El Salvador Congress approves $250 million IDB loan

Economy7 hours ago (Aug 02, 2020 08:20PM ET) (C) Reuters. SAN SALVADOR (Reuters) – El Salvador’s Congress on Sunday approved a $250 million loan from the Inter-American Development Bank (IDB) aimed at tackling the coronavirus pandemic a day after the financing appeared to be in jeopardy due to political squabbling. The government and Congress failed […]

Australia Braces for Economic Hit as Melbourne Put Under Curfew

Stock Markets10 hours ago (Aug 02, 2020 05:27PM ET) (C) Reuters. Australia Braces for Economic Hit as Melbourne Put Under Curfew (Bloomberg) — Australia’s Treasurer Josh Frydenberg said the economy faces another significant hit after Victoria extended a lockdown across the whole state and placed its capital Melbourne under a nighttime curfew. Frydenberg said Treasury […]

Fed’s Kashkari suggests 4-6 week shutdown; says U.S. Congress can spend big on coronavirus relief

Coronavirus11 hours ago (Aug 02, 2020 04:35PM ET) (C) Reuters. Minneapolis Federal Reserve Bank President Neel Kashkari poses during an interview with Reuters in his office at the bank’s headquarters in Minneapolis WASHINGTON (Reuters) – The U.S. economy could benefit if the nation were to “lock down really hard” for four to six weeks, a […]

France to push for rights sanctions in EU recovery plan: minister to FT

Economy12 hours ago (Aug 02, 2020 03:50PM ET) (C) Reuters. Weekly cabinet meeting in Paris (Reuters) – France will push for financial sanctions under the EU’s 750 billion euro ($880 billion) coronavirus recovery fund against states that undermine fundamental human rights, its junior European affairs minister told the Financial Times newspaper https://on.ft.com/33iEmzj. “(We can’t tell) […]