Bloomberg Russian Foreign Minister Sergei Lavrov said his country is in talks with Armenia and Azerbaijan on a mechanism to monitor a cease-fire that has already failed twice to halt fighting over the territory of Nagorno-Karabakh. “I hope that we will reach an agreement on such a mechanism in the nearest future,” Lavrov told a news conference in Moscow on ...

Bloomberg Protesters clashed with security forces, looted stores and burnt barricades in many Chilean cities on the one-year anniversary of an outbreak of social unrest that virtually paralysed South America’s most prosperous country. Thousands gathered in downtown Santiago’s Plaza Italia, which some people have turned to calling Plaza de la Dignidad (Dignity Plaza), flouting social distancing rules. As darkness fell, ...

Bloomberg Pakistan is bracing for more protests after an alliance of opposition parties kicked off a series of rallies calling for the resignation of PM Imran Khan. Khan’s administration is facing its biggest political challenge yet as it tries to manage a backlash over soaring food prices. Pakistan is importing sugar, tomatoes and the most wheat in a decade to ...

Bloomberg The US Supreme Court agreed to hear the Trump administration’s defense of a policy that requires people seeking asylum at the southern border to remain in Mexico until their cases are decided. The justices will review a federal appeals court decision that said the Migrant Protection Protocols policy runs afoul of US immigration law. The ruling aimed to let ...

Bloomberg Chinese diplomats injured a Taiwanese counterpart during a scuffle in the South Pacific, a senior Taiwanese official said, highlighting tensions over Beijing’s “wolf warrior” diplomacy. Two uninvited diplomats from the Chinese embassy in Fiji were asked to leave an event celebrating Taiwan’s national day in Suva after they were seen photographing other guests, Taiwan’s Deputy Foreign Minister Harry Tseng ...

Bloomberg Signs of a recovery for India’s troubled shadow banks have taken a step backward as concerns reemerged about the true impact of the pandemic on the lenders. Average spreads on the lenders’ AAA rated five-year bonds rose for the first time in four months in September. Of three other gauges tracking shadow bank sector health compiled by Bloomberg, two ...

Bloomberg The Bank of Japan (BOJ) will keep policy steady at its meeting next week and extend the duration of its Covid response measures by January at the latest, according to surveyed economists. All but one of 43 analysts polled by Bloomberg expect the central bank to stand pat at the two-day gathering ending on October 29. The economists see ...

Bloomberg The European Central Bank (ECB) must question whether mirroring the composition of the bond market in its asset purchases is appropriate in light of climate risks, according to President Christine Lagarde. Her argument centers on whether investors are correctly pricing bonds issued by polluting companies. With the European Union pushing an aggressive agenda to make the continent climate-neutral by ...

Bloomberg HSBC Holdings Plc is exploring whether to cut ties with dozens of French companies as part of its sweeping global restructuring. The lender’s French unit may drop 40 businesses, according to an internal document prepared by external consultants and seen by Bloomberg News. The plan would shrink its French corporate client base by a fifth. The proposed reductions aim ...

Bloomberg Italy’s plan to sell bailed-out lender Banca Monte dei Paschi di Siena SpA has become more complicated following the convictions of the bank’s former chairman and chief executive for false accounting and market manipulation. The sentence landed just as the government was seeking to take advantage of a wave of consolidation in the financial sector to sell its majority ...