15 Mar UPDATE 2-New York Fed sees light demand for extra $500 billion in overnight repo

Posted at 19:54h in News by KMFSLLP 0 Comments

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The New York Federal Reserve saw light demand for an additional $500 billion in support to overnight lending markets on Monday, even after a spike in the cost of overnight loans indicated that companies were still feeling funding strains.

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15 Mar Goldman Sachs lets customers delay March payments on loans, credit cards

Posted at 19:53h in News by KMFSLLP 0 Comments

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Goldman Sachs Group Inc told customers of its online bank, Marcus, and its Apple credit card on Monday that they can take an extra month to make payments, with no penalty or additional interest, if they are financially stretched due to the coronavirus.

15 Mar UPDATE 4-U.S. airlines seek $50 bln government bailout after coronavirus outbreak

Posted at 19:52h in News by KMFSLLP 0 Comments

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Major U.S. airlines sought a government bailout of more than $50 billion as the White House is urgently drafting a financial assistance package in the wake of the steep falloff in U.S. travel demand sparked by the coronavirus pandemic.

15 Mar Johnson tells Britons to avoid pubs, office and travel

Posted at 19:51h in News by KMFSLLP 0 Comments

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‘Drastic action’ taken as death toll hits 53 but theatres say non-mandatory ‘advice’ dooms the sector

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15 Mar GLOBAL MARKETS-Markets tumble as big Fed move fails to quell virus fears

Posted at 19:43h in News by KMFSLLP 0 Comments

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Markets reeled on Monday, with stocks on Wall Street and the price of Brent crude tumbling more than 10%, as the Federal Reserve's second emergency rate cut in as many weeks failed to calm fears of a coronavirus-induced recession.

News

15 Mar Coronavirus strategy tests UK’s reputation for science

15 Mar UPDATE 1-Jordan suspends trading in Amman bourse over coronavirus -state media

15 Mar UPDATE 3-Brazil takes emergency steps to boost liquidity, bank lending hit by coronavirus

15 Mar UPDATE 1-Swedish c.bank expands virus support with loans, $30 bln bond buys

15 Mar Royal Bank of Canada to cut prime rate to 2.95%

15 Mar UPDATE 2-New York Fed sees light demand for extra $500 billion in overnight repo

15 Mar Goldman Sachs lets customers delay March payments on loans, credit cards

15 Mar UPDATE 4-U.S. airlines seek $50 bln government bailout after coronavirus outbreak

15 Mar Johnson tells Britons to avoid pubs, office and travel

15 Mar GLOBAL MARKETS-Markets tumble as big Fed move fails to quell virus fears

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