2020 World Economic Forum in Davos

Fed action ‘hugely helpful’in stabilising bond markets:Tradeweb CEO

LONDON (Reuters) – Steps taken by the U.S. Federal Reserve and other major central banks to maintain liquidity in markets has been “hugely helpful” in stabilising the spike in volatility in bond markets, Tradeweb Chief Executive Lee Olesky said on Friday. The U.S. Federal Reserve has scooped up bonds and extended loans to banks and […]

Russian government pulled $25 billion from banks in December as Putin revives stimulus plan

By Tatiana Voronova MOSCOW (Reuters) – The finance ministry withdrew 1.6 trillion rubles ($25 billion) from Russia’s two top banks in December, as state spending under a stimulus program ordered by President Vladimir Putin picked up, data showed on Tuesday. In May 2018, shortly after his re-election, Putin announced a $400 billion spending plan for […]

EU executive mulls 2 trillion euro recovery plan: internal note

BRUSSELS (Reuters) – The European Commission is considering a plan that would produce two trillion euros to finance a European economic recovery after the deep recession that the coronavirus pandemic is expected to cause this year, an internal note of the EU’s executive showed. The note said both the EU’s next long-term budget for 2021-2027 […]