China: March loans surge to 2.85 trillion Yuan
BEIJING – New bank lending in China rose sharply to 2.85 trillion yuan ($405 billion) in March, with total social financing hitting a record, as the central bank pumped in more liquidity and cut funding costs to support the coronavirus-ravaged … Continue reading China: March loans surge to 2.85 trillion Yuan
Getting ahead of the next stage of the coronavirus
New York – The COVID-19 pandemic is spreading at an extraordinary speed. You have put a crisis team in place and are doing all you can to keep your people safe, stay on top of your business, and deal with the … Continue reading Getting ahead of the next stage of the coronavirus
Coronavirus is reshaping the global economy
New York – It is now clear that COVID-19 has presented the global economy with an unprecedented challenge. In the United States and Europe, efforts to control the virus through lockdowns are likely to lead to the largest decline in economic … Continue reading Coronavirus is reshaping the global economy
China frees up $56 billion for virus-hit economy
BEIJING – China’s central bank said on Friday it was cutting the amount of cash that small banks must hold as reserves, releasing around 400 billion yuan ($56.38 billion) in liquidity to shore up the economy, which has been badly … Continue reading China frees up $56 billion for virus-hit economy
Germany Announces 2 Billion Euro Startup “Booster”
Berlin – The German government is preparing a massive cash injection to help innovative young companies ride out economic difficulties. The government is supplementing its existing uncapped aid for businesses to survive the ongoing coronavirus crisis with two billion euros … Continue reading Germany Announces 2 Billion Euro Startup “Booster”