Bloomberg Asia’s wealthy are readying cash to take advantage of opportunities in financial markets and private equity once the impact of the coronavirus pandemic subsides, according to the head of private banking at Southeast Asia’s largest lender. Clients have increased cash holdings to about 40% of their portfolios in recent months, up from about 30% before the pandemic, Joseph Poon, ...

Bloomberg The Bank of Japan (BOJ) is likely to consider upgrading its economic assessment amid signs of a rebound from the economy’s worst contraction on record last quarter, people familiar with the matter said. Any changes would acknowledge that Japan’s slump has bottomed, rather than indicate optimism about the outlook, according to the people. BOJ officials continue to see Japan’s ...

Bloomberg The European Central Bank’s (ECB) emergency stimulus program is endangering the region’s climate-change objectives by “feeding a natural gas frenzy,” according to environmental campaigners. The central bank is buying bonds from fossil-fuel project developers including Royal Dutch Shell Plc, Total SE and Engie SA, Paris-based Reclaim Finance said in a statement. The Bank of France Governor Francois Villeroy de ...