Fidelity Top Stories
Federal Reserve extends US dollar swap lines to nine more central banks
America's central bank moved rapidly to alleviate the impact from the scramble for US dollars as investors around the world sought out liquidity in the wake of the coronavirus pandemic, including to several of the largest emerging economies.
Bank of England cuts interest rates to 0.1%
The Bank of England has cut interest rates to 0. 1% - the lowest level in history - from 0. 25% as it looks to limit the economic fallout from the coronavirus pandemic.
US jobless claims leap as Covid-19 slams hospitality and transportation
First time unemployment claims in the US leaped last week as the Covid-19 coronavirus disrupted activity across the accommodation, food and transportation sectors.
EU Brexit negotiator Barnier tests positive for Covid-19
The European Union's chief Brexit negotiator Michel Barnier said he had tested positive for Covid-19, further throwing into doubt the timetable for trade talks with the UK.
Covid-19: IATA says $200bn could be needed to save airlines
The International Air Transport Association (IATA) said up to $200bn could be needed to save the industry globally and called for governments in Africa and the Middle East to provide emergency support for airlines hit by the Covid-19 crisis.
Elementis suspends divi to save cash in response to coronavirus
Specialist chemical company Elementis said it was suspending its final dividend to conserve cash in response to threats to demand from the coronavirus.
National Express sees small positive cashflow despite Covid-19
Bus operator National Express forecast a small positive cashflow in the coming months as demand for its services fell across the world due to the coronavirus.
ECB launches additional 750bn euro PEPP asset purchase programme
The European Central Bank launched a new emergency bond buying programme, vowing to do "as much as necessary and for as long as needed".