Economic recovery further away than markets think: BlackRock CEO Fink
NEW YORK (Reuters) – The U.S. economy is going to take longer to recover from the hit from the coronavirus pandemic than the market expects, and more stimulus is critical, BlackRock Inc (BLK.N) Chief Executive Larry Fink said on Wednesday. “There is a belief that we will have some form of anti-viral that reduces the […]
Coming next from the Fed: How much for Main Street?
By Howard Schneider WASHINGTON (Reuters) – The U.S. Federal Reserve responded fast to the coronavirus crisis with open-ended programs to keep financial markets running and ensure major companies could raise cash as they usually do through large capital markets. By forcing major parts of the economy to simply stop operating, however, the current crisis poses […]
Exclusive: Ryanair sees price war fuelling rapid air travel recovery
By Laurence Frost PARIS (Reuters) – Ryanair <RYA.I> is steeling for an airline price war that it expects to win once coronavirus restrictions are lifted and passengers flock back to tourist destinations, Chief Executive Michael O’Leary told Reuters on Wednesday. Brushing off forecasts of a sluggish recovery, O’Leary predicted a swift traffic rebound, with the […]