Bloomberg Myanmar’s junta has moved the nation’s civilian leader Aung San Suu Kyi and ex-president Win Myint from their residences in the capital to an “unknown location,” according to allies who’ve expressed serious concerns for their safety. The two have been held by the country’s powerful military since it seized power in a coup on February 1. “We’ve heard from ...

Bloomberg Former Ivory Coast President Laurent Gbagbo is expected to return home on June 17 after his acquittal on charges of crimes against humanity at the International Criminal Court, according to his party. The party announced the news at a celebration to mark Gbagbo’s birthday in the economic capital, Abidjan. It was confirmed by Gbagbo’s lawyer, Habiba Toure. The Hague-based ...

Bloomberg President Joe Biden vowed to “root out systemic racism” in a statement to mark the 100th anniversary of the Tulsa race massacre, which wiped out one of the nation’s most prosperous Black neighbourhoods. Biden will travel to the Oklahoma city this week to commemorate the massacre that took place on May 31 and June 1, 1921, when a White ...

Bloomberg Australia’s central bank maintained its policy settings as it prepares to decide on extending its yield target and quantitative easing programs, with a Covid-19 lockdown complicating the outlook. The Reserve Bank of Australia kept the cash rate and three-year yield target at 0.10% in Sydney on Tuesday, as expected. It will make a decision in July on whether to ...

Bloomberg Hong Kong urged all banks to “strongly encourage” staff in client-facing roles or support functions to get vaccinated as the city struggles with local resistance to its free rollout. Banks should “identify and draw up a list of designated staff expected to receive inoculation,” Hong Kong Monetary Authority Deputy Chief Executive Arthur Yuen said in a circular to financial ...

Bloomberg A hot equity market in India is prompting HDFC Bank Ltd to try to muscle in on the action as companies raise record levels of funding. The government has flooded the market with money in response to one of the world’s worst outbreaks of coronavirus, pushing stocks to dizzying levels and helping companies to boost capital buffers. Despite being ...

Bloomberg The Kazakh bank that received one of the country’s biggest bailout packages in recent years has paid out about $430 million in dividends, including from profits booked before the rescue. First Heartland Jusan Bank, known as Tsesnabank before it was bought by a fund set up by leader-for-life Nursultan Nazarbayev, resumed payouts in 2020, regulatory filings show. In 2018 ...

Bloomberg Bank of Baroda plans to raise 50 billion rupees ($690 million) from sales of shares and bonds after posting an unexpected loss in fourth quarter. India’s state-run lender’s borrowing plan includes raising as much as 20 billion rupees through a sale of shares and up to 30 billion rupees via bonds that qualify as capital, according to an exchange ...

Bloomberg A proposal by the Swedish central bank intended to address liquidity shortages in the country’s corporate bond market has been met with disbelief by a number of asset managers. The Riksbank last week repeated its call to improve the market’s functioning but added a new demand: revise the regulatory framework so corporate bond funds “cannot offer daily redemptions,” according ...

Bloomberg Stocks rise with US equity futures, and commodities including oil jumped, as a string of positive economic readings spurred optimism in the recovery from the pandemic. The Stoxx Europe 600 Index gained 1%, led higher by cyclical shares, as data showed that euro-area factories are struggling to keep up with surging demand and joblessness in Germany fell. Reports signaling ...