banks in Group of Seven countries purchased $1.4 trillion of financial assets
in March, nearly five times as much as the previous monthly record set in April
2009, according to a Bloomberg Economics analysis.
coronavirus pandemic, if prolonged, could trigger a negative feedback loop in
which a worsening economy threatens to destabilize Japan's financial system,
the Bank of Japan warned on Tuesday.
Union leaders meeting via videocall on Thursday are not expected to make any
final decisions on exactly how to finance economic recovery from the
coronavirus pandemic, diplomats and officials told Reuters.
employers have put more than a million staff on temporary leave due to the
coronavirus, finance minister Rishi Sunak said, reporting a flood of
applications since the government's costliest program to support the economy
economy could shrink "significantly" in the June quarter and remain
"subdued" through September due to the hit from the coronavirus
pandemic, minutes of the country's central bank's April 7 policy meeting showed
plunged on Tuesday, as a slump in oil triggered a sea of red across Wall
Street, prompting investors to pull their bearish bet on large-cap tech stocks.
Oil fell around 55% as bears mauled it on news that the
state of Texas won’t cut output yet despite immense supply glut and scarce
storage for oil.
Gold rose as the Dow’s slump on Tuesday amid a sea of
red in U.S. energy and tech stocks created fears of an imminent cash crunch
that knocked gold right off the $1,700 berth it had returned to in the previous