Bank

Powell Says Fed ‘Days Away’ From Main Street Lending

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May.29 — Federal Reserve Chairman Jerome Powell discusses the rollout of the central bank’s “Main Street” medium-sized business aid program, saying “we expect to start making loans in a few days.” He speaks at a virtual discussion at a Griswold Center for Economic Policy Studies Princeton Reunion Talk event.

Fed’s Mester on Economic Recovery, Policy Support, Yield-Curve Control

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May.29 — Federal Reserve Bank of Cleveland President Loretta Mester says another phase of monetary policy support may be needed and doesn’t think the central bank is close to a decision on targeting Treasury yields, a policy known as yield-curve control. She speaks with Bloomberg’s Jonathan Ferro and Mike McKee on “Bloomberg The Open.”

Fed’s Mester Says Yield-Curve Control Is a Discussion for a Future Phase

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May.29 — Federal Reserve Bank of Cleveland President Loretta Mester says she doesn’t think the central bank is close to a decision on targeting Treasury yields, a policy known as yield-curve control. She speaks with Bloomberg’s Jonathan Ferro and Mike McKee on “Bloomberg The Open.”

India May Fall Into First Recession Since 1980, DBS Bank Says

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May.29 — Radhika Rao, senior vice president and economist at DBS Bank, looks at how the coronavirus outbreak is affecting the Indian economy. GDP data on Friday will probably show growth cooled in the three months through March to 1.6% from 4.7% in the previous quarter, according to a Bloomberg survey. Rao speaks with Haslinda Amin and … Read more India May Fall Into First Recession Since 1980, DBS Bank Says

Gold Still Favored, Deutsche Bank WM’s Huynh Says

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May.29 — Tuan Huynh, chief investment officer of emerging markets at Deutsche Bank Wealth Management, talks about the outlook for the global economy, financial markets and his strategy amid the coronavirus outbreak. He speaks with Yvonne Man and Haslinda Amin on “Bloomberg Markets: Asia.”

Answer Bank: Can I get coronavirus from deliveries?

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These days you can get almost everything through the internet, and during the coronavirus outbreak, online shopping has become a lifeline for many. But then the question comes, can I get coronavirus from the packages I order? CGTN’s Li Zhao explains. Subscribe to us on YouTube: https://goo.gl/lP12gA Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 … Read more Answer Bank: Can I get coronavirus from deliveries?

Von der Leyen Outlines $825 Billion Coronavirus Stimulus for European Union

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The European Union has stepped back from the brink. Again. Unprecedented in nature and ambitious in scope, the 2.4 trillion euros ($2.6 trillion) in total recovery spending unveiled by the EU — anchored by 750 billion euros of joint debt issuance — has already started to calm jittery markets and it might just restore a … Read more Von der Leyen Outlines $825 Billion Coronavirus Stimulus for European Union

Rally for major bank stocks leads Australian shares higher | Finance Report

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Surging bank stocks boosted the Australian share market, following similar moves on Wall Street overnight, but the benchmark index closed off the highs of the session. Read more here: https://www.abc.net.au/news/2020-05-28/big-banks-rally-leading-gains-on-asx-insurances-claims-top-$5b/12294786?section=business For more from ABC News, click here: https://ab.co/2kxYCZY You can watch more ABC News content on iview: https://ab.co/2OB7Mk1 Subscribe to us on YouTube: http://ab.co/1svxLVE Go … Read more Rally for major bank stocks leads Australian shares higher | Finance Report

Fed’s Williams on Economic Recovery, Yield Curve and Monetary Policy

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May.27 — Federal Reserve Bank of New York President John Williams discusses the outlook for the U.S. economy and monetary policy amid the Covid-19 pandemic. He speaks with Bloomberg’s Jonathan Ferro and Mike McKee on “Bloomberg The Open.”