Bloomberg Global central banks have no room to fight the crisis caused by the coronavirus outbreak, according to Deutsche Bank AG. “Policy failure is here,” George Saravelos, bank’s global head of currency research, wrote in a note. “We disagree with central bank pronouncements that there is room to fight the crisis.” Market turmoil around the world deepened, as growing fears …

Bloomberg Argentina’s latest debt dilemma is whether to pay or delay its local peso debt. While the country’s billions of dollars in foreign debt with private creditors and the International Monetary Fund (IMF) have been the primary focus for investors, the nation now faces a hurdle that’s just as large: the almost 1.8 trillion pesos ($29 billion) in local debt …

Bloomberg Federal Reserve Bank of Dallas President Robert Kaplan said the pace of acceleration in the coronavirus across the US will be an important factor as he weighs the need for another interest rate cut when policy makers meet later this month. “I am going to be watching very, very carefully the path of diagnosed cases,” Kaplan said in a …