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Central Banks

Boundless Fed bond-buying fuels stocks rebound, dollar recoils

福利网站Financial markets rebounded on Tuesday, with stocks and oil jumping about 4% in Europe, while the safe-haven dollar recoiled as unprecedented global stimulus efforts gained traction.

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Oil jumps towards $28 on Fed steps to support economy

福利网站Oil jumped 3% on Tuesday towards $28 a barrel, supported by steps by the U.S. Federal Reserve to bolster the economy and hopes the United States will soon reach a deal on a $2 trillion coronavirus aid package.

Bank of England says coronavirus tougher than banks' stress test

福利网站The shock from coronavirus to banks is set to be greater but less prolonged than lenders faced in last year's stress test and the financial system remains resilient, the Bank of England said on Tuesday.

UK shares join global rebound on stimulus measures

福利网站UK shares regained some ground on Tuesday, as massive stimulus measures from central banks and governments paused the coronavirus-driven selloff even as Britain went into a lockdown.

Japan banks borrow record $89.3 billion from Bank of Japan as dollar shortage lingers

Japanese banks borrowed a record $89.3 billion (76.69 billion pounds) in two Bank of Japan funding operations on Tuesday, suggesting strong demand for the dollar from the country's financial institutions.

Japan central bank loses billions on ETFs, may face annual loss

The Bank of Japan on Tuesday acknowledged unrealised losses of 2-3 trillion yen (15-23 billion pounds) on its holdings of exchange-traded funds (ETFs) after a rout in Japanese stock prices, raising the prospect it could post an annual loss this year.

With latest moves, Fed becomes creditor in chief for U.S. business

In undertaking what will undoubtedly be its largest rescue effort ever, the Federal Reserve on Monday announced programs that represent a never-before-seen intervention by the central bank into the heart of the "real" American economy.

Fed's big move could help U.S. Treasury liquidity, but effects may not last long

The Federal Reserve's unparalleled steps to directly backstop the U.S. economy and its willingness to purchase vast sums of U.S. government debt, mortgage-backed securities and even corporate bonds could help boost depleted liquidity in the $17-trillion (£15 trillion) Treasury market.

Australia central bank pumps in liquidity, buys bonds as deep recession looms

Australia's central bank injected A$6.9 billion (3.51 billion pounds) into the financial system on Tuesday and bought A$4 billion in bonds as economists predicted a spike in unemployment and the worst recession in the country's history due to the coronavirus.

U.S. Fed aims 'bazooka' to backstop coronavirus-hit economy

福利网站The U.S. Federal Reserve on Monday rolled out an extraordinary array of programs to backstop an economy reeling from sweeping restrictions on commerce that scientists say are needed to slow the coronavirus pandemic and ultimately keep more people safe.

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Business News

Coronavirus smashes UK economy with unprecedented force - PMI

Britain's economy is shrinking at a record pace, faster than during the 2008-09 financial crisis, as businesses across the services sector shut up shop in face of the coronavirus, a survey showed on Tuesday.

Sunak says practical issues with helping self-employed over coronavirus

In lockdown Britain supermarkets limit customers to enforce social distancing