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Virus derails Myanmar’s move to open stock market to foreigners

Bloomberg The novel coronavirus outbreak has derailed Myanmar’s move to open its stock market to foreign investors. Only two of the country’s five listed securities have attracted international traders since rules were relaxed on March 20, leaving their foreign-shareholding ratios at minimal levels. Officials had hoped to attract funds from both expatriates and non-resident foreigners. “After two trading days when ...

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Canadian stocks see biggest weekly gain since 2009

Bloomberg Canada shares rose, capping the biggest one-week advance since January 2009 despite a record plunge in employment in the country and another surge in jobless claims in the US. Investors focused instead on another dose of economic support south of the border. The S&P/TSX Composite index climbed 1.7%, bringing the weekly gain to 9.5%, the biggest since January, 2009, ...

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Wall Street caps best week since 1974

Bloomberg US stocks posted biggest weekly gain since 1974 as investors looked past staggering jobless numbers when Federal Reserve released new measures to cushion fallout from coronavirus. Oil fell as investors saw a supply-curb proposal as insufficient. The S&P 500 Index rallied for the third time in four days, bringing this week’s increase to 12%. The Fed announced another series ...

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