... e Federal Reserve to leverage up to US$4 trillion of liquidity to support the nation’s economy, US Treasury Secretary Steven Mnuchin said on Sunday. Mnuchin, speaking on the Fox News Sunday television ...More
EJ Insight2020-03-23
... emergency reserve of 720,000 masks to provide health workers with more protective gear. “To help, Facebook donated our emergency reserve of 720,000 masks that we had bought in case the wildfires conti ...More
EJ Insight2020-03-23
The US Federal Reserve’s balance sheet reached a record US$4.7 trillion this week and banks grabbed cut-rate loans from the central bank as efforts to blunt the economic damage of a global health cris ...More
EJ Insight2020-03-20
... e Federal Reserve Board, 39 percent of Americans admitted they couldn't afford an emergency bill of US$400. As the coronavirus outbreak has dealt a heavy blow to the US economy, a large number of Amer ...More
EJ Insight2020-03-20
... ment. The Reserve Bank of Australia (RBA) slashed interest rates to an all-time low and embarked on a quantitative easing program for the first time, while the government unveiled A$15 billion in loan ...More
EJ Insight2020-03-19
... S Federal Reserve can provide the necessary dollar liquidity on a sufficient scale. Although it has suffered undeserved political criticism at home, the Fed did its duty in the last crisis. In additio ...More
EJ Insight2020-03-19
... S Federal Reserve has not only cut rates to near zero and pledged to pump hundreds of billions of dollars into markets, it has also cut the pricing on its dollar swap lines with foreign central banks ...More
EJ Insight2020-03-18
The US Federal Reserve moved Tuesday to ensure the flow of credit to US companies, banks and even local governments amid a nationwide scramble for ways to blunt the economic fallout from the coronavir ...More
EJ Insight2020-03-18
... e Federal Reserve took further steps to boost liquidity amid the impact of the coronavirus pandemic on the global economy and markets. The benchmark S&P 500 closed up 6 percent after the central b ...More
EJ Insight2020-03-18
The US Federal Reserve cut interest rates to near zero on Sunday in another emergency move to help support the economy amid the fallout of the global coronavirus pandemic. Coordinating its action with ...More
EJ Insight2020-03-16
The Covid-19 pandemic has triggered panic-selling in stock markets around the world. In the United States, the Federal Reserve intervened and slashed interest rates by half a percentage point last wee ...More
EJ Insight2020-03-13
... k Federal Reserve surprised by pumping huge amounts of cash into the banking system, aiming to head off the sort of dislocation that saw markets seize up during the financial crisis. After adding US$5 ...More
EJ Insight2020-03-13
... ary cyber reserve force, and a unique State Department bureau for cyber issues. Since 2015, large-scale cyberattacks, such as the so-called WannaCry ransomware outbreak, have crippled hospitals, gover ...More
EJ Insight2020-03-12
... has cash reserves and the ability to borrow to deal with a price plunge for now. Russia needs about US$42 to balance its books and also has hefty cash reserves it can draw on. Iraq and some other OPE ...More
EJ Insight2020-03-11
... S Federal Reserve on Monday sharply stepped up the size of its fund injections into markets to head off stress. Having delivered an emergency rate cut only last week, investors are fully pricing an ea ...More
EJ Insight2020-03-10
... e Federal Reserve to cut interest rates at least another 50 basis points, and there is a possibility that the central bank drops rates to zero and resumes asset purchases, Fels said. Other central ban ...More
EJ Insight2020-03-09
... sday, the Reserve Bank of India (RBI) took control of Yes Bank and said it would work on a revival plan. State Bank of India said on Saturday it would invest funds to buy a 49 percent stake in Yes Ban ...More
EJ Insight2020-03-09
... e Federal Reserve suddenly announced a 50-basis-point rate cut on Tuesday. In Hong Kong, the government announced recently a HK$10,000 cash handout for all permanent residents aged 18 or above. Stimul ...More
EJ Insight2020-03-06
... ed supply reserve to last one month at most. Also, LG Innotek, a supplier of iPhone camera modules, was forced to shut down a factory in South Korea in the wake of the coronavirus outbreak. Given such ...More
EJ Insight2020-03-04
The US Federal Reserve announced a 50-basis-point cut in interest rates on Tuesday in a bid to support the economy amid concerns over the fallout of the global coronavirus outbreak. Policymakers unani ...More
EJ Insight2020-03-04
