PRESS DIGEST- New York Times business news – March 19

March 19 (Reuters) – The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

– General Motors, Ford Motor and Fiat Chrysler on Wednesday decided to idle their plants in the United States, Canada and Mexico for at least a week.

– The Federal Reserve said late Wednesday night that it would offer emergency loans to money market mutual funds, its latest in a series of steps to keep the financial system functioning and prop up the economy during the coronavirus pandemic.

– The European Central Bank will begin an enormous new wave of bond purchases meant to counteract the “serious risks” to the eurozone caused by the coronavirus pandemic.

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