The European Central Bank beefed up its bond-buying programme on Thursday in its latest effort to support a euro zone economy pummelled by more than two months of shutdowns due to the coronavirus pandemic.
The European Central Bank expects the euro zone to suffer a deep recession this year, with losses only partly made up in 2021 as pandemic-related restrictions weigh on output for an extended period.
The European Central Bank beefed up its bond-buying programme on Thursday in its latest effort to support a euro zone economy pummelled by more than two months of shutdowns to cope with the coronavirus pandemic.
European Central Bank policymakers debated expanding their pandemic-fighting programme by between 500 billion euros ($566 billion) and 750 billion euros on Thursday before settling for a compromise figure, three sources told Reuters.
Germany said it will oblige all petrol stations to offer electric car charging to help remove refuelling concerns and boost consumer demand for the vehicles as part of its 130 billion euro ($146 billion) economic recovery plan.
The S&P 500 and Nasdaq indexes edged lower in choppy trading on Thursday, as a rally fueled by hopes of a post-coronavirus economic recovery fizzled out even with weekly jobless claims dipping below 2 million for the first time since mid-March.
Oil prices fell on Thursday on doubts over the ability of top crude producers to agree to extend record output cuts, heightened by worries over a build in U.S. fuel inventories.
Volkswagen is resuming deliveries of its Golf 8 model after fixing a software glitch, a spokesman said on Thursday.
Expectations that the global economy has dodged the worst-case scenarios for the coronavirus pandemic have led to a dramatic selloff in U.S. government bonds from their record highs, pushing the yield curve to its steepest level since March.
The U.S. Transportation Department plans to issue a revised order in the coming days that is likely to allow some Chinese passenger airline flights to continue, government and airline officials said.
Peer2Peer Finance UK | Michael Lloyd | Jun 3, 2020 Innovate Finance is representing peer-to-peer platforms in talks about non-bank lenders receiving access to cheap funding from the Bank of England, Peer2Peer Finance News can reveal. The industry body has argued that without access to the Bank of England’s Term Funding Scheme – which is
The Nasdaq 100 index retreated from an intraday record high on Thursday, with the S&P 500 and Dow Jones indexes also slipping as a rally fueled by hopes of a post-coronavirus economic recovery fizzled out.
U.S. Secretary of State Mike Pompeo is set warn American investors on Thursday against 'fraudulent' accounting practices of China-based companies, and suggest the Nasdaq's recent decision to tighten listing rules for such players should be a model for all other exchanges around the world.
Germany has become the second major European economy to use a multi-billion-euro recovery plan to spur clean driving, with incentives for electric cars that should boost Volkswagen and Tesla , while polluting SUVs face higher taxes.
This month, financial advisors will be required to comply with regulation Best Interest, a rule that requires them to put clients' interests first and disclose any conflicts. Some say this doesn't go far enough.