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BACK in October of 2019, the US Fed began buying $60bil of Treasury bills per month, causing a substantial increase in not only its balance sheet but also the overall global money supply.
LONDON: The British pound soared to multi-year highs on Thursday as Prime Minister Boris Johnson's Conservative Party looked set for a big parliamentary majority that markets believe means an orderly exit from the European Union.
Moscow: Russia has ditched plans to set greenhouse-gas emissions targets for companies as a sign of its commitment to fighting climate change, following lobbying from big businesses that risked fines if they didn’t comply.
TOKYO: A rally in global shares stalled, with Asian markets stuck in tight ranges early on Wednesday, as the prospect of a rate cut by the Federal Reserve was countered by worries a Sino-U.S. first-stage trade deal could be delayed.
LONDON: Britain will hold its first December election in almost a century after Prime Minister Boris Johnson won approval from parliament on Tuesday for an early ballot aimed at breaking the Brexit deadlock.
LONDON: The European Union agreed to a Brexit delay of up to three months on Monday, as Prime Minister Boris Johnson said he would push on with his bid to end Britain's political paralysis with an election on Dec. 12.
NEW YORK: U.S. stocks ended lower on Tuesday, giving up early gains after British lawmakers rejected the government's proposed timetable for passing legislation to ratify its deal to exit the European Union.
Southfield: General Motors Co (GM) and the United Auto Workers (UAW) moved closer to a deal that would end the strike that’s divided them for almost three weeks.
KUALA LUMPUR: Malaysian ruling party leader Datuk Seri Anwar Ibrahim, who’s widely expected to be the country’s next prime minister, said his succession should happen by 2020.
WASHINGTON: Federal Reserve officials viewed their interest-rate cut last month as insurance against headwinds from the trade war and low inflation – reasons that look even sharper as they move toward their meeting in September.