Andrew Bailey, the new Bank of England (BOE) governor, was at pains in an FT interview to draw a clear distinction between the BOE’s bulk buying of bonds and its direct financing of the British government’s coronavirus spending plans. The latter simply wasn’t going to happen, he said, because it would damage the central bank’s credibility in pursuing its defining ...

Bloomberg The Indian tycoon whose net worth surged the most among peers as the deadly coronavirus roils markets worldwide can thank nation’s hoarders with millions scrambling to stock up on staples amid the world’s biggest isolation effort. The net worth of Radhakishan Damani, who controls Avenue Supermarts Ltd., has surged almost 11% this year to $10.7 billion, singling him out ...

Bloomberg Asian tycoons are looking to snap up assets pummeled by the deadly coronavirus at bargain prices, but they are also facing hurdles as more governments seek to deter foreign takeovers of local firms. Over the past three months, top executives of companies based in mainland China, Hong Kong and Singapore have told investors that they are looking for acquisitions. ...