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SNB gets all clear from BIS on currency interventions

Bloomberg Bank of International Settlements’ General Manager Agustin Carstens doesn’t consider the Swiss National Bank (SNB) to be a currency manipulator, according to an interview with Neue Zuercher Zeitung. Carstens told the Swiss newspaper the SNB is merely responding to loose monetary policy worldwide and using the purchases as a defensive measure in light of the large global demand for ...

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Covid-19 can persist for four weeks on banknotes

Bloomberg The new coronavirus may remain infectious for weeks on banknotes, glass and other common surfaces, according to research by Australia’s top biosecurity laboratory that highlights risks from paper currency, touchscreen devices and grab handles and rails. Scientists at the Australian Centre for Disease Preparedness showed Sars-CoV-2 is “extremely robust,” surviving for 28 days on smooth surfaces such as glass ...

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European stocks advance with US futures; yuan falls

Bloomberg Stocks and US futures rise as investors focused on the prospect for more stimulus and improving corporate earnings. The offshore yuan falls after China’s central bank took steps to restrain a recent rally. The Europe Stoxx 600 Index gained 0.5%, Nasdaq 100 Index futures added 1% and the MSCI Asia Pacific Index rallied to the highest since mid-2018. Chinese ...

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