Canada gains surprise 30,300 jobs in February, posts wider-than-expected trade deficit

Economy10 hours ago (Mar 06, 2020 09:29AM ET) (C) Reuters. The downtown skyline and CN Tower are seen past the eastern waterfront area of Toronto By Kelsey Johnson OTTAWA (Reuters) – Canada gained a higher-than-expected 30,300 net jobs in February…

Coronavirus infections rise above 100,000 worldwide as outbreak wreaks financial havoc

(C) Reuters. Community worker in protective suit disinfects a residential compound in Wuhan By Lawrence White and Dan Whitcomb LONDON/LOS ANGELES (Reuters) – The number of people infected with coronavirus across the world surpassed 100,000 on Friday as the outbreak…

Fed to cut rates again in March, but effectiveness challenged: Reuters poll

Economy10 hours ago (Mar 06, 2020 08:51AM ET) By Shrutee Sarkar (Reuters) – The Federal Reserve will cut U.S. interest rates by 25 basis points later this month but it is a close call, according to a Reuters poll of…

Traders bet Fed will make another, bigger rate cut in mid-March

Economy11 hours ago (Mar 06, 2020 08:27AM ET) Traders bet Fed will make another, bigger rate cut in mid-March (Reuters) – Traders of futures contracts tied to the Federal Reserve’s policy rate were betting Friday on another, even bigger reduction…

Fed’s Bullard calls for alternative model to deal with low inflation

Economy8 hours ago (Mar 06, 2020 11:31AM ET) WASHINGTON (Reuters) – The U.S. Federal Reserve should consider using an economic model in which private credit markets play an important role in reallocating uneven income across lifetimes so that people can…

Back to ’80s: Virus hacks into recent euro zone bank rally

Economy8 hours ago (Mar 06, 2020 11:26AM ET) By Thyagaraju Adinarayan LONDON (Reuters) – A meltdown in Europe’s banking shares? A quarter of their value has been wiped off in less than a month as rising coronavirus cases in Europe…

Mexico readies fiscal stimulus to temper coronavirus impact-official

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Fed’s Evans says central bank should support workers who lose pay if coronavirus worsens

Economy8 hours ago (Mar 06, 2020 11:36AM ET) (Reuters) – Federal Reserve officials said they will consider various scenarios when they gather at their March policy meeting and that the most effective response will be one that supports workers who…

Fed’s Kaplan: New infections key factor for rate decision

Economy12 hours ago (Mar 05, 2020 06:36PM ET) (C) Reuters. FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan speaks during an interview in his office at the bank’s headquarters in Dallas (Reuters) – Dallas Federal Reserve President Robert Kaplan…

Coronavirus test kits flown to cruise ship idled off San Francisco

Economy13 hours ago (Mar 05, 2020 06:06PM ET) By Steve Gorman (Reuters) – Coronavirus test kits were delivered at sea on Thursday to an ocean liner barred from returning to port in San Francisco after at least 35 people developed…

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