By Susan Mathew June 4 (Reuters) – Latin American stocks fell on Thursday and Mexico’s peso eased off 12-week highs as a recent rally in risk assets on hopes of […]
Federal fiscal support surpassing economic losses from pandemic so far – The Denver Post
While it hasn’t always come out smoothly, the massive amounts of money the federal government has pumped into the U.S. economy due to the pandemic has forestalled an even more […]
ECB sees big 2020 recession, partial rebound next year
FRANKFURT, June 4 (Reuters) – The European Central Bank expects the euro zone to suffer a deep recession this year, with losses only partly made up in 2021 as pandemic-related […]
CANADA FX DEBT-Loonie notches 3-month high as BoC scales back crisis operations
(Updates prices and details on productivity data) * Canadian dollar rises 0.2% against the greenback * Loonie touches a near 3-month high intraday at 1.3476 * Bank of Canada holds […]
CEE MARKETS-Currencies strengthen on economic recovery hopes
WARSAW, June 2 (Reuters) – Central European currencies rose on Tuesday, continuing a strong run supported by increased risk-appetite in global markets as investors bet that the worst of the […]
Coronavirus to shave trillions from US economy over 10 years
WASHINGTON (NYTIMES) – The US Congressional Budget Office projected on Monday (June 1) that the coronavirus pandemic would inflict a serious long-term blow to the United States economy, taking 3 […]
South African government agrees to fund SAA rescue, draft plan says
JOHANNESBURG, June 1 (Reuters) – The South African government has agreed to fund a restructuring of South African Airways (SAA), if a business rescue plan for the struggling state-owned airline […]
GLOBAL MARKETS-Stocks pare losses after Trump's Hong Kong response
(Adds details from Trump statement, gold and oil settlement prices) * Graphic: World FX rates in 2020 tmsnrt.rs/2egbfVh * U.S. to no longer recognize Hong Kong as autonomous * U.S. […]
G20 says 36 of poorest countries have applied for debt relief
WASHINGTON, May 28 (Reuters) – The Group of 20 major economies on Thursday said 36 of 77 eligible countries had applied for suspension of official bilateral debt payments to help […]
US manufactured goods sales plunge 17.2% in April
WASHINGTON (AFP) – New orders for US manufactured goods cratered in April by 17.2 per cent as the Covid-19 pandemic shut down factories nationwide, the Commerce Department reported on Thursday […]