Markets

The world’s major central banks bought $1.4 trillion of assets in March — 5 times the last record set after the financial crisis

G-7 central banks bought nearly $US1.4 trillion of financial assets in March, Bloomberg reported Tuesday, roughly five times the last monthly record notched in April 2009. The Federal Reserve led the group with $US1.1 trillion in purchases. Central banks of Canada, New Zealand, and Australia started their first quantitative easing […]
The world’s major central banks bought $1.4 trillion of assets in March — 5 times the last record set after the financial crisis
Markets

The Fed just issued an emergency rate cut for the first time since the financial crisis — and it’s a signal of just how desperate the US economic situation has gotten amid coronavirus

The Federal Reserve lowered interest rates by 50 basis points on Tuesday to boost the economy amid coronavirus panic. It’s the first emergency rate cut and the largest one-time cut since the financial crisis. The action shows just how big a threat the coronavirus outbreak is to the US economy. […]
The Fed just issued an emergency rate cut for the first time since the financial crisis — and it’s a signal of just how desperate the US economic situation has gotten amid coronavirus
News

Brazil’s climate change sceptic government says warnings about the fires consuming the Amazon are ‘sensationalist,’ ‘hysterical,’ and ‘misleading’

Brazil’s government is calling warnings about the record fires in the Amazon “sensationalist,” and claiming the fires are not an international problem. Brazil’s government has ministers that reject climate change, and its president, Jair Bolsonaro, has advocated using the rainforest for industrial activity. The equivalent of three football pitches worth […]
Brazil’s climate change sceptic government says warnings about the fires consuming the Amazon are ‘sensationalist,’ ‘hysterical,’ and ‘misleading’