Bloomberg European stocks edged lower with US equity futures as investors weighed a potential setback on progress toward a coronavirus vaccine ahead of a busy period for corporate earnings. The dollar and Treasuries advanced. S&P 500 contracts fall as much as 0.6% after a report that Johnson & Johnson’s Covid-19 vaccine study has been paused due to an unexplained illness …

Bloomberg India’s stock benchmark eked out gains to rise for a ninth straight day, as investors shrugged off concerns about a halt in Johnson & Johnson’s Covid-19 vaccine study and rising domestic inflation. The S&P BSE Sensex closed up 0.1%, after swinging between gains of 0.5% and losses of 0.3% following Johnson & Johnson’s announcement that its study had been …

ABU DHABI / WAM NTS Group acquired Amega West Services, a market leader in the manufacture, repair and rental of legacy and specialised drilling equipment used in offshore and land-based Oil & Gas extraction applications, from Carpenter Technology Corporation. With headquarters in Houston and founded in 2007, Amega West has production and service plants in the United States, Canada and …

Bloomberg Hong Kong’s homegrown investment bankers are rapidly losing their status as city’s go-to dealmakers, supplanted by mainland Chinese rivals who now hold a majority of senior jobs in Asia’s biggest financial hub. While the shift has long seemed inevitable given the expanding pool of mainland talent and dominant role of Chinese issuers in Hong Kong, the recent pace of …

Bloomberg For some investors, Chinese bank shares in Hong Kong finally became cheap enough to buy. Industrial & Commercial Bank of China Ltd. (ICBC) surged as much as 7.2%, its best intraday gain in three years, after trading at the biggest discount to its Shanghai shares since early 2018. Its mainland shares only rise as much as 1.2%. ICBC’s Hong …

Bloomberg The Danish government’s plan to fund early retirement for some workers by introducing an extra tax on the financial industry has gained enough support among opposition parties to be turned into law next year. After negotiations into the early hours of Saturday, the Danish Social Democrat-led government announced that it had reached an agreement with opposition parties to support …

Bloomberg The European Commission is considering setting up a network of bad banks amid growing worries over non-performing loans during the coronavirus crisis, according to German newspaper Boersen-Zeitung. The network would bring economies of scale by directly opening the affected institutions and their assets to multiple jurisdictions, according to the report. It cites a presentation by the Directorate-General Fisma, which …

Bloomberg Bank of International Settlements’ General Manager Agustin Carstens doesn’t consider the Swiss National Bank (SNB) to be a currency manipulator, according to an interview with Neue Zuercher Zeitung. Carstens told the Swiss newspaper the SNB is merely responding to loose monetary policy worldwide and using the purchases as a defensive measure in light of the large global demand for …

Bloomberg The new coronavirus may remain infectious for weeks on banknotes, glass and other common surfaces, according to research by Australia’s top biosecurity laboratory that highlights risks from paper currency, touchscreen devices and grab handles and rails. Scientists at the Australian Centre for Disease Preparedness showed Sars-CoV-2 is “extremely robust,” surviving for 28 days on smooth surfaces such as glass …

Bloomberg Stocks and US futures rise as investors focused on the prospect for more stimulus and improving corporate earnings. The offshore yuan falls after China’s central bank took steps to restrain a recent rally. The Europe Stoxx 600 Index gained 0.5%, Nasdaq 100 Index futures added 1% and the MSCI Asia Pacific Index rallied to the highest since mid-2018. Chinese …