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Bloomberg The Bank of Thailand held its benchmark interest rate at an all-time low and said it was prepared to use “additional appropriate monetary policy tools” to support an economy suffering the biggest blow in Asia from the coronavirus pandemic. The central bank kept its policy rate at 0.5% in ...

Bloomberg Australia’s central bank is returning to the government bond market after a three-month hiatus as it aims to re-anchor yields on the three-year security that it targets through its purchasing program. The Reserve Bank of Australia (RBA) offered to purchase $359 million of federal government securities maturing in April ...

Bloomberg The Reserve Bank of India’s (RBI) policy decision this week is a tricky one to call, with economists split over whether Governor Shaktikanta Das will lower interest rates again to support a fragile economy and banking sector in the face of above-target inflation. Of the 44 economists surveyed by ...

Bloomberg Commerzbank AG abandoned its goal for a full-year profit after losses tied to the failure of Wirecard AG added to surging costs for bad loans, underscoring the challenges as the lender seeks to emerge from a leadership crisis. The outlook revision was driven by a single case that cost ...

Bloomberg European stocks climbed to a one-week high and US futures rose as investors focused on US-China trade discussions and American lawmakers making progress on an economic aid package. The Stoxx Europe 600 Index posted broad-based gains, with travel companies, commodity producers and retailers leading the charge. Bank of Ireland ...

Bloomberg For investors riding a rally in India’s wireless carriers, the best returns are coming from an operator that’s warned it may collapse without help from the government. Although Vodafone Idea Ltd. hasn’t made a profit since 2017 and ended last fiscal year with a record $10 billion loss, its ...

Bloomberg Bank of Ireland Group Plc shares rose the most in almost two months, as the lender’s CEO suggested the economy is proving more resilient than expected in face of coronavirus. The company’s shares rose as much as 11% in Dublin to 2.04 euros, the highest level since June 8, ...

WASHINGTON / WAM Yousef Al Otaiba, UAE Ambassador to the US, has said that the start-up of Unit 1 at the Barakah Nuclear Energy Plant is an outstanding milestone in the history of fruitful cooperation between the UAE and the US in the peaceful nuclear energy field. In his statement ...

ABU DHABI / WAM Adnoc Logistics and Services, the shipping and maritime logistics subsidiary of the Abu Dhabi National Oil Company (Adnoc) announced on Tuesday the formation of a new strategic joint venture with Wanhua Chemical Group. The new company named AW Shipping Limited is incorporated in Abu Dhabi Global ...

Abu Dhabi / WAM The Abu Dhabi Emergency Crisis and Disasters Committee for Covid-19 pandemic, in collaboration with the Department of Health-Abu Dhabi, announced that there has been a major decrease in prevalence of coronavirus in Abu Dhabi. “The initiatives, along with precautionary and preventative measures, have resulted in curbing ...