Bloomberg The European Central Bank (ECB) will explore all possible options to support the economy in the current phase of acute difficulty, Bank of Italy Governor Ignazio Visco said in a speech. “As part of our mandate, we are willing to increase the volume of purchases, to change their composition,” said Visco, who is also a European Central Bank Governing …

Bloomberg As the number of countries going into lockdowns to fight the coronavirus pandemic increases, emerging markets may institute capital controls, according to Citigroup Inc. “There’s a decent case to make that we might be approaching a world in which policy makers start to restrict the movement of capital in just the same way that they are restricting the movement …

Bloomberg The credit ratings of South Africa’s five largest banks were downgraded deeper into junk by Fitch Ratings, which cited a deteriorating operating environment following the outbreak of the novel coronavirus. The ratings were reduced by one notch to BB, two steps below investment grade and one notch lower than that of South Africa, Fitch said in a statement late …