Bloomberg Indonesia’s bond and currency markets, risk benchmarks that tend to move in tandem, are diverging in signs that the nation’s pandemic response is deterring global funds. The rupiah is the worst-performing Asian currency this quarter while the nation’s benchmark sovereign bond is outperforming peers. The two markets are usually aligned due to heavy foreign debt holdings. That dynamic started ...

Bloomberg Credit Suisse Group AG faces a criminal probe for helping more than 2,600 Belgian clients to hide untaxed earnings in Swiss accounts, L’Echo reported. The inquiry into Swiss lender concerns money laundering and acting as an illegal financial intermediary, the newspaper said, citing a spokesman for Belgium’s Federal Prosecutor’s office. Prosecutors obtained the bank details of unidentified Belgian clients ...

Bloomberg People’s Bank of China (PBOC) Governor Yi Gang urged banks to support smaller companies through innovations in financial services and products. The current economic situation is “complex and severe,” Yi told a seminar in the eastern city of Hefei, according to a statement posted on the central bank’s website. The governor said banks should adapt financial services and products, ...

Bloomberg European stocks climbed to a one-week high and equity futures rose amid a thaw in US and China relations and hopes of wider access to new coronavirus treatments. The rally in the Europe Stoxx 600 Index was broad based, with all 19 industries posting gains. BT Group advanced after Sky News reported that the board is on alert for ...

Bloomberg Indian stocks climbed along with Asian equities, with the benchmark index forming a pattern that some analysts read as a sign of more gains to come. The S&P BSE Sensex climbed 0.6% to 38,673.41 as of 10:17 am in Mumbai, making a ‘golden cross’ — a bullish indicator when the 50-day moving average rises above the 200-day line. The ...

Bloomberg South Africa’s main stock index advances for a second day, rising 1.3% by 9:46 am in Johannesburg, as improved risk appetite among investors spurs gains for 104 of the 150 listed companies. Naspers Ltd. contributed the most to the rising benchmark index, climbing 2.5% to the highest in more than a week after assurances from White House officials that ...

Bloomberg Shares of Hong Kong-based companies climbed, with a gauge reaching its highest in five months, after local media reported the number of new coronavirus cases fell to single digits for the first time since July. The MSCI Hong Kong Index rise 2% as of 4:22 pm The city was expected to report nine new infections on Monday, the South ...

Bloomberg TikTok plans to file a lawsuit against the Trump administration on Monday to challenge its executive order banning transactions with the video app in the US, the company said. TikTok said it “strongly disagreed” with the concerns raised by President Donald Trump as he ordered on August 6 to ban the app from the US within 45 days. He ...

Abu Dhabi / WAM The Ministry of Health and Prevention (MoHAP) announced on Sunday that it conducted 71,216 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary ...

DUBAI / WAM “Food and water security are among the priorities of the UAE government for the post-coronavirus (Covid-19) period, and the objective is to launch specialist initiatives that will ensure our readiness to confront all types of crises,” according to His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of ...