Bloomberg The Indonesian rupiah dropped to its weakest since the emerging market rout of 2018, as a sell-off in the nation’s bonds and stocks show little signs of abating with a worsening coronavirus pandemic. The currency slipped as much as 1.5% to 15,160 per dollar on Tuesday, the lowest since November 2018. The benchmark 10-year bond yield surged 17 basis …

Bloomberg US banks may be downgraded by Moody’s Investors Service in wake of Federal Reserve’s rate cut and as the worldwide coronavirus pandemic rattles markets. The outlook for lenders was changed to negative from stable, Moody’s said. Moody’s cited “the growing strain on banks’ operating environment and asset risk from the coronavirus disruption of economic and business activity.” Major US …

Bloomberg Andrew Bailey knows a few things about crises, which should put him good stead when he took the helm of the Bank of England as it tries to stave off recession triggered by the coronavirus pandemic. The 60-year-old is already in the heart of the action. Just hours before he officially started, he was part of a coordinated move …