BBCNEWS Business Briefing March 20, 2020
Hello and welcome to bbc news. Some calm has returned to Financial Markets after a week of record breaking falls. Global shares have been able to hang on to some modest gains and crude oil had its best day in history, soaring 25 . All this comes after a barrage of stimulus measures from Central Banks. In the uk the bank of england cut Interest Rates to almost zero, following a surprise pledge by the European Central bank to pump 750 billion euros into the Financial System this year. Us treasury secretary, steven mnuchin, is urging congress to pass a 1 trillion emergency stimulus package immedi...