Shuttered steelworks becomes crucible for Johnson’s ‘leveling-up’ plan

By David Milliken MIDDLESBROUGH, England (Reuters) – Looming over the skyline of Teesside in northeast England stands the rusting hulk of what used to be Europe’s largest blast furnace, which shut in 2015 with the loss of more than 2,200…

Scarred by unrest, Haiti sinks deeper into poverty

(C) Reuters. Elie Jean, director of the North West dairy, poses for a picture at the dairy’s instalations, on the outskirts of Jean Rabel By Sarah Marsh and Andre Paultre PORT-DE-PAIX, Haiti (Reuters) – Jacquelin Joseph is struggling to re-open…

Virus Pushes the Global Economy Closer to a Contraction

Economy7 hours ago (Mar 02, 2020 07:36AM ET) 3/3 2/3 (Bloomberg) — Global economic growth will sink to levels not seen in over a decade as the coronavirus outbreak hammers demand and supply, challenging central banks and governments to respond…

Central Banks Pledge to Ensure Stability as OECD Sounds Alarm

(Bloomberg) — Global central banks promised to act as needed to stabilize markets rattled by the coronavirus as the OECD warned the world economy faces its “greatest danger” since the financial crisis more than a decade ago. In an emergency…

Virus Exposes Globalization’s Soft Underbelly

Economy8 hours ago (Mar 02, 2020 06:34AM ET) 2/2 2/2 (Bloomberg) — As the coronavirus ricochets around the world, the impact extends way beyond the health implications of an epidemic that has already killed 3,000 people. The prospect of coordinated…

Coronavirus hits global factories, policy easing prospects rise

(C) Reuters. FILE PHOTO: A worker wearing a face mask is seen during a government-organized tour of the Mengniu Dairy factory in Beijing as the country is hit by an outbreak of the novel coronavirus By Jonathan Cable and Leika…

Global growth plunging into downturn over coronavirus, OECD says

Economy8 hours ago (Mar 02, 2020 05:41AM ET) (C) Reuters. A restaurant promoter waits for customers at the largely empty Chinatown as tourism takes a decline due to the coronavirus outbreak in Singapore By Leigh Thomas PARIS (Reuters) – The…

Argentina government hires Lazard, HSBC and Bank of America to broker debt restructuring

Economy6 hours ago (Mar 01, 2020 07:26PM ET) Argentina government hires Lazard, HSBC and Bank of America to broker debt restructuring SANTIAGO (Reuters) – Argentina’s government said on Sunday it had hired Lazard as financial advisor and Bank of America…

Implied yield on U.S. 10-Year treasury futures trading below 1% for first time

Economy6 hours ago (Mar 01, 2020 07:07PM ET) NEW YORK (Reuters) – The implied yield on U.S. 10-Year Treasury futures traded below 1% for the first time, as investors grew increasingly unnerved by the spread of coronavirus. Treasury futures jumped…

Goldman Sachs sees Fed cutting soon, perhaps before March 17-18 meeting

Economy6 hours ago (Mar 01, 2020 07:02PM ET) (C) Reuters. Federal Reserve Board building on Constitution Avenue is pictured in Washington (Reuters) – Goldman Sachs (NYSE:GS) economists on Sunday predicted the U.S. Federal Reserve will cut interest rates aggressively perhaps…

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