World leaders rush in to shore up panic-hit global financial system

World finance leaders tried to lift confidence with emergency measures to pour cash into panic-stricken markets on Thursday, as investors everywhere dumped assets, switching to dollars amid the escalating coronavirus pandemic. Policymakers in the United States, Europe and Asia have slashed interest rates and opened liquidity taps to stabilize economies left almost comatose, with quarantined […]

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Fed slashes rates, global central banks coordinate to cushion coronavirus blow

The U.S. Federal Reserve and global central banks moved aggressively on Sunday to buttress a world economy unraveling rapidly amid the coronavirus pandemic, with the Fed slashing interest rates to near zero, pledging hundreds of billions of dollars in asset purchases and backstopping foreign authorities with the offer of cheap dollar financing. The coordinated global […]

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