Forex1 hour ago (Aug 03, 2020 08:18PM ET) (C) Bloomberg. Lygon Street, the main shopping and dining street, stands deserted during curfew in the Carlton suburb of Melbourne on Aug 3. (Bloomberg) — Victoria’s spiraling Covid-19 outbreak and the closure of large tracts of the southeastern state’s economy is likely to prolong Australia’s first recession […]Read More
2/2 (C) Reuters. Dallas Federal Reserve Bank President Robert Kaplan speaks during an interview in his office at the bank’s headquarters in Dallas 2/2 By Ann Saphir and Lindsay (NYSE:LNN) Dunsmuir (Reuters) – The U.S. economy, battered by a resurgence in the spread of COVID-19, needs increased government spending to tide over households and businesses […]Read More
Economy2 hours ago (Aug 03, 2020 07:10PM ET) 2/2 (C) Reuters. The silhouette of the dome of the Argentine National Congress is seen as senators debate inside during an extraordinary session on the debate of a bill on renegotiation of the public external debt, in Buenos Aires 2/2 By Eliana Raszewski, Rodrigo Campos and Adam […]Read More
Forex4 hours ago (Aug 03, 2020 05:27PM ET) (C) Reuters. Fed Officials Talk Up Urgency of Fiscal Aid as Lawmakers Bicker (Bloomberg) — Federal Reserve officials warned Monday that another round of fiscal relief would be critical for the U.S. economy as lawmakers continued to negotiate the contours of additional aid. Tens of millions of […]Read More
Economy4 hours ago (Aug 03, 2020 05:20PM ET) (C) Reuters. FILE PHOTO: Chicago Federal Reserve Bank President Charles Evans speaks during the Global Interdependence Center Members Delegation Event in Mexico City By Ann Saphir (Reuters) – Chicago Federal Reserve Bank President Charles Evans on Monday called forcefully for more U.S. government spending to support the […]Read More
Forex6 hours ago (Aug 03, 2020 03:18PM ET) (C) Reuters. U.S. Treasury Lifts Quarterly Borrowing Estimate to $947 Billion (Bloomberg) — The U.S. Treasury said it expects to raise $947 billion in debt over the three months through September to fund the massive and continuing spending surge to address the coronavirus crisis. The figure, released […]Read More
Economy6 hours ago (Aug 03, 2020 02:50PM ET) (C) Reuters. FILE PHOTO: St. Louis Fed President James Bullard speaks about the U.S. economy during an interview in New York By Jonnelle Marte (Reuters) – The U.S. economic recovery from the coronavirus-induced recession likely slowed in July after surprising to the upside in May and June, […]Read More
Economy8 hours ago (Aug 03, 2020 01:00PM ET) (C) Reuters. Illustration photo shows various medicine pills in their original packaging in Brussels LONDON (Reuters) – The British government has urged medicine suppliers to prepare for the country’s exit from the EU single market and customs union on Dec. 31 by building up six weeks’ worth […]Read More
Economy10 hours ago (Aug 03, 2020 11:20AM ET) (C) Reuters. European Union and Italian flags are seen in downtown Rome FRANKFURT (Reuters) – Italy enjoyed oversized purchases of its government debt by the European Central Bank in June and July, standing out as the main beneficiary of ECB efforts to support the virus-stricken euro zone […]Read More
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