TOKYO, March 12 (Reuters) – Japanese purchases of overseas debt last week surged to a record high, in what investors say is likely a coordinated effort by government pension funds to stem a massive rally in the yen. Domestic investors…
Read MoreTop U.S. Senate Democrat: Coronavirus relief must address housing, schools
WASHINGTON, March 11 (Reuters) – U.S. Senate Democrats on Wednesday said any economic relief package amid the ongoing coronavirus outbreak must include funds to help support housing, and to help keep schools and child care centers clean, among other community-related…
Read MoreUPDATE 1-Boeing plans full drawdown of $13.8 bln loan this week -source
(Changes source, adds share fall) March 11 (Reuters) – Boeing Co is planning a full drawdown of an existing $13.8 billion loan as early as Friday, as the U.S. based plane-maker struggles with worldwide travel disruptions from the coronavirus outbreak,…
Read MoreTREASURIES-U.S. Treasury yields fall as stocks sink on stimulus uncertainty
CHICAGO, March 11 – U.S. Treasuries rebounded on Wednesday as stocks dropped over uncertainty on how the White House plans to combat the impact of the coronavirus outbreak on the economy. The 10-year note yield was last at 0.711%, down…
Read MoreCoronavirus will cost business travel sector $1.14 trillion in revenue: Industry group
BENGALURU (REUTERS) – The global business travel sector is expected to take a revenue hit of about US$820 billion (S$1.14 trillion), with China accounting for nearly half of the losses, as corporates curb travel plans in the wake of the…
Read MoreUK cuts growth forecasts for 2020, increases for 2021
LONDON, March 11 (Reuters) – British finance minister Rishi Sunak announced updated growth forecasts for the country’s economy which was on course to expand by 1.1% this year and 1.8% in 2021, as he presented his first annual budget on…
Read MoreItaly's econmin hopes ECB will support Rome's anti-coronavirus measures
ROME, March 11 (Reuters) – Economy Minister Roberto Gualtieri on Wednesday said he expected the European Central Bank to support Italy as the government prepared a raft of measures to counter the impact of the coronavirus on businesses and citizens….
Read MoreUPDATE 1-BOJ likely to ease policy in bid to bolster sentiment, sources say
* Increasing ETF buying emerging as strong option – sources * BOJ focus for now on stabilising markets, lifting mood * More thorough analysis of economy will come in April * BOJ next meets for rate review March 18-19 (Adds…
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