© Reuters. Mural of Mexican artist Frida Kahlo is pictured in the Pilsen neighborhood of Chicago By Howard Schneider ST. LOUIS (Reuters) – One evening last fall, Jawad Rahimi held
Category: Finance
finance, world economy,
Top 5 Things to Know in the Market on Thursday, March 5th
© Reuters. By Geoffrey Smith Investing.com — OPEC reportedly agreed in principle to cut 1.5 million barrels a day of oil output in the face of collapsing demand. The deal
Nigerian shoemakers tap national pride, nostalgia to spur local industry
By Nneka Chile and Abraham Achirga LAGOS/ABUJA (Reuters) – Two men in gray jumpsuits brush glue onto rubber soles, while factory machines whir in the background. Elsewhere, women perched behind
More firms expect Brexit uncertainty to stretch into 2021: Bank of England
LONDON (Reuters) – More than three-quarters of British firms that took part in a Bank of England survey expect uncertainty about Brexit to last until 2021 at least, the central
World food prices dip in February, hurt by coronavirus: U.N.
© Reuters. File photo of wheat seen during sunset in a field of Solgonskoye farming company in village of Solgon ROME (Reuters) – World food prices slipped in February, ending
China’s jobseekers cast uneasy eye on opportunities in virus-hit economy
By Muyu Xu and Gavin Maguire BEIJING/SINGAPORE (Reuters) – China’s job market is showing signs of recovery as firms resume operations and an easing of measures to contain a coronavirus
China says consumer sales steadying after virus hit, trade still tough
BEIJING (Reuters) – The coronavirus outbreak has hit global demand, but its impact on China’s foreign trade is only temporary, the Commerce Ministry said on Thursday, adding that authorities would
Taiwan February exports seen flat, inflation to cool: Reuters poll
TAIPEI (Reuters) – Taiwan’s exports are expected to be flat in February compared with a decline in January, but this was likely distorted by the Lunar New Year effect and
China’s Belt and Road Plan Is Getting Lashed by Coronavirus
(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world threatened by trade wars. Sign up here. Xi Jinping’s Belt and Road Initiative has long been seen as
Travel Curbs Spread; California Calls Emergency: Virus Update
(Bloomberg) — HSBC Holdings Plc (LON:) joined companies curbing employee travel and Microsoft Inc. pressed its Seattle-area staff to work from home, as the coronavirus disrupts working lives across the
Fed’s Bullard: Not much more data coming to warrant rate cut at March meeting
ST. LOUIS (Reuters) – The U.S. Federal Reserve will not have much additional information in hand at its March 17-18 meeting to justify an additional interest rate cut beyond the
SEC provides ‘conditional’ disclosure relief for firms hit by coronavirus
© Reuters. FILE PHOTO: A woman wears a mask near the NYSE in the Financial District in New York By Katanga Johnson WASHINGTON (Reuters) – Companies affected by the coronavirus
Your Money: Fed’s surprise cut is a cure for mortgage rate envy
By Beth Pinsker NEW YORK (Reuters) – When Kristin Tassi bought her house in Chicago two years ago, she was disappointed to get an interest rate of 4% on her
After slashing rates, U.S. Fed has more weapons to fight coronavirus effect
By Howard Schneider CHAMPAIGN, Ill (Reuters) – The Federal Reserve’s emergency decision to slash interest rates this week in response to the coronavirus outbreak was actually fairly straightforward, policymakers said,
U.S. SEC provides ‘conditional’ disclosure relief for firms hit by coronavirus
© Reuters. FILE PHOTO: To match Special Report SEC/INVESTIGATIONS By Katanga Johnson WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission (SEC) said on Wednesday that it would give companies
Fed Says U.S. Economy Held Up Amid First Signs of Virus Impact
© Reuters. Fed Says U.S. Economy Held Up Amid First Signs of Virus Impact (Bloomberg) — The U.S. economy expanded at a modest to moderate rate in the first weeks
Joe Biden’s Super Tuesday success could help calm coronavirus-rocked market
By Lewis Krauskopf NEW YORK (Reuters) – The resurgence of former Vice President Joe Biden in the race for the Democratic U.S. presidential nomination could help support a stock market
New BoE boss Bailey does not back immediate virus rate cut
© Reuters. FILE PHOTO: Bank of England press conference By David Milliken and Elizabeth Howcroft LONDON (Reuters) – The Bank of England should wait until it has more clarity about
U.S. businesses show growing concern over impact of coronavirus, Fed survey shows
© Reuters. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC By Lindsay Dunsmuir WASHINGTON (Reuters) – There are signs the escalating coronavirus outbreak has begun to weigh
IMF chief says coronavirus wipes out hopes for stronger growth in 2020
© Reuters. International Monetary Fund (IMF) Managing Director Kristalina Georgieva makes remarks during a closing news conference for the International Monetary Finance Committee (IMFC), during the IMF and World Bank’s
Follow the Fed? Why central banks will not be rushed on coronavirus response
© Reuters. U.S. Federal Reserve Chairman Jerome Powell speaks in Washington By Balazs Koranyi and Leika Kihara FRANKFURT/TOKYO (Reuters) – Will the world’s big central banks leave U.S. Federal Reserve Chair
Fragile safety net leaves U.S. economy vulnerable to coronavirus hit
By Jonnelle Marte and Heather Timmons NEW YORK/WASHINGTON (Reuters) – The spreading coronavirus outbreak poses a double-barreled threat to U.S. workers who face not only the prospect of lost wages
Worried about coronavirus at work? In France, you can walk off the job
© Reuters. A view shows Keolis Meyer buses at the company’s garage in Avrainville By Caroline Pailliez and Geert De Clercq MONTLHERY, France (Reuters) – Bus driver Younes Laggoun worries
IMF chief says coronavirus wipes out hopes for faster growth in 2020
By David Lawder and Andrea Shalal WASHINGTON (Reuters) – The faster spread of the coronavirus will wipe out any hope of stronger growth in 2020, International Monetary Fund Managing Director
Eurogroup’s Centeno: ‘No efforts will be spared’ to contain coronavirus outbreak
LISBON (Reuters) – Europe’s finance ministers are prepared to implement fiscal measures to support growth across the bloc amid the coronavirus outbreak, Eurogroup chairman Mario Centeno said on Wednesday, adding
Blackstone CEO says ‘unclear’ if Fed rate cut can restore confidence
MUMBAI (Reuters) – Private equity firm Blackstone Group (N:) Chief Executive Stephen Schwarzman said on Wednesday that it “remained unclear” if an interest rate cut by the U.S. Federal Reserve
BOE’s Bailey Says Coronavirus Means Bank Has to Be Nimble
(Bloomberg) — The Bank of England needs to be nimble in its efforts to tackle the coronavirus threat, according to incoming Governor Andrew Bailey. Speaking before U.K. lawmakers at his
Follow the Fed? Why central banks won’t be rushed on virus response
© Reuters. U.S. Federal Reserve Chairman Jerome Powell speaks in Washington By Balazs Koranyi and Leika Kihara FRANKFURT/TOKYO (Reuters) – Will the world’s big central banks leave U.S. Federal Reserve Chair
Germany has fiscal means to counter coronavirus in case of economic crisis: sources
BERLIN (Reuters) – Finance Minister Olaf Scholz told lawmakers on Wednesday that Germany would have “all the strength” to counter the impact of the coronavirus if the epidemic plunged the
Eyeing access, Britain says it won’t undercut EU financial rules
© Reuters. FILE PHOTO: Participants hold a British Union flag and an EU flag during a pro-EU referendum event at Parliament Square in London By Huw Jones LONDON (Reuters) –