Bloomberg The Bank of Thailand eased some foreign-exchange rules as part of a previously announced plan to temper the baht. The threshold for proceeds that do not need to be repatriated rises to $1 million from the current $200,000, effective from March 2, the central bank said in a statement, adding that the “relaxation includes not only export proceeds but …

Bloomberg The world economy is now on course for its weakest year since the financial crisis as the coronavirus damages demand in China and beyond, according to analysts at Bank of America Corp (BofA). Global growth will slip to 2.8% this year rather than the 3.1% previously predicted, the slowest since 2009, economists led by Ethan Harris said in a …

Bloomberg Standard Chartered Plc’s revenue will fall short this year and it will miss a key profitability target as the coronavirus outbreak and a weakened Hong Kong economy hammer the Asia-focused lender’s business. The slump in Asia, which accounts for the majority of the bank’s earnings, will contribute to 2020 revenue growth falling short of its own forecasts, according to …