With $2.3 Trillion Injection, Fed’s Plan Far Exceeds Its 2008 Rescue
The Federal Reserve said it could pump $2.3 trillion into the economy through new and expanded programs it announced on Thursday, ramping up its efforts to help companies and state and local governments suffering financial damage from the coronavirus.
U.S. commercial paper rates fall as Fed’s interventions take hold
Rates on U.S. short-term corporate loans fell on Friday, suggesting that investors had begun to respond to the Federal Reserve’s interventions to return liquidity to the market, according to data released on Monday by the central bank.
India toughens rules on investments from neighbours, seen aimed at China
India has stepped up scrutiny of investments from companies based in neighbouring countries, in what is widely seen as a move to stave off takeovers by Chinese firms during the coronavirus outbreak.
Virus Vaccine May Be Ready for Mass Production By Autumn, Oxford Professor Says
A coronavirus vaccine trial by University of Oxford researchers aims to get efficacy results by September, and manufacturing is already underway. A team led by Sarah Gilbert, a professor of vaccinology, has recruited 500 volunteers from the ages of 18 to 55 for the early- and mid-stage randomized controlled trial. It will be extended to […]
Guidelines to Open US Economy
State and local officials may need to tailor the application of these criteria to local circumstances (e.g., metropolitan areas that have suffered severe COVID outbreaks, rural and suburban areas where outbreaks have not occurred or have been mild). Additionally, where appropriate, Governors should work on a regional basis to satisfy these criteria and and to […]
Report says COVID-19 patients respond to Gilead’s remdesivir, shares surge
Gilead Sciences Inc’s shares surged 16% in after hours trading on Thursday following a media report detailing encouraging partial data from trials of the U.S. company’s experimental drug remdesivir in severe COVID-19 patients.
How Germany plans to gradually reopen its economy after a weeks-long coronavirus shutdown
Chancellor Angela Merkel Wednesday laid out Germany’s plan to gradually resume public life while maintaining social distancing, a month after Europe’s largest economy effectively shut down in an effort to slow the coronavirus outbreak.
Fauci expresses ‘cautious optimism’ coronavirus outbreak is slowing, US could start reopening in May
White House health advisor Dr. Anthony Fauci on Sunday expressed “cautious optimism” that the deadly coronavirus outbreak is slowing down in the United States, and said that parts of the country may start to reopen as soon as May.
U.S. agencies back revoking ability of China Telecom to operate in U.S.
The U.S. Justice Department and other federal agencies on Thursday called on the Federal Communications Commission (FCC) to revoke China Telecom (Americas) Corp’s (0728.HK) authorization to provide international telecommunications services to and from the United States.
‘Pack up and get out of there,’ Japan to spend $2.2 billion to get Japanese companies to exit China
The first of the many avalanches has begun for China. The Shinzo Abe government of Japan has approved a stimulus package worth whopping 108.2 trillion yen (US$993 billion) – equal to 20 percent of Japan’s economic output – to cushion the impact of the epidemic on the world’s third-largest economy.