Bloomberg Boris Johnson was set to push fresh coronavirus lockdown rules through the UK Parliament on Wednesday, facing down rebels in his own Conservative Party who reject the erosion of civil liberties they entail. The regulations were due to take effect from Wednesday, enforcing the closing of gyms and non-essential shops in England, and restricting social contact between households. The ...

Bloomberg Australia’s central bank cut interest rates and announced purchases of longer-dated bonds to complement its yield curve control program for shorter-length maturities as it seeks to drive a rapid economic recovery. The Reserve Bank of Australia lowered its key interest rate, yield-curve target and bank lending facility rate to 0.10% from 0.25%, as forecast by an overwhelming majority of ...

Bloomberg Germany will take the lion’s share of the assets that lenders are moving out of the UK as a consequence of the Brexit, according to the Bundesbank. Non-German lenders are in the process of moving an additional 397 billion euros ($462 billion) of holdings to the country, taking their combined balance sheet there to 675 billion euros at the ...

Bloomberg JPMorgan Chase & Co and Citigroup Inc. joined rivals in asking the vast majority of employees in England to work from home following government rules to stop a surge in coronavirus infections. The Wall Street banks told staff in separate memos Tuesday that most workers will be required to work from home until further notice from Thursday, when a ...

Bloomberg Credit Agricole SA got a boost from clients selling bonds and set aside less money for expected bad loans, joining peers in taking a benign view of the pandemic as Europe enters a second phase of lockdowns. Revenue from capital markets, the biggest driver of Credit Agricole’s investment bank, surged 25% in the third quarter to beat analysts’ highest ...

Bloomberg BNP Paribas SA got a bigger-than-expected boost from trading and painted a relatively optimistic picture of the pandemic’s impact on its loan book, as it joined European peers in signalling an eventual return to dividend payments. Third-quarter revenue from trading fixed income, currencies and commodities surged 36% to 1.25 billion euros ($1.45 billion), the Paris-based bank reported, surpassing the ...

Bloomberg State Bank of India (SBI) reported better-than-expected profit as the nation’s largest lender set aside fewer provisions for non-performing loans. The bank’s net income jumped 52% to 45.7 billion rupees ($610 million) for the three months to September, beating the 36.9 billion rupee average estimate of 11 analysts surveyed by Bloomberg. SBI set aside 101.2 billion rupees in provisions ...

Bloomberg Deutsche Bank AG had the outlook on its credit rating lifted by Moody’s Investors Service, which said Germany’s largest bank may finally be able to execute on a strategic plan after years of setting targets and then missing them. The lender’s “senior management and staff have laid the foundation for a sustainable turnaround,” Moody’s analyst Michael Rohr wrote in ...

Bloomberg S&P 500 futures fluctuated while Treasuries jumped amid concern that the US is heading for a contested election after President Donald Trump called for the Supreme Court to intervene. Contracts on the benchmark stock index swung from losses to gains. Futures on the tech-heavy Nasdaq 100 remained up more than 1.5% for most of the Asian and European day. ...

Bloomberg India stocks gained in volatile trading amid vote counting in the US elections. The S&P BSE Sensex rises 0.5% to 40,477.73 as of 2:03 pm in Mumbai, after climbing as much as 1% and dropping as much as 0.5%. The NSE Nifty 50 Index added 0.5% after swinging between gains and losses. “Our market is going to follow global ...