Central banking

An employee of a bank wearing a face mask watches the computer monitors at the foreign exchange dealing room in Seoul, South Korea, Tuesday, March 31, 2020. Asian shares surged Tuesday after a rally in U.S. stocks, mostly spurred by health care companies' announcements of developments that could aid in the coronavirus outbreak. (AP Photo/Lee Jin-man)
March 30, 2020 - 10:36 pm
TOKYO (AP) — Asian shares surged Tuesday after a rally in U.S. stocks, mostly spurred by health care companies' announcements of developments that could aid in the coronavirus outbreak. Japan's benchmark Nikkei 225 rose 0.8% in morning trading to 19,243.91. Australia's S&P/ASX 200 added 2.0% to...
Read More
A staff member carries plastic buckets containing medical waste from new coronavirus patients at the Dongsan Hospital in Daegu, South Korea, Wednesday, March 25, 2020. For most people, the new coronavirus causes only mild or moderate symptoms, such as fever and cough. For some, especially older adults and people with existing health problems, it can cause more severe illness, including pneumonia. (Park Dong-joon/Yonhap via AP)
March 26, 2020 - 12:03 am
The Latest on the coronavirus pandemic. The new coronavirus causes mild or moderate symptoms for most people, but for some, especially older adults and people with existing health problems, it can cause more severe illness or death. TOP OF THE HOUR: — South Korea’s central bank to temporarily...
Read More
A person wearing protective masks due to coronavirus fears walks past a boarded up business in Philadelphia, Tuesday, March 24, 2020. (AP Photo/Matt Rourke)
March 24, 2020 - 7:32 pm
The rapid spread of the coronavirus since it was first reported in China has dealt an unprecedented shock to the global economy. Here's a look at developments Tuesday as central banks, businesses and workers attempt to navigate a global outbreak that has brought economic activity to a standstill...
Read More
A person wearing protective masks due to coronavirus fears walks past a boarded up business in Philadelphia, Tuesday, March 24, 2020. (AP Photo/Matt Rourke)
March 24, 2020 - 6:17 pm
The rapid spread of the coronavirus since it was first reported in China has dealt an unprecedented shock to the global economy. Here's a look at developments Tuesday as central banks, businesses and workers attempt to navigate a global outbreak that has brought economic activity to a standstill...
Read More
FILE - In this Tuesday, March 3, 2020 file photo, Federal Reserve Chair Jerome Powell pauses during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. In a series of sweeping steps, the U.S. Federal Reserve will lend to small and large businesses and local governments as well as extend its bond buying programs. The announcement Monday, March 23 is part of the Fed's ongoing efforts to support the flow of credit through an economy ravaged by the viral outbreak. (AP Photo/Jacquelyn Martin, File)
March 23, 2020 - 1:41 pm
WASHINGTON (AP) — The Federal Reserve is unleashing its boldest effort yet to protect the U.S. economy from the coronavirus by helping companies and governments pay their bills and survive a devastating crisis. With lending in Treasury and mortgage markets threatening to shut down, the Fed...
Read More
FILE - In this Feb. 5, 2018, file photo, the seal of the Board of Governors of the U.S, Federal Reserve System lies embedded in the floor at the Marriner S. Eccles Federal Reserve Board Building in Washington. The Federal Reserve announced late Wednesday, March 18, 2020, that it will establish an emergency lending facility to help unclog a short-term credit market that has been disrupted by the coronavirus outbreak. The Fed said it will lend money to banks that purchase financial assets from money market mutual funds, including short-term IOUs known as commercial paper. (AP Photo/Andrew Harnik, File)
March 20, 2020 - 5:50 pm
WASHINGTON (AP) — The Federal Reserve moved with unprecedented force and speed Friday to pump huge amounts of cash into the financial system to ease disruptions that have escalated since the viral outbreak. The New York Federal Reserve Bank said it will offer $1 trillion of overnight loans a day...
Read More
FILE - This Wednesday, April 3, 2019, file photo shows a box filled with dollar bills, in New York. A growing number of businesses and individuals worldwide have stopped using banknotes in fear that physical currency, handled by tens of thousands of people over their useful life, could be a vector for the spreading coronavirus.(AP Photo/Mark Lennihan, File)
March 20, 2020 - 1:18 am
NEW YORK (AP) — In a world suffering a pandemic, cash is no longer king. A growing number of businesses and individuals worldwide have stopped using banknotes in fear that physical currency, handled by tens of thousands of people over their useful life, could be a vector for the spreading...
Read More
This photo provided by the New York Stock Exchange, Thursday, March 19, 2020, shows trader Gregory Rowe, center, as he works on the trading floor. Stocks are see-sawing between gains and losses in midday trading on Wall Street Thursday, but the moves are more subdued than the wild jabs that have dominated recent weeks. (NYSE Photo by Alyssa Ringler via AP)
March 19, 2020 - 10:48 pm
BEIJING (AP) — Asian stock markets were mostly higher Friday after modest Wall Street gains on hopes government and central bank action can shield the world economy from a looming global recession caused by the coronavirus pandemic. Benchmarks in Shanghai, Hong Kong, Australia and Southeast Asia...
Read More
FILE - In this Feb. 5, 2018, file photo, the seal of the Board of Governors of the U.S, Federal Reserve System lies embedded in the floor at the Marriner S. Eccles Federal Reserve Board Building in Washington. The Federal Reserve announced late Wednesday, March 18, 2020, that it will establish an emergency lending facility to help unclog a short-term credit market that has been disrupted by the coronavirus outbreak. The Fed said it will lend money to banks that purchase financial assets from money market mutual funds, including short-term IOUs known as commercial paper. (AP Photo/Andrew Harnik, File)
March 19, 2020 - 8:11 am
Washington (AP) — The Federal Reserve has established currency swaps with nine central banks overseas to support dollar lending in global markets that are under pressure from the impact of the virus outbreak. Under the swap lines, the Fed exchanges dollars for an equal amount of foreign currency...
Read More
A sign advises of the closure of a restaurant at Pike Place Market on Tuesday, March 17, 2020, in Seattle. Many shops in the landmark market continue to remain open, though business has dropped considerably in recent weeks. A day earlier, Washington Gov. Jay Inslee ordered all bars, restaurants, entertainment and recreation facilities to temporarily close to fight the spread of COVID-19 in the state with by far the most deaths in the Unite States from the disease. (AP Photo/Elaine Thompson)
March 17, 2020 - 6:30 pm
WASHINGTON (AP) — The Federal Reserve put in motion two emergency lending programs Tuesday that were last deployed in response to the 2008 financial crisis, aiming to ease the flow of credit to businesses and households struggling amid the viral outbreak. The first, announced mid-morning, is...
Read More

Pages