The Federal Reserve is "aggressively" tackling problems with market functioning and liquidity as it sees them arise, with programs like the Term Auction Facility for banks not deemed necessary yet but still "on the table," Richmond Federal Reserve president Thomas Barkin said in an interview.
The U.S. Federal Reserve opened the taps on Thursday for central banks in nine additional countries to access dollars in hopes of preventing the coronavirus epidemic from causing a global economic rout.
The U.S. Federal Reserve on Thursday opened the taps for central banks in nine new countries to access dollars in hopes of preventing the coronavirus epidemic from causing a global economic rout.
As the coronavirus pandemic threatens to bring U.S. economic activity to a halt, American businesses are jockeying for a financial lifeline from President Donald Trump's administration and Congress.
The world's wealthiest nations poured unprecedented aid into the traumatized global economy on Thursday as coronavirus cases ballooned in the current epicentre Europe even as they waned at the pandemic's point of origin, China.
Prince Albert of Monaco has tested positive for coronavirus but his health "is not a cause for concern", his office said on Thursday.
Wall Street drifted lower on Thursday as policymakers pulled out all the stops to try and stave off a deep and lasting coronavirus-driven recession and its damaging fallout on corporate America.
Russian President Vladimir Putin and Chinese President Xi Jinping discussed the coronavirus by phone on Thursday and agreed to deepen cooperation on developing pharmaceuticals, the Kremlin said.
Amazon workers in France are coming under unacceptable pressure, Finance Minister Bruno Le Maire said on Thursday, after staff complained they faced not getting paid if they stopped showing up due to fears of coronavirus contamination.
Shares of Uber Technologies Inc rose as much as 35% after CNBC reported that the company has plenty of cash on hand to get through the coronavirus crisis and is seeing growth in areas of businesses other than ride-hailing.
Ford Motor Co on Thursday moved to hoard cash on its balance sheet, drawing down $15.4 billion from two credit lines and suspending its dividend, in a move to bolster reserves to ride out damage to its business from the coronavirus pandemic.
The Bank of England cut interest rates to 0.1% on Thursday, its second emergency rate cut in just over a week, and ramped up its bond-buying program in a fresh attempt to shield Britain's economy from the coronavirus outbreak.
The U.S. Department of Energy said on Thursday it will buy up to 30 million barrels of crude oil for the Strategic Petroleum Reserve by the end of June as a first step in fulfilling President Donald Trump's directive to fill the emergency stockpile to help domestic crude producers.
Several employees at Goldman Sachs Group Inc's New York headquarters are believed to have contracted the novel coronavirus, according to two sources, making it the latest Wall Street bank whose staff have been affected by the pandemic.
Colombia will block entry to everyone traveling from abroad from midnight on Monday in an effort to control the spread of coronavirus, President Ivan Duque said on Thursday.