Bloomberg UK inflation slowed to the weakest level since 2016 in April as energy prices fell and the coronavirus lockdown put the brakes on economic activity. The prospect of persistently low inflation will fuel speculation that more action is needed from the Bank of England, intensifying the debate among policy makers over taking rates below zero for the first time. ...

Bloomberg Argentina and creditors seeking to hash out a $65 billion bond restructuring are still far apart, just days away from a deadline that could plunge the country into default. Talks have continued since bondholders sent two counterproposals, but there’s a gap of about 20 cents on the dollar between the government’s offer and the most aggressive creditors, according to ...

Bloomberg Facebook Inc. will limit offices to 25% occupancy, put people on multiple shifts and require temperature checks when it lets employees back into workplaces beginning in July, according to people familiar with the matter. The social media company outlined to staff globally how it plans to handle a return to major job sites starting July 6, providing a glimpse ...

Bloomberg European funding markets have thus far been stubborn in correcting. This may be about to change. A new European Central Bank (ECB) loan facility for tackling the pandemic, known as PELTRO, will be allotted. The interest rate will be 25 basis points below ECB’s main refinancing operations, currently 0%. While it’s less tempting than the upcoming TLTRO III, another ...

Bloomberg US and European equity futures were mixed along with stocks in Asia as reports on Moderna Inc.’s coronavirus vaccine added to concern that a successful way to beat the pandemic remains a long way off. Treasuries held an overnight advance. Japan and India saw the bulk of gains in a mixed Asian session, with Shanghai and Hong Kong in ...

Bloomberg Indian stocks rose, set for a second straight day of gains, as some investors bet there’ll be enough liquidity to support the economy as the nation gradually exits from the world’s biggest lockdown. The S&P BSE Sensex climbed 0.7% to 30,410.91 as of 9:42 am in Mumbai, while the NSE Nifty 50 Index rose by a similar magnitude. Both ...

Bloomberg Luckin Coffee Inc.’s battered stock faces a renewed wave of selling on Wednesday, after Nasdaq Inc. said it planned to delist the onetime market darling that shocked investors with revelations of accounting fraud last month. The Chinese coffee chain’s shares, which have been suspended since tumbling more than 80% in April, will resume trading in New York. Luckin announced ...

ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, inspected the Emirates Field Hospital for Covid-19 patients in Mohamed bin Zayed City in Abu Dhabi, which has a capacity for 1,200 beds and is being run by 46 doctors and medics in addition ...

ABU DHABI / WAM During the first quarter of 2020, the total loans provided by Emirati banks to small and medium-sized enterprises (SMEs) totalled AED93.4 billion, an increase of AED3.9 billion or 4.3 percent compared to AED89.5 billion in the fourth quarter of 2019. The loans provided accounted for some 8.1 percent of the total cumulative balance of credit facilities ...

ABU DHABI / WAM The Emirates Nuclear Energy Corporation (Enec), successfully completed Cold Hydrostatic Testing (CHT) at Unit 4 of the Barakah Nuclear Energy Plant, the Arab world’s first nuclear energy plant being built in the Al Dhafra region of Abu Dhabi. The testing incorporated the lessons learned from the previous three units and is a crucial step towards the ...