A Holy Grail of policymaking since the end of the 1970s high-inflation era has been to stop turning public debt into interest-free money. In emerging economies like India, where the idea made a late entry, this dogma is threatening to get in the way of mounting a robust response to the coronavirus. The reluctance to surrender hard-won victories is understandable. ...

Bloomberg European stocks dropped with US futures on Thursday as investors weighed the latest signs of the coronavirus’s impact on the global economy and a slew of corporate earnings. Crude oil rose to about $15 a barrel in New York. The Stoxx Europe 600 Index quickly erased its opening gain as an estimate of private-sector activity in the euro area ...

Bloomberg Indian stocks rose, set for a second straight day of gains, as investors bought riskier assets amid a partial easing of the nationwide lockdown and signs of the coronavirus outbreak easing globally. The S&P BSE Sensex climbed 9% to 31,673.78 as of 1:19 pm in Mumbai, while the NSE Nifty 50 Index advanced by the same magnitude. Both measures ...