Wednesday, Feb 26 2020 | Time 19:28 Hrs(IST)
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  • NIA conducts multiple raids in Kashmir
  • Def Min Rajnath Singh to attend Yediyurappa's felicitation function in K'taka
  • Janpad CEO suspended in corruption case
  • Gujarat: FM presents Rs 2,17,287 cr budget for FY 2020-21
  • Australia's Chef de Mission tells athletes to focus on training for Tokyo Olympics
  • Congress stages 'dharna' against BJP MLA’s remark on freedom fighter Iyengar
  • Security force launch CASO in south Kashmir’s Shopian
  • Awareness for school students against not visiting porn sites:Nitish
  • Centre accords top priority for welfare of 3 5 crore workers : Gangwar
  • U S advises its citizens to exercise caution in Delhi
  • Hero ISL semi-finals fixtures announced; away goals rule to apply
  • Punjab CM rules out revocation of reservation policy
  • Minor immolates herself, accuses three persons of rape
  • NUJ, DJA condemn attack on mediapersons
  • Sitharaman stresses on use of local language in banking
World


Trump wants Fed Reserve to cut interest rates down to 'zero'

Trump wants Fed Reserve to cut interest rates down to 'zero'

Washington, Sep 11 (UNI) In a fresh attack on US Federal Reserve, President Donald Trump on Wednesday said that central bank should lower interest rates down to zero so that country can refinance its debt.

"The Federal Reserve should get our interest rates down to ZERO, or less, and we should then start to refinance our debt. INTEREST COST COULD BE BROUGHT WAY DOWN, while at the same time substantially lengthening the term," Trump tweeted.

Trump further said that the US should always have zero inflation and the world's lowest interest rates, and also renewed his criticism of Federal Reserve Chairman Jerome Powell, which he blames for slowing the economy.

"We have the great currency, power, and balance sheet.The USA should always be paying the lowest rate. No Inflation! It is only the naivete of Jay Powell and the Federal Reserve that doesn’t allow us to do what other countries are already doing," Trump said, who has repeatedly noted that rates are negative in Germany, Europe’s trading powerhouse.

"A once in a lifetime opportunity that we are missing because of ‘Boneheads'," he concluded.

The Federal Reserve cut interest rates in July for the first time since the financial crisis, bringing its benchmark interest 25 basis points lower to a range of 2.25 per cent to 2.5 per cent.

UNI XC TV

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Declaring COVID-19 as 'pandemic' has no tangible benefits: WHO chief

26 Feb 2020 | 6:30 PM

Geneva, Feb 26 (UNI) Stating that China has prompted some media and politicians to push for a pandemic to be declared in wake of Coronavirus, World Health Organization Director-General Dr Tedros Adhanom said that we should not be too eager to declare a pandemic without a careful and clear-minded analysis of the facts.

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Pakistan declares Nawaz Sharif as ‘absconder’

Pakistan declares Nawaz Sharif as ‘absconder’

26 Feb 2020 | 6:08 PM

Islamabad, Feb 26 (UNI) Former prime minister Nawaz Sharif was on Wednesday declared as an 'absconder' by the Pakistan government for not fulfilling his bail requirements.

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First coronavirus case confirmed in Greece

26 Feb 2020 | 6:04 PM

Athens, Feb 26 (UNI) Greece on Wednesday announced the country's first confirmed case of the novel coronavirus, local media reported.

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Brazil confirms first case of coronavirus

26 Feb 2020 | 6:00 PM

Moscow, Feb 26 (UNI) Brazil on Wednesday confirmed its first case of Coronavirus, making this the first such case to be registered in South America, media reported on Wednesday.

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COVID-19 death toll rises to 12 in S Korea, 1261 infected

26 Feb 2020 | 5:30 PM

Seoul, Feb 26 (UNI) As South Korea confirmed 284 more cases of the COVID-19 on Wednesday, the total number of confirmed cases of infections rose to 1,261, while the death toll now stands at 12.

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