Bloomberg If the coronavirus outbreak morphs into a regional economic crisis, the European Central Bank (ECB) isn’t yet poised to rush to the rescue. With interest rates deep below zero and the latest batch of asset purchases still ongoing, room for additional monetary support is severely limited. For policy makers in Frankfurt, that makes their case for governments such as …

Bloomberg Global banks including UBS Group AG and Bank of America Corp are broadening their contingency plans across Asia to ensure they can keep trading and other operations running as the spread of the coronavirus accelerates outside China. Credit Suisse Group AG is among lenders starting to implement alternative work arrangements in South Korea, adding Asia’s fourth-largest economy to the …

Bloomberg China’s currency is showing strength against peers, despite the country being most affected by the novel coronavirus epidemic. The yuan is approaching its strongest level since August versus a basket of 24 exchange rates, according to data compiled by Bloomberg. Most Asian peers have slumped against the currency in the past five trading days, with the Korean won and …