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US states tell citizens to stay home in bid to slow virus spread

... allow the 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 te ...More

EJ Insight2020-03-23

Wall Street braces for another bleak week

... h aid the federal government will inject into the economy, how effective the aid package’s structure will be and how long it takes for the number of new cases to start declining in the United States – ...More

EJ Insight2020-03-23

五龍電動車擬售電動物流車附屬

... 物流車。目前客戶包括Federal Express及Ryder Vehicle Purchasing。此外,C ...全文

即時新聞重要通告2020年03月20日

Fed balance sheet hits record, banks tap loans amid virus crisis

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

Trump says he would support govt taking stake in certain firms

... orted the federal government moving to take an equity stake in some companies, Trump said: “I do. I really do.” Trump, speaking at a news conference at the White House on Thursday, added: “We will be ...More

EJ Insight2020-03-20

Trump’s cash handout plan may take longer than expected

... es by the 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 ...More

EJ Insight2020-03-20

Containing the dollar credit crunch

... ly the US 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 ...More

EJ Insight2020-03-19

Trump says he will invoke wartime act to fight coronavirus

... ry on the Federal Emergency Management Agency website. “We will be invoking the Defense Production Act just in case we need it,” said Trump. Treasury Secretary Steven Mnuchin fanned fears of economic ...More

EJ Insight2020-03-19

S Korea loosens FX derivative rules to ease dollar shortage

... s. The US 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 centra ...More

EJ Insight2020-03-18

Fed moves to backstop funding for US firms amid Covid-19 crisis

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

Americans may get US$1,000 checks in US$1 trillion stimulus plan

... h, as the 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 c ...More

EJ Insight2020-03-18

Dow suffers biggest drop since 1987 as economic fears intensify

... es by the Federal Reserve. Suffering its worst one-day crash since October 1987, the Dow Jones industrial Average shed 2,997.1 points, or 12.93 percent, to close at 20,188.52.  The S&P 500 index t ...More

EJ Insight2020-03-17

BOJ ramps up asset purchases to contain coronavirus fallout

... of the US Federal Reserve’s emergency 100-basis point rate cut to near zero on Sunday, which was followed hours later by an unexpected 75 basis point easing by the New Zealand central bank, underscori ...More

EJ Insight2020-03-16

Google working with US govt to develop coronavirus website

... ations by federal and state agencies over its search and digital advertising businesses, among others, Reuters noted. -- Contact us at [email protected] RC ...More

EJ Insight2020-03-16

Fed slashes rates in another emergency move

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

Rate cuts alone won't help the world ride out Covid-19 crisis

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

Pentagon seeks to reconsider parts of US$10 billion cloud deal

... e asked a federal judge to grant the Pentagon “120 days to reconsider certain aspects of the challenged agency decision”, the DoD said in a filing to the US Court of Federal Claims late on Thursday. “ ...More

EJ Insight2020-03-13

Trump signs law barring telecom gear purchases from Huawei, ZTE

... uires the Federal Communications Commission (FCC) to establish a program to assist small providers with the costs of removing prohibited equipment or services from their networks and replacing it. FCC ...More

EJ Insight2020-03-13

World markets rout deepens as virus panic worsens

...  New York 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 add ...More

EJ Insight2020-03-13

Trump suspends all travel from Europe to US, Britain exempted

... er of the federal government and the private sector to protect the American people,” he said. “This is the most aggressive and comprehensive effort to confront a foreign virus in modern history.” As t ...More

EJ Insight2020-03-12

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