An emergency interest rate cut from the Bank of England sent the Pound lower against the common currency Euro but maintained some traction versus the US Dollar. The BoE announced its new benchmark lending rate at 0.25%, a reduction of 50 basis points and twice as much as markets had […]
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Oil Prices Head Higher on U.S. Cut Hopes – 11 March 2020
Reports that U.S. oil producers are cutting output sent futures higher during Wednesday’s Asian trading session, the second consecutive session of gains for the battered commodity sector. Brent crude futures were trading at $36.79 per barrel as of 3:55 p.m. HK/SIN on Wednesday, and U.S. WTI futures were at $33.92 […]
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US Government Discussing Stimulus Package – 11 March 2020
As the coronavirus epidemic continues spreading around the world, the United States government together with Congress negotiated a series of economic measures with the purpose of boosting the United State’s economic performance. “We had a good reception on Capitol Hill. We’re going to be working with Republican and Democratic leadership […]