Italian govt borrowing costs set for biggest weekly jump since 1994

LONDON, March 13 (Reuters) – Italy’s 10-year government bond yield has soared 74 basis points this week and on Friday was set for its biggest weekly jump since 1994, according to Refinitiv data. A comment by ECB President Christine Lagarde on Thursday that the central bank was not there to “close spreads” hit peripheral government bond markets hard, especially Italy’s, […]

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Coronavirus: Hamilton-area universities cancel events, encourage staff to stay in Canada

McMaster University has cancelled all non-core events at the school and is asking employees to avoid travelling outside of Canada due to the spread of COVID-19, the illness caused by the novel coronavirus. On Thursday, the Ontario government ordered all publicly-funded schools to shut down for two weeks after March Break based on advice from the province’s chief medical officer. […]

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UPDATE 1-Cash-strapped Lebanese banks asked to prioritise FX for coronavirus supplies -statement

(Adds total coronavirus cases, quote, bank closures, context) BEIRUT, March 13 (Reuters) – Lebanon’s central bank governor has asked the country’s cash-strapped banks to prioritise foreign currency for the import of medical supplies needed to combat coronavirus, according to a central bank statement on Friday. Lebanon is grappling with an acute hard currency crunch that has led commercial banks to […]

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UK plan for coronavirus based on scientific advice: PM's spokesman

LONDON (Reuters) – Britain’s plan for dealing with coronavirus is based on scientific and medical advice and it is up to individual companies to choose to take other steps, a spokesman for Prime Minister Boris Johnson said on Friday. The spokesman also said that Britain’s foreign ministry was looking continuously at its travel advice. Source: Read Full Article

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UPDATE 1-Dollar funding pressures ease as central banks inject liquidity

(Adds quotes, graphic, details) By Saikat Chatterjee LONDON, March 13 (Reuters) – Demand for dollars via currency derivative markets eased on Friday, a sign that the coronavirus-induced economic stress unleashed on financial markets this week may be starting to stabilise. In a week of mayhem, investors dumped risky assets across the board and fled to safe-haven assets, including U.S. dollars. […]

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World stocks rise on spending hopes, still set for worst week since 2008

LONDON (Reuters) – World stocks bounced off their lows on Friday on hopes of more central bank stimulus and government spending, but were still set for their worst week since the 2008 financial crisis, with coronavirus panic-selling hitting nearly every asset class. European stock markets rose on hopes of a coordinated stimulus package from world governments after several sessions of […]

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Iraqi FM summons U.S. and UK ambassadors over air strikes: spokesman

BAGHDAD (Reuters) – Iraq’s foreign minister has summoned the U.S. and British ambassadors in Baghdad over air strikes carried out by the United States on Iraqi military positions overnight, a spokesman said on Friday. “The Foreign Minister held an emergency meeting in which the ministry’s undersecretaries, advisors, and official spokesman discussed the measures regarding the recent American aggression. He has […]

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Western University cancels classes, Fanshawe College remains open amid coronavirus pandemic

A new set of preventative measures amid the ongoing outbreak of COVID-19 has students in London facing class cancellations. Classes at Western University will be cancelled until Tuesday, Mar. 17, university president Alan Shepard said in a statement Thursday night. Any exams scheduled during the timeline will be rescheduled, he added. Classes will resume Wednesday, but will be conducted online […]

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