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

... orts. The central bank announced in the morning that it will reopen the so-called Commercial Paper Funding Facility to underwrite the short-term loans that companies often use to pay for their operati ...More

EJ Insight2020-03-18

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

... after the central bank relaunched a financial crisis-era purchase of short-term corporate debt. Mnuchin said it may get to a point where shortening market trading hours would be needed, but that the ...More

EJ Insight2020-03-18

Stay healthy, don't panic but don't be complacent

... and other central banks slashed interest rates. US President Donald Trump, after earlier insisting that the disease was under control, is now saying that the situation is bad and the outbreak could la ...More

EJ Insight2020-03-17

BOJ ramps up asset purchases to contain coronavirus fallout

The Bank of Japan (BOJ) eased monetary policy on Monday by pledging to buy risky assets such as exchange-traded funds (ETF) at double the current pace, joining global central banks in combating the wi ...More

EJ Insight2020-03-16

HK one of the safest places on the planet amid Covid-19 outbreak

... nology, a central command center, a single-payer health care system, mandatory quarantine and quick decision-making. This is despite the fact that Beijing has excluded Taiwan from the World Health Org ...More

EJ Insight2020-03-16

Quarantine set for arrivals from US, UK, Ireland and Egypt

... lights to central China's Hubei province to bring back Hong Kong people stranded there, Secretary for Constitutional and Mainland Affairs Patrick Nip Tak-kuen said. The flights are expected to carry 5 ...More

EJ Insight2020-03-16

EU set to agree on coordinated economic response to virus crisis

...  European Central Bank, which took its own steps last week, has called on euro zone governments to mount an ambitious and coordinated fiscal response. Individually, Germany has announced the most ambi ...More

EJ Insight2020-03-16

Fed slashes rates in another emergency move

... r foreign central banks, the Fed slashed benchmark rates to a target range of zero to 0.25 percent and pledged hundreds of billions of dollars in asset purchases, Reuters reports. In a news conference ...More

EJ Insight2020-03-16

逆市開幕 趙無極真跡展

... 展香港展會和Art Central取消今年展會的決定深感遺憾。「我們堅守對香港這座城市的承諾,並按計劃開幕。我 ...全文

今日信報副刊文化圈來圈去卡夫卡2020年03月16日

Virus outbreak: HK civil society can save itself–and China too

...  with the central government is at an all-time high, an ...全文

今日信報時事評論Brian Wong2020年03月14日

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

... at the US central bank's regular policy meeting next week. The expectations are that policymakers will trim the benchmark rate by another half a percentage point, matching the size of the unscheduled ...More

EJ Insight2020-03-13

Wuhan sees single-digit new cases for second day

... apital of central China's Hubei province, recorded the five new confirmed cases on Thursday, the National Health Commission said, down from eight cases the previous day. The commission said on Thursda ...More

EJ Insight2020-03-13

Philippine capital on lockdown to contain coronavirus

... s and the central bank governor were undergoing self-quarantine as a precaution. Despite having relatively few confirmed infections, health authorities are keen to halt the spread of the virus, having ...More

EJ Insight2020-03-13

World markets rout deepens as virus panic worsens

...  European Central Bank disappointed markets by holding back on rate cuts. Trade was halted on the S&P 500 after it hit downdraft circuit breakers. It fell further when trade resumed, eventually lo ...More

EJ Insight2020-03-13

Saudi, UAE brace for long oil market battle with capacity plans

...  market’s central bank and toward pumping more oil, even at a lower price, to prevent its reserves becoming a stranded asset. Till now, the kingdom has rarely produced above 10.5 million bpd despite h ...More

EJ Insight2020-03-12

No room for govt indecision in the fight against Covid-19

Since its emergence in central China's Wuhan city in December last year, Covid-19 has quickly spread to other parts of the globe with the number of infections now exceeding 100,000 worldwide. Wearing ...More

EJ Insight2020-03-11

China to benefit most from plunging oil price – for now

... , China’s central bank has more leeway to provide strong monetary stimulus without worrying too much about inflation pressure. With all that said, everybody would face a no-win situation if the oil pr ...More

EJ Insight2020-03-11

Tesla scouting central US for new factory, Musk says

Tesla Inc. chief executive Elon Musk said he was looking for locations in the central United States to build a new factory for the company’s electric pickup truck, Reuters reports. “Scouting locations ...More

EJ Insight2020-03-11

New coronavirus cases in China rise on infections from abroad

... ctions in central Hubei province, the epicenter of the outbreak, continued to stabilize, with new cases declining for the sixth day. In Wuhan, the provincial capital, just 13 new infections were repor ...More

EJ Insight2020-03-11

US seeks to bolster economy as coronavirus cases mount

... making. A central feature of the administration’s legislative proposal is payroll tax relief, although the extent and duration of the proposal were unclear. White House officials have also said the ad ...More

EJ Insight2020-03-11

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