Coronavirus: Record $2trn clears Senate hurdle but stocks sink again

  • 📰 SkyNews
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 67%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Stock markets are on course for a fresh sell-off, unwinding two days of recovery, despite the $2trn (£1.7trn) US coronavirus relief scheme clearing its first hurdle.

on Tuesday and Wednesday on hopes the measures - the largest programme of support ever initiated - would have a smooth passage as investors eye the prospect of a recession deeper than that caused by the financial crisis in 2008.

The package includes $58bn for the mostly-grounded airline industry - split between grants and loans to cover pay cheques - with companies drawing support unable to cut staff until the end of September or change their labour agreements.Image:It is understood most Americans would qualify for cheques of up to $1,200 each.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 35. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Out of treasury straight into the pockets of the rich and hedge funds and realDonaldTrump

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines