Payments of the massive coronavirus stimulus approved by leaders of the European Union will start in the second half of next year.
Unconventional financial tools such as frequent liquidity injections may restore credit flows and facilitate recovery but run the risk of asset price overvaluation, said Dr. Patrick Lenain, Assistant Director at the OECD, France.
Australia’s coveted ‘AAA’ credit rating came under threat on Wednesday as the country’s parliament discussed an emergency A$130 billion ($80 billion) stimulus package bill to help cushion the economic blow from the coronavirus pandemic.
In an arid valley in central Mexico, one of the world’s largest automotive suppliers is preparing to open a new plant to produce components for North America,
World shares dipped on Monday as the US Senate’s passage of a $1.9 trillion stimulus bill put fresh pressure on Treasuries and tech stocks with lofty valuations, raising inflation jitters.
The Bank of England left its key interest rate and stimulus unchanged on Thursday, but slashed its 2021 growth forecast despite vaccines rollouts.
World shares inched higher while US bond yields held near a 13-month peak on Monday on bets that economic growth would accelerate, even though investors became wary of the Federal Reserve and other key central bank meetings in the days ahead.
The Bank of England (BoE) called on lenders on Friday to provide enough credit to companies to see them through the coronavirus crisis as the government closes its emergency lending guarantee schemes.
US consumer spending fell by the most in 10 months in February as a cold snap gripped many parts of the country and the boost from a second round of stimulus checks to middle- and lower-income households faded.