Bloomberg Nigerian banks have more to worry about than the coronavirus: Cratering oil prices and the threat of another naira devaluation are emerging as the biggest risks to how many lenders will emerge unscathed. The industry has already agreed to forgo profit to support the economy as measures to contain the Covid-19 outbreak bring most businesses to a halt. Now, ...

Bloomberg Australia’s central bank (RBA) passed up buying bonds last week in its already reduced QE schedule as the rate it targets appears anchored for now. The calm may prove brief as governments at home and abroad start issuing reams of paper to finance their massive fiscal stimulus. The Reserve Bank is expected to maintain its three-year yield target at 0.25% ...

Bloomberg Visa Inc. shares fared better than the rest of the financials’ sector trading after its earnings report highlighted growth in online and electronic payments, even as purchases plunged across the board while the Covid-19 pandemic unfolded. Analysts continue to fear drawn-out economic consequences from lockdowns. Visa slipped about 0.9% while S&P 500 information tech index shed about 2.3%, and ...