Industry News

Buying More Bonds; Boris to Brussels; Iron-Ore Irony: Eco Day

Update time : 2020-12-09 17:30:53

Global central banks are embarking on fresh waves of bond-buying to fight the fallout from the pandemic, despite mounting claims that the policy is losing its power to boost the economy
The U.K. said it will drop the tariffs that the EU had imposed on $4 billion of U.S. goods, part of the long-running dispute over illegal aid to aircraft manufacturers Boeing Co. and Airbus SE
Boris Johnson travels to Brussels for dinner with Ursula von der Leyen on Wednesday as both sides seek to save Brexit trade negotiations
U.S. Treasury Secretary Steven Mnuchin presented a new $916 billion Covid-19 relief proposal to House Speaker Nancy Pelosi, the Trump administration’s the first move since Election Day to break a months-long standoff
Hungary and Poland voiced optimism that a deal to unblock the European Union’s $2.2 trillion budget and stimulus plan is within reach, even as they reiterated demands that the bloc has already rejected
China-Australia relations may be stuck in a morass of sanctions and recriminations, but Beijing is delivering a huge cash windfall to Canberra through its insatiable demand for iron ore
Hong Kong Chief Executive Carrie Lam said Beijing’s sweeping crackdown in the city she oversees has strengthened law and order and improved its business environment
The Bank of Canada is expected to keep extremely accommodative policy intact Wednesday, with an outside chance it will do even more to support the recovery
China’s consumer prices fell for the first time in more than a decade dragged down by a slump in pork prices, but economists say the central bank is unlikely to be distracted from its focus on bringing debt under control
Yields on benchmark Portuguese bonds fell below 0% for the first time, a dramatic turnaround from the euro-area crisis a decade ago
Bahrain could extend support measures to help businesses cope with the pandemic after deploying the Gulf region’s biggest stimulus relative to economic output

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