Bloomberg Stimulus measures like bond purchases are more effective than interest rate cuts to support the economy at this point in time, Riksbank Governor Stefan Ingves said. “Altogether, these measures entail a monetary policy that is aimed in full at attempting to alleviate the negative effects of the corona pandemic on the Swedish economy,” Ingves said, according to minutes of ...

Bloomberg Yes Bank Ltd. set a large discount in the price range for its $2 billion public offering scheduled for next week. The Mumbai-based lender plans to sell the shares at 12 rupees to 13 rupees apiece, a filing showed. That’s a discount of as much as 55%. Yes Bank, which was bailed out this year, is the latest Indian ...

Bloomberg Investors are gearing up for a potentially tumultuous European earnings season that may offer clues on whether the stock market’s rapid rebound since the start of the Covid-19 pandemic has been wise or foolish. The second-quarter reporting season kicks off this week with the likes of Volvo AB, Electrolux AB and Nordea Bank set to shed light on the ...