FRANKFURT, Germany—The European Central Bank decided Thursday to avoid an abrupt end to its pandemic crisis support for the economy as the new omicron variant of COVID-19 stirs uncertainty about the recovery, despite inflation hitting record highs and the U.S. speeding up its stimulus exit. The cautious approach comes as the 19 European Union member…
European Central Bank to Taper Pandemic Stimulus, but Gently
December 16, 2021
admin
Business & EconomyBusinesses in COVID-19CompaniesECBeconomic policieseconomyEuropeinflationlagardeMarketspandemicstimulusWorld
0 Comment
World Shares Advance After Fed Steps Up Stimulus Pullback
December 16, 2021
admin
Asia & PacificAustraliaBusiness & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & EconomyChina Human RightsChinese RegimeCompanieseconomic policieseconomyEuropeExecutive BranchFedGold & CommoditiesHK BusinessHong KongIndiainflationInternationalInvestmentLocal NewsMarket WatchMarketsMedia & Big TechMiddle EastNew YorkNY NewsPoliticspullbackRegional-Local NewsSharesstimulustechnologyTexasUKUSUS NewsUS-China relationsWorld
0 Comment
Asia & PacificAustraliaBusiness & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & EconomyChina Human RightsChinese RegimeCompanieseconomic policiesEconomyEuropeExecutive BranchFedGold & CommoditiesHK BusinessHong KongIndiainflationInternationalInvestmentLocal NewsMarket WatchMarketsMedia & Big TechMiddle EastNew YorkNY NewsPoliticspullbackRegional-Local NewsSharesstimulustechnologyTexasUKUSUS NewsUS-China relationsWorld
Stocks have climbed in Europe and Asia, tracking Wall Street’s gains, after the Federal Reserve said it would accelerate its pullback of economic stimulus. Shares surged in Paris, Frankfurt, London, and Tokyo. New York futures and oil prices also advanced. The Fed said it would likely raise interest rates three times next year to tackle…
China Cuts Banks’ Reserve Requirements in Bid to Stimulate Slowing Economy
December 6, 2021
admin
Business & EconomyChinaChina Business & EconomyChina central bankeconomyreserve requirement ratiostimulusWorld
0 Comment
China’s central bank has announced it will cut the amount of cash that banks must hold in reserve, unlocking $188 billion in long-term liquidity to shore up slowing economic growth. The People’s Bank of China (PBOC) said on its website on Dec. 6 that it would lower the reserve requirement ratio (RRR) for banks by 0.5…
Santa Ana to Give Pre-Paid Cards to 20,000 Households
November 18, 2021
admin
ArchivedLocal NewsNewspovertyRegional NewsRegional-Local NewsSanta AnaSouthern CaliforniastimulusUSvisa
0 Comment
SANTA ANA, Calif.—Twenty-thousand of Santa Ana’s most poverty-ridden households will be receiving a $300 prepaid Visa card as part of the city’s new Revive Santa Ana Stimulus Program. The city council unanimously voted Nov. 16 to spend $6 million of their $128.3 million in American Rescue Plan Funding to buy and distribute the cards in…
Japan Looking to Beef Up Chip, Storage Battery Sectors as Part of Stimulus Plan
November 15, 2021
admin
Asia & PacificbatteryBusiness & EconomyBusinesses in COVID-19chipCompanieseconomic policiesEconomiesJapanplanstimulusstorageTechTech NewsWorld
0 Comment
TOKYO—Japan’s economic stimulus package will feature a plan to urgently strengthen the chip industry while the government will also formulate a strategy for storage batteries, trade minister Koichi Hagiuda said on Monday. Hagiuda unveiled the plan days before Prime Minister Fumio Kishida is set to announce a stimulus package worth “several tens of trillion yen”…
Record High Stocks Brace for Fed Stimulus Cut
November 3, 2021
admin
Asia & PacificAustraliaBusiness & EconomyCompaniescutEconomieseconomyEuropeFedHighInternationalInvestmentLocal NewsMarket WatchMarketsMiddle EastNew YorkRegional-Local NewsstimulusstocksTexasUKUSUS NewsWorld
0 Comment
LONDON—Global stock markets traded at fresh record-high levels on Wednesday while the dollar and U.S. Treasury yields ticked down as investors braced for the world’s largest economy to start cutting pandemic-era monetary stimulus. The U.S. Federal Reserve is expected to announce the tapering of its $120 billion-a-month asset purchase programme in its policy statement at…
ECB Holds Policy Unchanged, Keeping Stimulus Taps Wide Open
FRANKFURT—The European Central Bank left policy unchanged on Thursday as widely expected, holding fire before a set of crucial decisions in December on ending pandemic emergency stimulus and returning policy to a more normal setting. Confirming its policy stance, the ECB will continue to buy bonds at a “moderately lower” pace this quarter than in…
Japan Panel to Propose Stimulus Package Blueprint in Early November
October 26, 2021
admin
Asia & PacificblueprintBusiness & EconomyDaishiro YamagiwaEconomiesfumio kishidaJapannovemberpackagestimulusWorld
0 Comment
TOKYO—A panel led by Japanese Prime Minister Fumio Kishida will compile a proposal in early November for a stimulus package aimed at cushioning the economic impact of the coronavirus pandemic, the economy minister said on Tuesday. The proposal will also include a roadmap of long-term policy priorities such as building more robust supply chains, promoting…
Japan Ruling Party Executive Calls for $290 Billion Stimulus Package
TOKYO—Japan must compile an economic stimulus package worth at least 32-33 trillion yen ($282-$290 billion) to cushion the impact of the coronavirus pandemic, a senior ruling party official close to Prime Minister Fumio Kishida said on Thursday. Such large-scale spending would be needed to fill Japan’s output gap and achieve the central bank’s 2 percent…
Inflation Levels in France Hit a Near 10-year High Driven by Soaring Service and Energy Costs
Inflation levels in France hit a nearly 10-year high in September, according to preliminary data published by the INSEE statistics agency on Sept. 30. French inflation rose 2.7 percent, up from 1.9 percent in August; slightly less than the expected average forecast of 2.8 percent in a Reuters poll of 24 economists’ expectations but still its highest rate since December 2011. INSEE said…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`