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India stocks rebound after worst day as volatility hits record

Bloomberg Indian stocks rebounded in a volatile session, following a record fall on March 23 triggered by a nationwide lockdown. The S&P BSE Sensex Index closed up 2.7% at 26,674.03, after advancing as much as 5.7%, with the NSE Nifty 50 Index rising 2.5% for the day. Finance minister Nirmala Sitharaman’s speech in the last hour of trading failed to ...

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BOE’s $231b of QE to come quicker than advertised

Bloomberg The Bank of England’s (BOE) new 200 billion pounds ($231 billion) of bond purchases has the potential to hit the market at a faster pace than currently advertised. With rates near zero already, increasing the speed of purchases is one lever policy makers could pull if they want to boost the impact of the current package of measures, without ...

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Japanese banks tap Fed for over $150b in just one week

Bloomberg Japanese banks took almost $90 billion of cheap-dollar funding through the Federal Reserve’s enlarged swap lines on Tuesday, with total borrowings surpassing the record seen during the global financial crisis. Including earlier operations on March 17 and 23, the lenders have gobbled up more than $150 billion of dollars, exceeding the amount seen in other nations with the revamped ...

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