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11 Mar WRAPUP 10-Markets suffer record meltdown as global coronavirus alarm grows

Posted at 21:27h in News by KMFSLLP 0 Comments

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* For interactive graphic tracking global spread of coronavirus: open https://tmsnrt.rs/3aIRuz7 in an external browser

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11 Mar UPDATE 4-Fed provides massive liquidity injection to calm markets amid signs of stress

Posted at 21:24h in News by KMFSLLP 0 Comments

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The Federal Reserve moved to stem a market meltdown on Thursday with offers of $1.5 trillion in short-term loans that some analysts say could point to more aggressive action from the central bank in coming days to stimulate the economy and stabilize the financial system.

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11 Mar US money market funds get record inflow in stressful week -Lipper data

Posted at 21:17h in News by KMFSLLP 0 Comments

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U.S. money market funds took in a record $87.6 billion in the week to Wednesday, as stocks on Wall Street buckled, investors moved to cash and panic about the spreading coronavirus roiled global financial markets, data from Lipper showed.

11 Mar UPDATE 2-France to close schools to curb coronavirus spread -Macron

Posted at 21:02h in News by KMFSLLP 0 Comments

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* He says nationalism not the answer to virus (Adds quotes, details)

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11 Mar WRAPUP 1 -Canada’s TSX sees record drop as policy response to coronavirus falls short

Posted at 20:55h in News by KMFSLLP 0 Comments

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Canada's main stock market plunged by the most on record and the Canadian dollar weakened to a four-year low as investors worried that steps being taken by policymakers would be insufficient to contain the economic impact of the coronavirus outbreak.

11 Mar UPDATE 2-U.S. SEC votes to exempt smaller companies from independent audit reviews

Posted at 20:50h in News by KMFSLLP 0 Comments

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The U.S. securities regulator on Thursday voted to relax internal audit controls introduced at smaller publicly listed companies in 2002 following a string of accounting scandals including at now-defunct energy company Enron Corp.

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11 Mar Sunak benevolence less generous than it seems, says IFS

Posted at 20:50h in News by KMFSLLP 0 Comments

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Think-tank says chancellor will have to raise tax or borrow more for public services

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11 Mar German debt brake allows exceptions in extraordinary situations -Merkel

Posted at 20:46h in News by KMFSLLP 0 Comments

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Germany's debt brake rule allows for exceptions in extraordinary situations and the coronavirus crisis is such a case, Chancellor Angela Merkel said on Thursday, adding that the government's focus now was not how its budget works out.

11 Mar UPDATE 2-Brazil stocks post steepest fall since 1998, real hits historic low 5.00 per dlr

Posted at 20:36h in News by KMFSLLP 0 Comments

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Brazilian stocks recorded their biggest one-day fall since 1998 and the currency touched a historic low as fears over economic damage from the global coronavirus pandemic triggered widespread selling.

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11 Mar Germany to present new measures to support business on Friday – Merkel

Posted at 20:28h in News by KMFSLLP 0 Comments

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Germany will present a "very comprehensive" package of additional measures to support its businesses on Friday, Chancellor Angela Merkel said.

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News

11 Mar WRAPUP 10-Markets suffer record meltdown as global coronavirus alarm grows

11 Mar UPDATE 4-Fed provides massive liquidity injection to calm markets amid signs of stress

11 Mar US money market funds get record inflow in stressful week -Lipper data

11 Mar UPDATE 2-France to close schools to curb coronavirus spread -Macron

11 Mar WRAPUP 1 -Canada’s TSX sees record drop as policy response to coronavirus falls short

11 Mar UPDATE 2-U.S. SEC votes to exempt smaller companies from independent audit reviews

11 Mar Sunak benevolence less generous than it seems, says IFS

11 Mar German debt brake allows exceptions in extraordinary situations -Merkel

11 Mar UPDATE 2-Brazil stocks post steepest fall since 1998, real hits historic low 5.00 per dlr

11 Mar Germany to present new measures to support business on Friday – Merkel

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