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UK lockdown all set to pass despite Tory revolt

Bloomberg Boris Johnson was set to push fresh coronavirus lockdown rules through the UK Parliament on Wednesday, facing down rebels in his own Conservative Party who reject the erosion of civil liberties they entail. The regulations were due to take effect from Wednesday, enforcing the closing of gyms and non-essential shops in England, and restricting social contact between households. The ...

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RBA slashes rates, announces $700bn bond-buying program

Bloomberg Australia’s central bank cut interest rates and announced purchases of longer-dated bonds to complement its yield curve control program for shorter-length maturities as it seeks to drive a rapid economic recovery. The Reserve Bank of Australia lowered its key interest rate, yield-curve target and bank lending facility rate to 0.10% from 0.25%, as forecast by an overwhelming majority of ...

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Banks seen raising their German assets by $462bn on Brexit

Bloomberg Germany will take the lion’s share of the assets that lenders are moving out of the UK as a consequence of the Brexit, according to the Bundesbank. Non-German lenders are in the process of moving an additional 397 billion euros ($462 billion) of holdings to the country, taking their combined balance sheet there to 675 billion euros at the ...

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