Bloomberg There are signs that concern in the global foreign exchange market over the deadly coronavirus may be wearing off. Haven currency the Swiss franc slipped to nearly a three-week low against the dollar on Wednesday, even as the virus spread further. The Japanese yen, another traditional refuge, has failed to gain since Hong Kong initiated travel bans, while the …

Bloomberg Multilateral institutions such as the World Trade Organization (WTO) need an urgent revamp in order to remain relevant, European Central Bank (ECB) policymaker Pablo Hernandez de Cos said. European Union officials, he said, are the best placed to undertake that rethink. “One of the biggest challenges confronting the WTO and, in general, the system of international institutions, is how …

Bloomberg Italy’s crippling public debt is set to keep expanding amid chronically low economically growth, the International Monetary Fund (IMF) said. Saddled with Europe’s largest debt burden, the country has benefited from the European Central Bank’s expansionary monetary policy and a period of relative political stability to bring down yields. But its interest costs are still higher than its economic …