Bloomberg New Zealand’s central bank expanded its quantitative easing program and said it’s open to cutting interest rates into negative territory as a new coronavirus outbreak threatens the economic recovery. The Reserve Bank increased its Large Scale Asset Purchase program to as much as NZ$100 billion from NZ$60 billion, and extended it until June 2022, according to a statement on ...

Bloomberg ABN Amro Bank NV will cut its investment bank by about a third and shut down lending outside of Europe as the Dutch bank tries to turn around business hit hard by the market chaos caused by the coronavirus crisis. ABN Amro will stop providing corporate finance outside Europe and exit trade and commodity financing altogether, the Dutch bank ...

Bloomberg Goldman Sachs strategists raised their profit estimates for S&P 500 after a record number of companies beat analyst expectations. Strategists at the bank led by David Kostin lifted their 2020 EPS estimates to $130 from $115, expecting an overall 21% profit contraction versus last year’s levels. The second-quarter results also re-affirmed the team’s confidence in their 2021 EPS estimate ...