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Asia, Europe stocks drop with futures; oil in focus after rout

Bloomberg Stocks in Europe and Asia retreated while US equity-index futures edged lower on Tuesday as concern about the health of North Korea’s dictator introduced more uncertainty into markets roiled by an unprecedented oil collapse and the coronavirus epidemic. The Stoxx Europe 600 index fell for the first time in four days, with energy companies leading the decline. Contracts on ...

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India stocks, rupee slide as oil wipe-out signals growth woes

Bloomberg India’s benchmark stock gauge and currency fell, as a plunge in oil prices heightened investor concerns about global growth. The S&P BSE Sensex Index fell 3% to 30,692.12 as of 11:41 am in Mumbai, while rupee drop 0.3% to 76.7450 per US dollar, near a record low touched mid-April. Asia’s third-largest economy is near a standstill amid a prologued ...

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Banks face rising bad-loan costs, investment losses: BOJ

Bloomberg Japanese lenders must brace for rising bad-loan costs and investment losses even as the financial system shows resilience to the coronavirus-fuelled economic slump, according to the central bank. If the downturn is prolonged, more companies at home at abroad could face solvency problems, raising credit costs, the Bank of Japan said on Tuesday in its semiannual Financial System Report. ...

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