Bloomberg The world economy may be heading for its worst performance since the financial crisis more than a decade ago as the spread of the coronavirus increasingly dashes hopes of a swift rebound. Just weeks since most economists bet the China-led slump would quickly reverse once the virus was contained, many are rethinking that optimism as swathes of Chinese factories ...

Bloomberg President Donald Trump said it was “about time” the Federal Reserve acted like a “leader” and lowered interest rates, whether such a move was related to the coronavirus-driven stock market plunge or not. “If you look at the Fed, it has a massive impact, lots of it is psychological and lots of it is fact,” Trump said at a ...

Bloomberg India’s central bank may follow up on its generous funding offer to banks with another unconventional measure as it seeks to boost lending to the real economy. The authority may unveil another European Central Bank-(ECB) styled facility called Targeted Longer-Term Refinancing Operations to expand credit to businesses and households, after concluding an ongoing program to lend $14 billion at ...