The Fed joined forces with other major central banks to guarantee the global financial system has enough cash to continue to operate. Now, the benchmark USA interest rate ranges from 0% to 0.25% as compared to the 1.0% to 1.25% range it has hovered around for the last several years.
Industrial output fell by a a lot larger-than-expected 13.5% in January-February from the identical interval a yr earlier, knowledge from the Nationwide Bureau of Statistics (NBS) confirmed on Monday. Industrial production, a gauge of manufacturing, mining and utilities activity, dropped 13.5 per cent in January and February compared with the same period previous year, according to data released on Monday.
Cruise ships arriving from foreign ports will be banned from docking in Australia for an initial 30 days, with that period extended on a rolling basis. The PM flagged that "there will be more changes in the future" as Australia responds to the coronavirus outbreak. "Slowing the spread will free up beds", he said.
According to Kelly Craighead, President and CIO of CLIA, "member are voluntarily and temporarily suspending operation from the U.S.as we work to address this public health crisis". Refund options: If you were set to be on a cruise of six days or longer, you can get a full refund or a 100% credit toward a future cruise plus $600 on board credit per state room if you book your next cruise by December 31, 2020 for departure before December 31, 2022.
Earlier in the day, the pair had spoken to reporters about the coronavirus outbreak . Mr Trump's daughter, Ivanka Trump and her husband, Jared Kushner, both presidential aides were also at the dinner on Saturday. The far-right leader's test results are expected Friday, Brazilian media reports said. Brazil's Health Ministry confirmed 60 cases of the virus in the country as of Thursday, it said on Twitter.
The key oil producers will need to be extremely resilient in the next few months, with no talks scheduled and no OPEC meeting in place until June. Saudi Arabia and the United Arab Emirates have both decided it's time to increase their capacity.