Bloomberg Bank of England (BOE) policy makers are set to keep delivering ultra-loose monetary policy even as they disagree over the pace of economic recovery from coronavirus-triggered recession. While officials led by Governor Andrew Bailey have different takes on how the economy is emerging from the pandemic shock, the next policy decision on Thursday is expected to leave interest rates ...

Bloomberg Goldman Sachs Group Inc. and Bank of America Corp. (BofA) were left off Ant Group’s upcoming stock sale in Hong Kong because of their past work with rivals of its affiliate Alibaba. Bankers have been told by senior executives at Alibaba Group Holding, which owns a third of Ant, that they should refrain from doing deals for its competitors if ...

Bloomberg Societe Generale SA swung to a surprise $1.5 billion loss because of charges at its trading unit, extending a losing streak that’s set to increase pressure on Chief Executive Officer Frederic Oudea. The French lender posted almost 1.33 billion euros in one-off costs following a review of the global markets and investor services business, including a 684 million-euro writedown. ...

Bloomberg Australia’s central bank staff will be working around the clock to factor in the latest data from Victoria state’s spiralling Covid crisis into economic projections ahead of Tuesday’s policy meeting and Friday’s forecasts publication. Reserve Bank Governor Philip Lowe is set to keep interest rates and the three-year yield target unchanged at 0.25%, most economists say, and reiterate a ...

Bloomberg Bandhan Bank Ltd.’s main shareholder sold $1.4 billion of its stake in India’s most profitable bank to meet the regulator’s ownership rules. Bandhan Financial Holdings Ltd. sold 337.4 million shares in the Indian lender at 313.1 rupees in a block trade on Monday, according to deal teams seen by Bloomberg News. The company’s shares plunged 11% to 307 rupees ...

Bloomberg European equities climbed after falling the most since March in July as euro-area manufacturing returned to growth. The Stoxx Europe 600 Index was up 0.2%, led higher by the media and tech sectors. Banks were the worst performers, with HSBC Holdings Plc down 3.8% after first-half pretax profit missed estimates and more than halved to $5.6 billion, while Societe ...

Bloomberg Having suffered the worst first-half performance in any year since 2008, a gauge of Philippine’s property stocks is faring worse than the nation’s benchmark index in 2020 after six years of outperformance. The losses have also erased the valuation premium real estate shares typically command over the broader market — an occurrence that’s seen them stage a sharp rebound ...

Bloomberg South Africa’s main stock index erases gains of as much as 0.4% to fall 0.5% by 9:40 am in Johannesburg, as weakness in banks and MTN Group counter a rise in heavyweight BHP and a soaring Shoprite. The losses come amid a resurgence in Covid-19 cases in parts of the US and Europe, raising concern that the economic rebound ...

Bloomberg The Trump administration will announce measures shortly against “a broad array” of Chinese-owned software deemed to pose national-security risks, US Secretary of State Michael Pompeo said. The comments suggest a possible widening of US measures beyond TikTok, the popular music-video app owned by ByteDance Ltd., one of China’s biggest tech companies. President Donald Trump told reporters that he plans ...

Abu Dhabi / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Mohammad Javad Zarif, Iranian Foreign Minister, exchanged Eid Al Adha greetings. This came during a video call, wherein the ministers reviewed efforts of the countries to contain repercussions of Covid-19 pandemic. In this regard, HH Sheikh Abdullah and Zarif noted the importance of ...