WASHINGTON (Reuters) – The World Bank slashed its outlook for oil and metals prices on Thursday due to the economic fallout of the coronavirus pandemic and said the commodity market shock could hit developing countries hardest. Crude oil prices are expected to average $35 a barrel this year, down 43% from the average in 2019, […]
By Pete Schroeder and Michelle Price WASHINGTON (Reuters) – The U.S. Federal Reserve is talking with lenders about potentially going easy on them if they deplete their liquidity reserves while trying to support customers hurt by coronavirus disruption, according to three people with knowledge of the discussions. The European Central Bank this week urged lenders […]
By Marton Dunai BUDAPEST (Reuters) – Hungary is preparing to announce a roughly $30 billion package of measures to help jump-start the economy, a top government official said on Saturday, as the coronavirus outbreak shutters factories and raises the specter of recession. Parliament, where the ruling Fidesz party has a strong majority, has granted Prime […]
