Bloomberg China’s central bank supplied liquidity to commercial lenders to help them manage upcoming government bond sales, while leaving the price of the money unchanged as the economy recovers. The People’s Bank of China (PBOC) added 700 billion yuan ($101 billion) of one-year funding via the medium-term lending facility. The central bank said that the operation is meant to offset ...

Bloomberg The new normal of remote work has yet to reach the traders who deal with the Bank of Japan (BOJ). Japan’s central bank doesn’t allow home computers to connect to its network for conducting asset purchases and other market transactions, raising concerns at financial firms as coronavirus cases in Tokyo surge. At least three have asked the BOJ whether ...

Bloomberg Westpac Banking Corp. has scrapped its first-half dividend, citing the desire to maintain a strong balance sheet in an uncertain operating environment. The lender had previously deferred any decision on a payout during the height of the first coronavirus outbreak. It will next consider dividends as part of finalising its full-year results. Westpac is the first of the nation’s ...