Central banking

FILE - This Dec. 24, 2018, file photo shows the Federal Reserve building during a partial government shutdown in Washington. The Federal Reserve said Thursday, April 23, 2020, that it will provide monthly reports on several of its economic rescue programs supported by the $2 trillion rescue program passed by Congress. (AP Photo/Manuel Balce Ceneta, File)
1010 WINS Newsroom
May 04, 2020 - 4:03 pm
WASHINGTON (AP) — With the U.S. economy sinking into a severe recession, the Federal Reserve is set to launch a high-risk program through which it will lend money to small and medium-sized companies outside the banking industry for the first time since the Great Depression. More than the eight...
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A man walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Friday, May 1, 2020. Shares have dropped in Asia after Wall Street ended its best month in 33 years with losses on fresh news of economic carnage from the coronavirus pandemic. (AP Photo/Eugene Hoshiko)
1010 WINS Newsroom
April 30, 2020 - 11:35 pm
Shares fell in Asia on Friday after a crush of dismal data about the economy helped send markets lower overnight in a meek ending to a historic, juggernaut month for stocks. Most regional markets were closed for May Day holidays. But Japan's Nikkei 225 index slipped 2.3% to 19,730.41 while the S...
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In this Wednesday, April 29, 2020 photo a man walks in front of the European Central Bank in Frankfurt, Germany. The European economy shrank by 3.8% in the first quarter, the most since records began, as business activity was frozen by shutdowns aimed at preventing the spread of the coronavirus. It was the biggest drop since statistics started in 1995 and bigger than the plunge in the midst of the global financial crisis in the first quarter of 2009 after the bankruptcy of U.S. investment bank Lehman Brothers. (AP Photo/Michael Probst)
1010 WINS Newsroom
April 30, 2020 - 8:29 am
FRANKFURT, Germany (AP) — The European Central Bank is stepping up its measures to cushion the economy against a record downturn caused by the lockdowns on business due to the virus outbreak, offering large helpings of cheap credit to banks in hopes it will be passed on to struggling businesses...
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FILE - In this March 3, 2020 file photo, Federal Reserve Chair Jerome Powell speaks during a news conference to discuss an announcement from the Federal Open Market Committee, in Washington. The Federal Reserve said Friday, April 24, it had $85.8 billion in loans outstanding last week in three of the programs it rolled out last month to protect the economy during the coronavirus pandemic.   (AP Photo/Jacquelyn Martin, File)
1010 WINS Newsroom
April 29, 2020 - 6:05 pm
WASHINGTON (AP) — The Federal Reserve signaled Wednesday that it will keep its key short-term interest rate near zero for the foreseeable future as part of its extraordinary efforts to bolster an economy that is sinking into its worst crisis since the 1930s. Chairman Jerome Powell noted the gravity...
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FILE - In this Feb. 27, 2020, file photo, a woman walks past an electronic board showing Hong Kong share index outside a local bank in Hong Kong. Asian shares are mixed Tuesday, April 28, as governments inch toward letting businesses reopen and central banks step in to provide cash to economies. (AP Photo/Kin Cheung, File)
1010 WINS Newsroom
April 27, 2020 - 11:11 pm
TOKYO (AP) — Asian shares are mixed Tuesday as governments inch toward letting businesses reopen and central banks step in to provide cash to economies. Japan's benchmark Nikkei 225 lost earlier gains, dipping 0.4% to 19,706.19. South Korea's Kospi stood virtually unchanged, inching down less than...
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FILE - In this March 16, 2020, file photo, Bank of Japan Gov. Haruhiko Kuroda speaks during a news conference in Tokyo. Japan’s central bank on Monday, April 27, 2020, announced it is making it easier for cash-strapped companies to get funding in response to the growing economic damage from the coronavirus pandemic. (AP Photo/Eugene Hoshiko, File)
1010 WINS Newsroom
April 27, 2020 - 12:22 am
TOKYO (AP) — Japan’s central bank is making it easier for cash-strapped companies to get funding in response to the growing economic devastation from the coronavirus pandemic. The Bank of Japan decided at a meeting Monday to ease monetary policy, including expanding the purchase of commercial...
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FILE - In this March 16, 2020, filer photo, Bank of Japan Gov. Haruhiko Kuroda speaks during a news conference in Tokyo. Japan’s central bank on Monday, April 27, 2020, announced it is making it easier for cash-strapped companies to get funding in response to the growing economic damage from the coronavirus pandemic. (AP Photo/Eugene Hoshiko, File)
1010 WINS Newsroom
April 27, 2020 - 12:19 am
BEIJING (AP) — Asian stock markets gained Monday after Japan's central bank promised more asset purchases to shore up financial markets as investors look to central bankers to support the struggling global economy. Tokyo's benchmark surged 2.4% and Shanghai, Hong Kong and Sydney also gained...
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Patrolman Elliot Landrau keeps watch at the West Side Market, Friday, April 10, 2020, in Cleveland. There were fewer shoppers this year before the Easter holiday than in previous years due to the coronavirus. (AP Photo/Tony Dejak)
1010 WINS Newsroom
April 10, 2020 - 4:23 pm
The outbreak of the coronavirus has dealt a shock to the global economy with unprecedented speed. Following are developments Friday related to the global economy, the work place and the spread of the virus. ________________________ CONSUMER DURESS: The consumer drives about 70% of all economic...
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In this photo taken from video provided by the New York Stock Exchange, Chief Security Officer Kevin Fitzgibbons rings the opening bell at the NYSE, while recognizing Randy Timmons in Albany, Ga., and thousands of employees of the Proctor & Gamble Company, Thursday, April 9, 2020. (New York Stock Exchange via AP)
1010 WINS Newsroom
April 09, 2020 - 4:34 pm
NEW YORK (AP) — Wall Street closed out its best week in 45 years on Thursday after the Federal Reserve launched its latest titanic effort to support the economy through the coronavirus outbreak. The central bank announced programs to provide up to $2.3 trillion in loans to households, local...
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FILE - In this March 25, 2020 file photo, a closed sign hangs in the window of a shop in Portsmouth, N.H., due to caronavirus concerns. The Federal Reserve is taking additional steps to provide up to $2.3 trillion in loans to suport American households and businesses as well as local governments as they deal with the coronavirus. The Fed said Thursday, April 9, among the actions it is taking is the activation of a Main Street Lending Program that was authorized by the $2.3 trillion economic relief bill pass by Congress last month. (AP Photo/Charles Krupa, File)
1010 WINS Newsroom
April 09, 2020 - 3:05 pm
WASHINGTON (AP) — The Federal Reserve unleashed a new series of moves Thursday to try to make loans available to states, localities and companies that have been hard hit by the coronavirus. In doing so, the Fed will pump an additional $2.3 trillion into the U.S. economy. The central bank, in part,...
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