Bloomberg Global stocks began the week on the back foot as investors readied for the start of an earnings season marked by unprecedented uncertainty over the corporate impact of the coronavirus pandemic. Oil pared earlier gains after a historic deal to cut output. Futures on the three main US equity indexes all dropped, while stocks fell in Asia’s main financial ...

Bloomberg Famed investor Mike Novogratz says this is the time for Bitcoin, citing greater adoption around the globe and unprecedented actions by central banks battling the fallout from the spreading coronavirus. “The risk on any store of value, if it’s gold, is that enough people believe in it,” Novogratz said in a Bloomberg TV interview. “It’s still a question of ...

Bloomberg India’s most ambitious attempt to influence how foreigners trade its currency slipped through with little fanfare two weeks ago. On a day when the Reserve Bank of India (RBI) executed an emergency rate cut and pledged $50 billion of liquidity, it also opened the way for local banks to trade non-deliverable forwards (NDFs), a currency derivative often blamed as ...