Bloomberg Hong Kong sent hundreds of people, including a playgroup of infants, into quarantine and locked down more residential areas as it tried to contain a coronavirus outbreak that began in a gym in the city center last week. The number of confirmed cases linked to the outbreak has spiked to 109 since the first infection was reported on March ...

Bloomberg More Malaysian opposition lawmakers are expected to join defectors from their parties and declare support for Prime Minister Muhyiddin Yassin’s ruling coalition government, the Star cited Federal Territories Minister Annuar Musa as saying. Annuar said seven or eight more opposition members may defect to the Perikatan Nasional government soon because of the government’s efficient performance in tackling pandemic, according ...

Bloomberg Deutsche Bank AG jacked up its investment banking bonus pool by almost half after a blowout year in the markets, a far cry from the lean years when traders called the annual pay announcement the “day of long faces.” A 46% jump in variable compensation for investment bankers, and a 29% increase across all units at Germany’s largest lender, ...

Bloomberg A group of asset managers for Revlon Inc. lenders urged a judge not to extend a freeze on more than $500 million that they accidentally received from Citigroup Inc. while the bank appeals a ruling that they don’t have to return it. Citibank sought the freeze because it’s upset that the lenders received a “lottery-like windfall,” the group said ...

Bloomberg Alta Global, one of Credito Valtellinese SpA’s biggest shareholders, is urging Credit Agricole SA to increase its all cash-offer for the Italian lender, boosting the camp of shareholders pushing back against the current bid. “At the current offer price, Alta Global will not adhere to the bid,” Viatcheslav Pivovarov, the founder and CEO of the investment firm previously called ...

Bloomberg More women than men have left British banks during the pandemic, undermining the sector’s pledges to become more diverse. The number of women at the UK’s five biggest lenders shrink by 3% during 2020, according to data compiled by Bloomberg News, while men saw a decline of about 2.1% as banks pushed ahead with long-planned cost cuts and adapted ...

Bloomberg Toronto-Dominion Bank (TDB) plans to give workers up to eight hours of paid time off for coronavirus vaccinations. Workers will receive as many as four hours of paid time off for the vaccine and as many as four additional hours if a second dose is required, according to a memo from Kenn Lalonde, executive vice president of human resources. ...

Bloomberg Credit Suisse Group AG plans to wind down a $10 billion group of supply chain finance funds linked to financier Lex Greensill that it suspended this week because of valuation concerns. The Swiss bank said it will make the first payments to investors — amounting to approximately 80% of the available cash and cash equivalents — for the Luxembourg-domiciled ...

Bloomberg The recent rise in interest rates triggered a bout of volatility, but it’s not making the pros in the stock market run for the hills just yet. Some of the world’s biggest fund managers say equities can persevere and continue rallying through the rise in government bond yields. They are focusing instead on prospects for a powerful economic and ...

Bloomberg China’s policy makers, spurred to act by ballooning debt, are trying to get the country’s $10.7 trillion stock market to play a larger role in funding the economy. Top officials meeting in Beijing said they would push ahead with more equity-market reforms in 2021, accelerating a campaign aimed at encouraging more share sales from local firms. Initiatives like new ...