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| Dollar downbeat as Fed rate cut brings more worry than calm TOKYO (Reuters) - The dollar hovered near five-month lows versus the yen on Wednesday after the U.S. Federal Reserve's emergency 50 basis point rate cut sparked more anxiety about the impact of the coronavirus and sent Treasury yields tumbling to ... | |
| Simon & Schuster Is Up for Sale Simon & Schuster, the publishing powerhouse behind best-selling authors like Stephen King, Ursula K. Le Guin and Judy Blume, is up for sale. Its owner, ViacomCBS, announced Wednesday that, after a "strategic review," the book publisher was no longer ... | |
| Fed Rate Cut Puts ECB in Hot Seat FRANKFURT—The Federal Reserve's surprise rate cut this week puts the European Central Bank under pressure to act as the eurozone's already lethargic economy creaks under the spreading coronavirus epidemic. There is just one problem: The bank's ... | |
| ECB Restricts Travel; Delayed Olympics Possible: Virus Update The European Central Bank said it would restrict all non-essential travel until April 20, Japan's Olympics minister said it would be possible to delay the summer games to later in the year and car sales in China plunged. Total coronavirus cases topped 93,000. | |
| Airlines Feel Deepening Impact as Coronavirus Upends Travel Since the financial crisis a decade ago, airlines in the United States have consolidated and tightened operations, taken advantage of changing travel habits and created new offerings for passengers, engineering an extended stretch of profitability. Now, the ... | |
| With Oil Prices Down 20%, OPEC Pushes for Stability A 20 percent plunge in oil prices this year since the coronavirus outbreak took hold has alarmed the world's top oil officials, and their challenge to prop up prices keeps getting harder. Leaders from the OPEC nations and Russia are gathered in Vienna this ... | |
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| Fed's $100 Billion Repo Intervention Falls Short Of Bank Demand Big banks' demand for central bank cash remained very strong on Wednesday, leading the Federal Reserve Bank to add a fresh $100 billion to the financial system. The Fed added the money via what's called an overnight repurchase agreement operation, ... | |
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