U.S. President Trump renewed his threat to cut ties with Beijing a day after the first high-level diplomatic talks between the two economic giants being described as “tense”.
Category: Features
Growing concerns about a new wave of COVID-19 cases globally crushed hopes of a quick global economic comeback and underpinned safe-haven demand.
Fed is cautious and its Chairman Jerome Powell douses some market optimism with a bleak U.S. economic picture, but he reaffirms continued policy support.
The Fed will start corporate bond buying through the secondary market corporate credit facility, one of several emergency facilities to shore up liquidity.
With many scientists citing fears of a fresh virus wave global markets began the week on a glum note as some countries ease coronavirus restrictions while others consider tightening back up.