Bloomberg China secured the World Trade Organisation’s (WTO) go-ahead to impose $3.6 billion in sanctions against the US, in a case that predates the tariff war between the world’s two largest economies but may add a layer of tension to ongoing talks. The damages awarded, in a document released on the Geneva-based organisations’ website, are the third highest in WTO ...

Bloomberg A federal government mandated panel said air pollution in India’s capital and its suburbs over the last week has worsened to levels that should be treated as a public health emergency. The air quality index, or AQI, hit as high as 744 at some areas in the Indian capital according to website AirVisual, which monitors air pollution around the ...

Bloomberg While the appointment of Mark Carney’s successor has been officially delayed, a frenzy of speculation about who will get the job was seen. Several reports on the government’s favourites were met with news that there is no preferred candidate at this time. The confusion sums up what has thus far been a chaotic appointment process, continually delayed by Brexit. ...

Bloomberg Deutsche Bank AG will pass on negative interest rates only to larger corporate customers or the deposits of wealthy individuals and spare most retail clients, Deputy Chief Executive Officer Karl von Rohr said in an interview with Frankfurter Allgemeine Sonntagszeitung. The bank is talking to the customers affected and they understand the issues, von Rohr said. German banks have ...

Bloomberg Australia’s stock market may not get the kind of boost historically seen in its peers should the country’s central bank unleash quantitative easing, according to Goldman Sachs Group Inc. The problem is already-low bond yields and elevated equity valuations, Goldman analysts Matthew Ross and Bill Zu wrote in a November 1 note. While Goldman still doesn’t see Reserve Bank ...

Bloomberg The Philippine peso has a secret weapon that has made it one of Asia’s best-performing currencies this year: bumper real yields. While the central bank has cut interest rates three times this year to spur growth —which typically saps demand for a currency — slowing inflation has ensured that real yields on the nation’s bonds have remained among the ...

Bloomberg Yes Bank Ltd, the Indian lender that’s been courting investors following management turmoil and scrutiny of bad loans, posted a bigger-than-expected second-quarter loss as soured debt increased and the firm took a one-time charge. The loss totalled 6 billion rupees ($84.7 million) for the three months ended on September 30, compared with net income of 9.65 billion rupees a ...

Bloomberg JPMorgan Chase & Co and Amazon.com Inc have begun testing the new health-care venture they’re developing with Warren Buffett’s Berkshire Hathaway Inc, rolling out some of the new offerings to employees in a handful of states. Under the program, called Haven Healthcare, JPMorgan is offering its 30,000 workers in Ohio and Arizona two plans for 2020 run by Cigna ...

Bloomberg At least 200 people were arrested in Hong Kong as protesters blocked roads, vandalised public facilities and set alight exits of subway stations. Police fired multiple rounds of tear gas and deployed a water cannon on black-clad demonstrators who built barricades across busy streets, including a highway, and threw flaming objects in Wan Chai on Hong Kong Island. MTR ...

Bloomberg The US and South Korea will suspend a planned air-power military drill for the second straight year to avoid increasing tensions with North Korea while denuclearisation talks between Washington and Pyongyang are stalled, Yonhap News reported, citing an unidentified official. Vigilant Ace, the joint exercise scheduled for December, involves hundreds of aircraft including US strategic bombers, the news agency ...