Bloomberg Bank of China (BOC) Ltd’s estimate for the carnage to retail investors from the collapse in a product linked to US crude oil futures has surged 11-fold to more than $1 billion as it consolidated reports from its nationwide network, according to people familiar with the matter. The lender’s estimate of losses to customers across China increased from about ...

Bloomberg Argentina’s decision to pull out of regional trade negotiations will exacerbate the country’s economic crisis, a coalition of opposition lawmakers said. Citing economic policy priorities and the effects of the Covid-19 crisis, President Alberto Fernandez’s administration withdrew from ongoing and future talks with several countries as part of the regional South American trade bloc known as Mercosur, the group’s ...

Bloomberg Plant shutdowns are leaving the US dangerously close to meat shortages as coronavirus outbreaks now spread to suppliers across the Americas. The first big poultry plants closed in the US and experts are warning that domestic shortages are just weeks away. Brazil, the world’s No. 1 shipper of chicken and beef, saw its first major closure with the halt ...