Bloomberg First it was a shouting match of a presidential debate that raised doubts about the sanctity of the electoral process, then news Donald Trump had fallen ill with Covid-19. The S&P 500’s verdict on such a nerve-wracking week? Up 1.5%. Even with the decline on the president’s diagnosis, stocks managed enough buoyancy over the first four days to come …

Bloomberg Oil falls in New York and the global benchmark Brent plummeted to the lowest level since June after President Donald Trump’s positive Covid-19 diagnosis combined with labour market weakness heightened concerns over an economic recovery. US crude futures declined 4.3% and Brent slid below $40 a barrel in volatile trading. A top World Health Organisation (WHO) official said the …

Bloomberg India will subsidise interest costs for small borrowers who had availed of a six-month loan repayment holiday to survive as the pandemic devastated cash flows, according to court documents seen by Bloomberg. Prime Minister Narendra Modi’s government will pay the “interest on interest” on loans of as much as 20 million rupees ($273,000) for the duration of the Reserve …