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Joe Biden gets boost from Michelle Obama

Bloomberg Democrats kicked off their convention with a show of unity and a rallying cry fuelled more by animosity towards Donald Trump than affirmations for their own nominee Joe Biden — enlisting progressives, centrists and even Republicans to paper over differences and oust the incumbent. The debut night, held virtually, put on display the Biden campaign’s desire to make the ...

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PBOC injects $101bn to ease liquidity, holds interest rate

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 ...

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Bank of Japan refuses request of traders to work from home

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 ...

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