Infiniti Research, a leading market intelligence solutions provider, has recently announced the completion of its latest article on the strategies for banking companies to respond to the coronavirus crisis. This press release features multimedia.
Nikkei: * JAPAN'S ANA HOLDINGS TO REQUEST GOVERNMENT GUARANTEE FOR PART OF 1.3 TRILLION YEN CO IS SEEKING IN CREDIT LINES - NIKKEI. * ANA IS ALSO REQUESTING 300 BILLION YEN IN LOANS FROM LENDING PROGRAM RUN BY GOVERNMENT-BACKED DEVELOPMENT BANK OF JAPAN - NIKKEI Source text : Further company coverage:
- The economic toll of the coronavirus pandemic hit home for Americans last month, as consumers braced for job losses, anticipated spending cuts and grew more pessimistic about their ability to cover their bills, according to data released by the Federal Reserve Bank of New York on Monday.
The Federal Reserve Bank of New York opened the registration process for the upcoming commercial paper funding facility, which will backstop lending markets and help keep credit available for U.S. businesses and households.
Federal Reserve and its European peers have pumped liquidity through the Western financial system in recent weeks, Beijing has been notably restrained. Recently, however, there have been hints of a change in tone. On Friday, the People's Bank of China cut the amount of cash banks must hold in reserve for the second time in less than a month, releasing an estimated 400 billion yuan for lending.
Global stocks rallied Monday as investors cheered early signs that lockdowns in the U.S. and Europe may be helping slow the coronavirus pandemic, even as Americans brace for a difficult week with infections likely to peak. The Dow Jones Industrial Average rose 1,042 points, or 5%, to 22095, although the index is still down more than 20% this year. The S&P 500 rose 4.8%, and the Nasdaq Composite gained 4.8%.
Gold prices surged over 2% to a more
than three-week high on Monday on expectations of global
stimulus measures to counter the economic damage caused by the
outbreak of the novel coronavirus.
'We need to see the other shoe drop' before getting back into stocks: Minerd. Scott Minerd is looking for opportunities to dip his toes into the coronavirus-stricken stock market. However, you may not find him wading into equities anytime soon if the outlook for the economy is as grim as he is forecasting.
Use the money to pay bills, pay down your HELOC, or simply to get through the pandemic. The $2 trillion coronavirus economic recovery bill is expected to be passed by the House Friday and signed into law by President Trump shortly thereafter. The legislation has been dubbed the Coronavirus Aid, Relief, and Economic Security Act.
Global currency fund managers racked up gains in the first quarter as they benefited from the extreme volatility that the coronavirus pandemic has stoked across financial markets.
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