Europe’s banks have come a long way since the euro zone crisis. Lenders have halved their piles of non-performing loans from 1 trillion euros ($1.1 trillion) in 2014 to 543 billion euros in the third quarter of 2019. However, markets still doubt lenders’ real strength, as you can see from their depressed price-to-book ratios. The blame falls, in part, on ...

Bloomberg Stocks rallied globally and bonds slipped amid hopes for a breakthrough in fighting the coronavirus. Crude oil advanced with industrial metals. Futures on the three main American indexes all turned higher and the Stoxx Europe 600 Index rebounded after a string of reports on possible vaccines or treatments for the deadly pathogen. Contracts on the S&P 500 Index climbed ...

Bloomberg For Vietnamese stock investors, the return from the Lunar New Year break has been almost as bad as for their Chinese counterparts. Mounting concerns that trade disruptions caused by the coronavirus outbreak will have a deep impact on the Southeast Asian nation have pushed the benchmark VN Index down more than 6% since January 30. That’s the world’s worst ...