Bloomberg The World Bank is boosting its coronavirus response package by $2 billion with funds from the International Finance Corporation, its lender to the private sector. The IFC’s planned funds are in addition to the $12 billion announced on March 3 by the bank, the world’s top development institution said in a statement. The assistance is aimed at supporting industry …

Bloomberg The combined weight of the coronavirus and the monetary easing trend around the world could finally persuade one of Asia’s most cautious central banks to cut rates. Taiwan’s policymakers will likely lower borrowing costs in its first policy-rate move since June 2016, joining the expanding ranks of central banks seeking to shore up a receding global economy. Taipei’s monetary …

Bloomberg Barclays Plc might struggle to reach its profitability target for the year and could cut discretionary awards as the coronavirus pandemic disrupts its business, joining a string of global lenders. “It’s going to be a tough year for earnings,” Tushar Morzaria, finance director, said on Tuesday at the Morgan Stanley European Financials Conference, held virtually this year. Barclays might …