February 19, 2020
United States:
Fed’s Balance Sheet Dominates What to Watch For in FOMC Minutes
“Traders and investors are eager for more detail on the Federal Reserve’s plans to wrap up its balance sheet expansion and a related short-term lending program when minutes of the Jan. 28-29 policy meeting are released Wednesday in Washington. How and when the Fed will taper Treasury bill purchases is the top question for Stephen Stanley, chief economist at Amherst Pierpont Securities.”
Europe:
Netherlands Lures Its Biggest Brexit-Linked Wave of Businesses
“Netherlands saw the biggest wave of Brexit-spurred moves to the country last year. More companies are likely to follow. That’s according to the Netherlands Foreign Investment Agency (NFIA). In a statement published Wednesday, the agency said 78 companies decided to move to or expand in the country last year, adding to the 62 firms that relocated there after the U.K.’s 2016 vote to leave the European Union.”
Asia:
Chinese Companies Say They Can’t Afford to Pay Workers Now
“A growing number of China’s private companies have cut wages, delayed paychecks or stopped paying staff completely, saying that the economic toll of the coronavirus has left them unable to cover their labor costs. To slow the spread of the virus that’s claimed more than 2,000 lives, Chinese authorities and big employers have encouraged people to stay home. Shopping malls and restaurants are empty; amusement parks and theaters are closed; non-essential travel is all but forbidden.”
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