Wall Street Week Ahead: Bond investors look for Fed to justify steepening yield curve
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.
U.S. to revise Chinese passenger airline ban: sources
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.
Wall Street retreats after rallying on recovery optimism
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.
Exclusive: Pompeo to urge stock exchanges globally to tighten rules for Chinese companies
U.S. Secretary of State Mike Pompeo plans to warn American investors 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 e…
Germany rebuffs gasoline auto lobby with radical electric plan
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.
America’s billionaire wealth jumps by over half a trillion during COVID-19 pandemic: report
The combined wealth of America’s billionaires, including Amazon.com Inc founder Jeff Bezos and Facebook Inc CEO Mark Zuckerberg, jumped over 19% or by half a trillion since the onset of the COVID-19 pandemic in the United States, according to a repor…
FCA to face checks, sanctions on state-backed loan
Fiat Chrysler will file regular reports on its use of a multi-billion euro state-backed loan which Italy is set to approve soon and will face sanctions if it does not respect commitments attached to the package, the economy minister said.
ECB gives another shot of stimulus as economy reels
The European Central Bank approved a bigger-than-expected expansion of its stimulus package on Thursday to prop up an economy plunged by the coronavirus pandemic into its worst recession since World War Two.
ECB policymakers debated 500-750 billion euros package before compromise, sources say
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.
Lagarde comments at ECB press conference
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.
