Bloomberg The Swiss National Bank’s (SNB) US equity portfolio declined in value for the first time in more than a year, reflecting the market rout caused by the coronavirus outbreak. The central bank, which has amassed vast holdings of foreign currency due to interventions to weaken the franc, had $94 billion invested in US stocks at the end of March, …

Bloomberg After weeks of wondering how corporate Canada fared in the early days of the Covid-19 pandemic, investors finally got a proper look under the hood. Senior executives spoke about the impact. Some described the future as too hard to predict. Others tried to identify parallels and differences with the financial crisis. By withdrawing their 2020 forecasts, many Canadian companies …

Bloomberg Oil notched its first back-to-back weekly gain since February amid optimism around production cuts beginning to eat into a massive supply glut. Futures in New York climbed 25% this week. Explorers are cutting production in response to crude oil trading in the $20-a-barrel range. EOG Resources Inc. is cutting about a quarter of its oil production for May in …