Bloomberg The Bank of Canada cut interest rates by half a percentage point to buffer the nation’s economy against the double whammy of the coronavirus and tanking oil prices. The Ottawa-based central bank lowered its policy rate in an emergency move to 0.75% and said it “stands ready” to act again if needed. Governor Stephen Poloz, in a joint press …

Bloomberg HSBC Holdings Plc, which operates the largest franchise among global banks in China, named Mark Yunfeng Wang as president and chief executive officer of its China business as the UK lender reaffirms the commitment to the world’s biggest banking market. Wang is currently head of global banking and markets China and replaces David Liao, who will take up another …

Bloomberg The Bank of Japan (BOJ) will likely expand its stimulus measures at its next meeting as it seeks to limit the blow from the coronavirus outbreak and reassure volatile markets. The central bank is likely to show a more aggressive stance on buying assets such as exchange-traded funds (ETFs), the people said. Whether the BOJ will raise its 6 …