Economy2 hours ago (Apr 17, 2020 01:25PM ET) 2/2 (C) Reuters. FILE PHOTO: Michigan Governor Whitmer visits the North American International Auto Show in Detroit, Michigan 2/2 By Michael Martina and Ben Klayman DETROIT (Reuters) - Michigan Governor Gretchen Whitmer said on Friday she is hopeful the state can begin to reengage parts of its economy beginning on May 1, ...

Economy3 hours ago (Apr 17, 2020 11:51AM ET) (C) Reuters. FILE PHOTO: An Airbus A320neo aircraft is pictured in Colomiers near Toulouse, France By Johanna Decorse TOULOUSE, France (Reuters) - Airbus (PA:AIR) will furlough some 3,000 French aerospace workers by tapping a government-backed scheme for four weeks starting from Monday, the planemaker said on Friday, in its latest effort to ...

Economy3 hours ago (Apr 17, 2020 11:30AM ET) WASHINGTON (Reuters) - World Bank President David Malpass said on Friday that countries need to allow more trade in order to recover from the economic downturn prompted by the coronavirus pandemic and said he was concerned about countries hoarding food supplies. Malpass, speaking during a news briefing held by video conference, said ...

Economy2 hours ago (Apr 17, 2020 12:55PM ET) (C) Reuters. FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington By Jonnelle Marte (Reuters) - The Federal Reserve responded rapidly to stem losses from a "synchronized global sell-off" to help markets function as investors fled to safety on worries about the coronavirus outbreak, a senior official at ...

(Reuters) - 1/TESTING TIMES It's going to be a big week for the euro zone. Italy's bond yields are drifting higher, concerns are growing about its debt ratios and anti-euro sentiment is rising in bloc's third-biggest economy. The European Central Bank calmed markets a month ago with a 750 billion-euro emergency bond-buying scheme. But politicians' failure to come through with ...

Economy4 hours ago (Apr 17, 2020 10:45AM ET) (C) Reuters. FILE PHOTO: Britain's Chancellor of the Exchequer Rishi Sunak attends a news conference on the ongoing situation with the coronavirus outbreak LONDON (Reuters) - The United Kingdom has extended by a month until the end of June the furlough scheme for workers at companies hit by the coronavirus outbreak, finance ...

Forex5 hours ago (Apr 17, 2020 10:18AM ET) (C) Reuters. BOE's Bailey Says U.K. Banks Need to Get On With Loans to Firms (Bloomberg) -- U.K. banks must get on with providing loans to small and medium-sized businesses to counter the economic shock from the coronavirus pandemic, according to Bank of England Governor Andrew Bailey. Asked about scenarios presented by ...

Economy5 hours ago (Apr 17, 2020 10:15AM ET) (C) Reuters. FILE PHOTO: St. Louis Federal Reserve Bank President James Bullard speaks at a public lecture in Singapore WASHINGTON (Reuters) - The aggressive programs enacted by the U.S. Federal Reserve so far are "standard" and don't cross the line to direct monetary financing of the federal government's rising deficits, St. Louis ...

Economy5 hours ago (Apr 17, 2020 09:50AM ET) (C) Reuters. FILE PHOTO: John Williams, CEO of the Federal Reserve Bank of New York, speaks at an event in New York (Reuters) - The shutdowns enacted to slow the spread of the coronavirus are likely to put a damper on the U.S. economy for some time, New York Federal Reserve Bank ...

Economy5 hours ago (Apr 17, 2020 09:45AM ET) (C) Reuters. FILE PHOTO: Cleveland Federal Reserve Bank President Loretta Mester speaks in London (Reuters) - Cleveland Federal Reserve Bank President Loretta Mester said the central bank is working to support market functioning and to shore up businesses so they can resume activity quickly when the economy reopens. Mester said any efforts ...

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