With the dollar more integrated into the world economy than ever before, its gains are an added stress for businesses and governments as they brace for soaring costs on their dollar debt. The dilemma for emerging market central banks is that as they slash interest rates to support growth, they risk destabilizing their currencies as well if they cut too much.
European sovereign bonds led a global rout, with markets bracing for the kind of supply surge not seen for years, after nations unveiled spending plans of more than $1 trillion to fight the coronavirus crisis.Dramatic jumps in yields amounted to a wide and deep re-pricing of the market...
The dollar surged to a three-year high against major currencies on Wednesday, as companies and investors worried by the coronavirus outbreak rushed to the safe haven of the world’s most liquid currency.
Japanese Prime Minister Shinzo Abe will form a panel of ministers on Thursday to lay out a package to help the economy weather the hit from the coronavirus outbreak, the government said on Wednesday.
The euro area has so far failed to deliver a massive fiscal stimulus package like that of the United States.
Lawmakers on both sides of the aisle have supported relief to certain industries. But there may be a dispute over paid time off for employees.
The request is separate from existing funding requests that could total more than $1 trillion as officials at every level of government work to contain the coronavirus.
Mattresses full of money, getting paid to take out a mortgage, surging demand for safe-deposit boxes -- these are some of the ideas people have about what happens when interest rates turn negative.Just a few months ago, such scenes -- at least in the U.S. -- seemed unthinkable. But with
The worlds central banks have exhausted almost all their usable ammunition under existing rules yet still failed to calm markets or to unfreeze critical parts of the global financial system.
The worlds central banks have exhausted almost all their usable ammunition under existing rules yet still failed to calm markets or to unfreeze critical parts of the global financial system.
The New York Federal Reserve said it will make up to $1 trillion a day available for loans in the repo market for the remainder of this week.
Every hour billions or trillions in dollars and other currencies are being created and thrown at problems here, there, and everywhere, even as production declines...
Entire industries are hurting and hoping for help from the U.S. government, as Americans cancel travel plans and avoid stores and restaurants because of the...
A new Marist poll this week for NPR/PBS News found 18% of US adults responding they'd already either been laid off or had significant reduction of hours due to the ripple effect of the pandemic.
DoubleLine Capital CEO Jeffrey Gundlach says the U.S. economy has about a 90% chance of recession this year, up from about 80% last week, as the negative impact of the coronavirus expands.
People are not going to have money to buy food once they lose their jobs,' says Robin...
U.S. oil prices reached their lowest point since 2003 on Wednesday as the coronavirus has reduced demand in countries around the world.
Economic data Wednesday is set to center around the release of the euro zone’s consumer price inflation figure for February, at 06:00 AM ET (1000 GMT). The annual number is expected to be unchanged at 1.2%, still well off the European Central Bank’s target of close to 2%.
Mar.18 -- Matthew Luzzetti, chief U.S. economist at Deutsche Bank, explains the bank’s expectations for the U.S. to see the largest-ever quarterly decline in GDP in the second quarter. He speaks with Bloomberg’s Taylor Riggs on "Bloomberg Surveillance."
U.S. debt yields leaped higher as investors continued to sell 10- and 30-year bonds amid talk over a potential $1 trillion stimulus package.