(Bloomberg) -- Spain reported the fewest number of deaths since March 24 and the pace of new cases slowed in Germany. Italy is leaning toward extending the country’s lockdown to early May, while U.K. Prime Minister Boris Johnson was taken out of intensive care and moved back to the main hospital ward.Earlier, European Union finance ministers agreed on a $590 billion package of measures to combat the economic fallout and leaders around the world urged people to abide by restrictions this weekend as confirmed cases reached almost 1.6 million.The U.S. Centers for Disease Control and Prevention extended its “No Sail Order” for all cruise ships by at least 100 days and Boeing Co. is considering a plan to reduce its workforce by about 10%.Key DevelopmentsCoronavirus Tracker: Global Cases 1.6 Million; Deaths 95,808Chinese Leaders Pledge Bigger Role for Markets as Virus HitsHong Kong Edge Over Singapore Shows Early Social Distance WorksAmerica Worships...
Chinese banks pumped more than US$1 trillion into the economy in the first quarter of the year, in an effort to stem the bleeding from the coronavirus pandemic.Quarterly lending reached an all-time high, even as the People's Bank of China showed no intention of following the US Federal Reserve's gung ho stimulus playbook, favouring targeted rate cuts and liquidity injections instead.Instead, at a press conference in Beijing on Friday, a senior central banker claimed China's targeted approach was "10 time more efficient than Washington's"."China's efficiency is 10 times that of the Fed. Each yuan injected into the money supply generated 3.5 yuan worth of bank loans," said Sun Guofeng, director general of monetary policy at the PBOC, claiming that the US had injected US$1.6 trillion in liquidity into its banking system, resulting in just US$500 billion of new loans.Sun said the interest rate on US commercial paper, viewed as the real...
Gold futures reached a new high today and are currently trading around $1725. As I said a couple of weeks ago – “The manipulators are good at tricking investors...
Americans have received conflicting information on when they will receive stimulus checks. But there’s good news: checks will hit their bank accounts soon....
(Bloomberg) -- Italy is leaning toward extending the country’s lockdown to early May, while U.K. Prime Minister Boris Johnson was taken out of intensive care and moved back to the main hospital ward. The pace of increase in new cases slowed in Germany, while Russia reported another spike.Earlier, European Union finance ministers agreed on a $590 billion package of measures to combat the economic fallout and leaders around the world urged people to abide by restrictions this weekend as confirmed cases soared to almost 1.6 million.The U.S. Centers for Disease Control and Prevention extended its “No Sail Order” for all cruise ships by at least 100 days and Boeing Co. is considering a plan to reduce its workforce by about 10%.Key DevelopmentsCoronavirus Tracker: Global Cases 1.6 Million; Deaths 95,511Chinese Leaders Pledge Bigger Role for Markets as Virus HitsHong Kong Edge Over Singapore Shows Early Social Distance WorksAmerica Worships From the Parking...
Workers wearing hazmat suits bury bodies at Hart Island in New York City, as the death toll rises from the coronavirus pandemic. Photo: Lucas Jackson/Reuters...
