Bloomberg The Philippines will keep the capital region that has the most coronavirus infections under a lockdown but it will allow some businesses to reopen in the area as it eases curbs in many parts of the country. President Rodrigo Duterte will put Metro Manila, Laguna province south of the capital and Cebu City in the Visayas under a modified ...

Bloomberg Toyota Motor Corp warned profit will tumble 80% to a nine-year low and predicted it could take another year before global car sales return to pre-virus levels, the latest sign that expectations for a quick economic rebound are fading. Japan’s biggest automaker is targeting operating profit of 500 billion yen ($4.65 billion) for the year through March, the company ...

Bloomberg With the coronavirus pandemic crippling demand for automobiles worldwide, Tata Motors Ltd is worth nothing without its luxury unit Jaguar Land Rover (JLR), according to CLSA Ltd. The $3.7 billion Indian auto company faces a significant increase in debt due to the crisis, and its plan to deleverage may be delayed by four to six quarters, CLSA said. It ...

Bloomberg The nation’s top infectious disease official, Anthony Fauci, was expected to issue a stern warning against reopening the economy too soon during a Senate hearing on Tuesday, saying it risks multiple new coronavirus outbreaks throughout the country. The US risks “the danger of trying to open the country prematurely,” Fauci said in an email to a New York Times ...

Bloomberg The US Senate unanimously approved a bill seeking the restoration of Taiwan’s observer status with the World Health Organization (WHO), escalating an international campaign to push back against Chinese efforts to isolate the island. The bipartisan measure calls on the State Department to report about Taiwan’s participation as an observer at the World Health Assembly — a key WHO ...

Bloomberg Hong Kong’s leader is pushing ahead with politically divisive policies that may prompt new protests against China’s influence over the city, even as she tries to revive a once-vibrant economy that’s been battered by unrest and the coronavirus pandemic. Chief Executive Carrie Lam said on Tuesday a controversial law making it illegal to disrespect China’s national anthem would get ...

Bloomberg It was 2.15 pm and British PM Boris Johnson was fulfilling his promise to brief rival party leaders on his coronavirus strategy. It was meant to be a sign of national cooperation, with politics set aside in the crisis. But over the course of a 40-minute conference call, Johnson’s opponents told him he was getting it wrong. His new ...

Bloomberg Wuhan has ordered officials to test its entire population of 11 million people after the central Chinese city where the coronavirus pandemic began reported new infections for the first time since its lockdown was lifted. All districts in the city have been told to submit a plan laying out how they will prepare to conduct testing of everyone under ...

Bloomberg European funding costs have eased for the first time since a surprise German court ruling last week against the European Central Bank’s bond buying. Three-month Euribor, the rate at which banks lend to each other, ended a three-day rising streak. Funding costs are coming down thanks to the cooling of Italian bond yield spreads, which spiked after the constitutional ...

Bloomberg Argentina extended the deadline for bondholders to consider a $65 billion restructuring offer, buying time for more talks after the government failed to win enough support to reach a deal. The government is open to accepting offers that both allow the country to reach its debt sustainability goals and enhance creditor recoveries, according to a statement. Hours earlier, Argentina ...