Economic stimulus

A currency trader wearing a face mask watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Thursday, March 12, 2020. Asian shares plunged Thursday after the World Health Organization declared a coronavirus pandemic and indexes sank on Wall Street. (AP Photo/Ahn Young-joon)
March 12, 2020 - 9:07 am
NEW YORK (AP) — The Latest on the action in the financial markets (all times local): 9:10 a.m. The European Central Bank is deploying new stimulus measures to cushion the economic pain inflicted by the virus outbreak. The central bank decided Thursday to buy up 120 billion euros more in bonds,...
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The buildings of the banking district are photographed through raindrops on a window in Frankfurt, Germany, Tuesday, March 10, 2020. (AP Photo/Michael Probst)
March 12, 2020 - 8:54 am
FRANKFURT, Germany (AP) — The European Central Bank is deploying new stimulus measures to cushion the economic pain inflicted by the virus outbreak. The central bank decided Thursday to buy up 120 billion euros more in bonds, money that is newly created and injected into the financial system. Some...
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The buildings of the banking district are photographed through raindrops on a window in Frankfurt, Germany, Tuesday, March 10, 2020. (AP Photo/Michael Probst)
March 12, 2020 - 6:03 am
FRANKFURT, Germany (AP) — The European Central Bank is expected to announce new measures to cushion the economy against the disruption from the virus outbreak when its top officials meet Thursday. The central bank for the 19 countries that use the euro could lower a key interest rate farther below...
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FILE - In this Feb. 23, 2020, file photo, Australian Prime Minister Scott Morrison speaks in Sydney, at a state memorial service for the victims of recent wildfires. The Australian government on Wednesday, March 11, 2020, announced a $2.4 billion (US $1.6 billion) package to help tackle the virus outbreak that has infected nearly 120,000 people worldwide, rocked financial markets and disrupted travel.(Peter Parks/Pool Photo via AP, File)
March 12, 2020 - 2:56 am
PERTH, Australia (AP) — Australia on Thursday put forward a $17.6 billion (US $11.4 billion) stimulus package meant to stave off a recession due to the impact of the virus outbreak on its economy. The package includes cash payments for small businesses and welfare recipients to counter the impact...
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President Donald Trump speaks during a meeting with banking industry executives about the coronavirus, at the White House, Wednesday, March 11, 2020, in Washington. (AP Photo/Evan Vucci)
March 11, 2020 - 4:24 pm
WASHINGTON (AP) — Congress is quickly unveiling a coronavirus aid package while President Donald Trump is considering a national disaster declaration and new travel advisories as Washington raced Wednesday to confront the outbreak that's moving dramatically across the country and disrupting the...
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Senate Minority Leader Chuck Schumer, D-N.Y., left, and Speaker of the House Nancy Pelosi, D-Calif., call on Senate Majority Leader Mitch McConnell, R-Ky., to bring the Democrats' HR-1 "For the People Act" to the floor for a vote, during an event on Capitol Hill in Washington, Tuesday, March 10, 2020. (AP Photo/J. Scott Applewhite)
March 11, 2020 - 3:46 pm
WASHINGTON (AP) — Congress is quickly unveiling a coronavirus aid package while President Donald Trump is considering a national disaster declaration and new travel advisories as Washington raced Wednesday to confront the outbreak that's moving dramatically across the country and disrupting the...
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Senate Minority Leader Chuck Schumer, D-N.Y., left, and Speaker of the House Nancy Pelosi, D-Calif., call on Senate Majority Leader Mitch McConnell, R-Ky., to bring the Democrats' HR-1 "For the People Act" to the floor for a vote, during an event on Capitol Hill in Washington, Tuesday, March 10, 2020. (AP Photo/J. Scott Applewhite)
March 11, 2020 - 3:35 pm
WASHINGTON (AP) — Congress is quickly unveiling a coronavirus aid package while President Donald Trump is considering a national disaster declaration for the U.S. as Washington raced Wednesday to confront the outbreak that's moving dramatically across the country and disrupting the daily lives of...
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Senate Minority Leader Chuck Schumer, D-N.Y., left, and Speaker of the House Nancy Pelosi, D-Calif., call on Senate Majority Leader Mitch McConnell, R-Ky., to bring the Democrats' HR-1 "For the People Act" to the floor for a vote, during an event on Capitol Hill in Washington, Tuesday, March 10, 2020. (AP Photo/J. Scott Applewhite)
March 11, 2020 - 2:07 pm
WASHINGTON (AP) — Speaker Nancy Pelosi is moving swiftly toward House passage of a coronavirus aid package possibly this week as Congress rebuffs President Donald Trump's proposed payroll tax break and focuses on immediate sick pay, unemployment benefits and other resources for America's workers...
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FILE - In this Monday, March 9, 2020 file photo, people stop to look at the New York Stock Exchange. Stocks are opening sharply lower on Wall Street Wednesday as fears of economic fallout from the coronavirus outbreak grip markets again. (AP Photo/Mark Lennihan, File)
March 11, 2020 - 9:59 am
NEW YORK (AP) — Stocks are sinking again Wednesday, wiping out more than half of a huge rally from a day earlier as Wall Street continues to be hit by wild swings. Another big central bank made an emergency cut to interest rates in hopes of blunting the economic pain caused by the coronavirus,...
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A man wearing a protective face mask walks by statues of bulls on display outside a bank in Beijing, Tuesday, March 10, 2020. Asian stock markets took a breather from recent steep declines on Tuesday, with several regional benchmarks gaining more than 1% after New York futures reversed on news that President Donald Trump plans to ask Congress for a tax cut and other quick measures to ease the pain of the virus outbreak. (AP Photo/Andy Wong)
March 11, 2020 - 9:38 am
NEW YORK (AP) — THIS IS A BREAKING NEWS UPDATE. AP's earlier story follows below: European stock markets edged up Wednesday after Asian shares mostly declined, as governments were ramping up aid for economies reeling from the virus outbreak. France's CAC 40 gained 0.8% to 4,673, while Germany's DAX...
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