Bloomberg HSBC Holdings Plc warned it still expects to book higher credit losses on the back of the coronavirus pandemic, even after regulators gave it more leeway to deal with unpaid loans. Europe’s largest bank also put its job-cutting programme on hold. In an update to investors contained in the prospectus for its latest debt sale, disclosed in a US …

Bloomberg The convulsions in European markets for the past month have traders looking back to 2008-2009, the last time the financial world seemed on the verge of collapse. The good news this time around is that policy makers are applying lessons learned from that crisis. From the US’s $2 trillion rescue package to massive bond buying by the European Central …

Bloomberg Gold suppliers are in talks to use chartered or cargo flights to transport the precious metal, which usually moves around the world in commercial planes and has been left stranded as global travel grinds to a halt. The global gold market has been thrown into upheaval by the coronavirus outbreak. Logistics are becoming increasingly difficult and some leading refineries …