Central banking

Traders gather at a post on the floor of the New York Stock Exchange, Wednesday, March 4, 2020. Stocks are surging in early trading on Wall Street, led by health care stocks after Joe Biden scored a number of Super Tuesday wins. (AP Photo/Richard Drew)
March 04, 2020 - 3:50 pm
The Dow Jones Industrial Average soared more than 1,100 points, or 4.5%, Wednesday as governments and central banks around the globe took more aggressive measures to fight the virus outbreak and its effects on the economy. The gains more than recouped the market's big losses from a day ealier as...
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A currency trader walks by a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Wednesday, March 4, 2020. Asian stock markets were mostly higher Wednesday after Wall Street sank despite an emergency U.S. interest cut aimed at defusing fears a virus outbreak might depress global economic activity. (AP Photo/Lee Jin-man)
March 04, 2020 - 3:35 am
BEIJING (AP) — Global stock markets were mixed Wednesday after Wall Street sank despite an emergency U.S. interest cut aimed at defusing fears the virus outbreak might stunt global economic activity. London opened lower while Germany advanced. Shanghai gained, Sydney and Hong Kong declined and...
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A currency trader walks by a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room in Seoul, South Korea, Wednesday, March 4, 2020. Asian stock markets were mostly higher Wednesday after Wall Street sank despite an emergency U.S. interest cut aimed at defusing fears a virus outbreak might depress global economic activity. (AP Photo/Lee Jin-man)
The Associated Press
March 04, 2020 - 3:26 am
BEIJING (AP) — Global stock markets were mixed Wednesday after Wall Street sank despite an emergency U.S. interest cut aimed at defusing fears the virus outbreak might stunt global economic activity. London opened lower while Germany advanced. Shanghai gained, Sydney and Hong Kong declined and...
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Travelers Meredith Ponder, left, and Coleby Hanisch, both of Des Moines, Iowa, wear masks to remind them not to touch their faces as they ride a train at Seattle-Tacoma International Airport Tuesday, March 3, 2020, in SeaTac, Wash. Six of the 18 Western Washington residents with the coronavirus have died as health officials rush to test more suspected cases and communities brace for spread of the disease. All confirmed cases of the virus in Washington are in Snohomish and King counties. (AP Photo/Elaine Thompson)
March 03, 2020 - 8:14 pm
PARIS (AP) — The coronavirus epidemic shifted increasingly westward toward the Middle East, Europe and the United States on Tuesday, with governments taking emergency steps to ease shortages of masks and other supplies for front-line doctors and nurses. “We are concerned that countries' abilities...
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FILE - In this June 6, 2018, file photo, a motorcyclist rides past the Bank Negara Malaysia in Kuala Lumpur, Malaysia. Malaysia's central bank reduced its key overnight policy rate by 0.25 percentage points to 2.5% on Tuesday, March 3, 2020, citing worsening economic conditions from the virus outbreak in a growing number of countries. The central bank said it expects economic growth to be stunted in this quarter as tourism and consumer spending take a hit from weaker demand. (AP Photo/Sadiq Asyraf, File)
March 03, 2020 - 2:48 am
KUALA LUMPUR, Malaysia (AP) — Malaysia's central bank reduced its key overnight policy rate by 0.25 percentage points to 2.5% on Tuesday, citing worsening economic conditions from the virus outbreak in a growing number of countries. The Bank Negara Malaysia said it expects economic growth to be...
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FILE - In this Oct. 1, 2019, file photo, a man walks past the Reserve Bank of Australia in Sydney. Australia’s central bank on Tuesday, March 3, 2020 cut its benchmark interest rate by a quarter of a percentage point to a record low of 0.5% in response to the economic shock of the new coronavirus. (AP Photo/Rick Rycroft, File)
March 02, 2020 - 11:35 pm
CANBERRA, Australia (AP) — Australia’s central bank on Tuesday cut its benchmark interest rate by a quarter of a percentage point to a record low of 0.5% in response to the economic shock of the new coronavirus. The reduction at the Reserve Bank of Australia’s monthly meeting is the first since...
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Traders Robert Charmak, left, and Gregory Rowe fist bump at the close of trading, on the floor of the New York Stock Exchange, Monday, March 2, 2020. The Dow Jones Industrial Average surged more than 1,200 points, or 5%, on hopes that central banks will take action to shelter the global economy from the effects of the coronavirus outbreak. (AP Photo/Richard Drew)
March 02, 2020 - 8:36 pm
TOKYO (AP) — Asian shares rose Tuesday amid hopes that central banks will take action to shield the global economy from the effects of the coronavirus outbreak. Japan's Nikkei 225 gained 0.5% in morning trading to 21,441.82. Australia's S&P/ASX 200 jumped 1.9% to 6,510.90. South Korea's Kospi...
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March 02, 2020 - 4:04 pm
FRANKFURT, Germany (AP) — The head of the European Central Bank says Europe's top monetary authority is ready to take “appropriate and targeted measures” if necessary to support the economy against the headwinds from the coronavirus. Christine Lagarde said in a statement Monday that the virus “is a...
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March 02, 2020 - 4:00 pm
FRANKFURT, Germany (AP) — European Central Bank head Lagarde: Bank is "ready to take appropriate and targeted measures" to support economy.
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A woman walks past an electronic board showing world currency exchange rates at a securities firm in Tokyo Monday, March 2, 2020. Share prices have charged back from their retreat last week, with mainland Chinese indexes gaining 3% as data showed progress in restoring factory output after weeks of disruptions from the viral outbreak. (AP Photo/Eugene Hoshiko)
March 02, 2020 - 7:12 am
LONDON (AP) — Mounting concerns about the economic impact of the new coronavirus outbreak saw gains in European stock markets wiped out Monday despite hopes of stimulus measures from major central banks. Wall Street was set to post more losses at the opening bell, coming on top of last week's drop...
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