Congress Hits a Speed Bump on the Way to Spending Nearly $2 Trillion

As US cases of the coronavirus now double every two and a half days, more than 84 million Americans are spending a bleak Sunday night facing a week – and maybe months – ahead, either off the job or teleworking, separated from relatives and friends, seeing paralysing discord on Capitol Hill where the virus is […]
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Virus Outracing Efforts to Measure, Contain, Compensate

The furious governmental efforts at all levels to cope with the increasing spread of the coronavirus as a disease and as a crippler of the economy Friday did not seem to be keeping up with the steepening curve of infection. As more governors close down non-essential business in their states to keep individuals separated as […]
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Market Associations Stress the Importance of Keeping Markets Open

A group of financial market trade associations have issued a statement highlighting the importance of keeping US markets open. There have been suggestions in some quarters that the authorities may seek to curb the excess volatility of recent weeks by curtailing trading hours or even closing markets. The associations are; the Managed Funds Association, US […]
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Canada Plans CAD 82 billion in Pandemic Relief Package

Canada is promising $82 billion in financial relief to soften the blow of the pandemic crisis that is causing massive upheaval and uncertainty in this country and around the world. Prime Minister Justin Trudeau announced Wednesday that his government would provide up to $27 billion in direct support for Canadian workers and businesses impacted by […]
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‘War-Time’ President Takes Control of Factories

White House Watch: Congress in focus as virus aid measure proposals balloon, while ‘Depression’ becomes the new watchword as deterioration deepens. What seemed premature and too extreme one day turns into coronavirus response moves that appear to be too late the next day, and Congress grappled Wednesday with the challenge of keeping up with a […]
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Tips on How to Survive Working from Home

This is not a typical Profit & Loss article, but we thought it may come in useful as people transition to what will be a new normal for many for the foreseeable future. With the world in the clutches of Covid-19, and people around the world being told to stay home, millions of us are […]
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“August” Shocks, Now the Wait

White House Watch provides the latest on the ongoing crisis, the response of the US government, and the reaction of the markets. With mass testing finally getting under way in the United States, health officials are holding their breath, waiting to see if the virus spread points to an “Italy” outcome or a wave of […]
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Central Banks Enhance Liquidity Swap Lines

The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve, and the Swiss National Bank have announced a coordinated action to enhance the provision of liquidity via the standing US dollar liquidity swap line arrangements. These central banks have agreed to lower the pricing on the […]
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FMSB Publishes 2019 Annual Report

The FICC Markets Standards Board (FMSB) has issued its 2019 Annual Report setting out the progress made to enhance standards of behaviour in the wholesale fixed income, currencies and commodities (FICC) markets and its priorities for the year ahead. FMSB is a private sector, practitioner-led organisation whose membership collectively accounts for a substantial share of […]
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Refinitiv Launches Matching in Ghana

Refinitiv has extended its reach in Africa by launching its Matching for FX platform in Ghana for trading of the Ghanaian Cedi (GHS). Dr. Ernest Addison, governor of the Bank of Ghana, expressed the importance of this key milestone to the Ghanaian financial market and the broader West African community, by noting, “Ensuring that we […]
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