November, 2020

• 2 November

  Italy mulls curfew with government ‘divided’

  

  Bloomberg Italy’s government is opting for targeted regional restrictions amid the latest surge in Covid-19 cases, in a bid to avoid a new nationwide lockdown. Regions with the highest transmission levels will be subject to tougher curbs under a new three-tiered system, Prime Minister Giuseppe Conte said on Monday. These will come on top of new nationwide measures including a ...

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• 2 November

  Super Typhoon Goni kills 16 people in Philippines

  Bloomberg The world’s strongest storm this year killed at least 16 people in the Philippines, and sent tens of thousands more to evacuation centres, risking coronavirus infection. Nearly 458,000 people were evacuated mostly in the main island of Luzon, including 177 Covid-19 patients and more than 400 medical staff from 10 quarantine facilities, the nation’s disaster risk-monitoring agency said in ...

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• 2 November

  Colombia central bank holds rates as it looks for new chief

  

  Bloomberg Colombia became the latest emerging market to end a series of interest rate cuts, joining peers from Brazil to South Africa as it recovers from the pandemic. After the decision, the central bank said that Governor Juan Jose Echavarria will retire early next year. The bank left its key rate unchanged at a record low of 1.75%, in line ...

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• 2 November

  ICICI Bank profit rises on interest income amid virus

  

  Bloomberg ICICI Bank Ltd. posted a record quarterly profit as it set aside a lower amount of funds for potential bad loans even as the coronavirus pandemic constrains growth in financial sector. Net income at India’s second-largest private lender rose to 42.51 billion rupees ($570 million) in quarter ended Sept. 30 from 6.55 billion rupees a year earlier. That was ...

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• 2 November

  Fed not expected to ramp up bond buying this year or next

  

  Bloomberg The Federal Reserve won’t increase the pace of its asset purchases this year or next, and wouldn’t meaningfully boost the US economy even if it did so, according to most economists surveyed by Bloomberg. Many Fed watchers are eager for more guidance on the future of the central bank’s balance-sheet policy, but aren’t expecting any new clues when the ...

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• 2 November

  Deutsche Bank boosts securities unit outlook

  

  Bloomberg Deutsche Bank AG signalled the trading boom that helped it beat Wall Street rivals will continue through the end of the year, boosting investment banking revenue and compensating for headwinds at its lending businesses. Income from trading fixed-income securities and currencies rises 47%, beating all but one of the large investment banks so far and snapping a long streak ...

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• 2 November

  BOE to combat new lockdown pain with fresh stimulus aid

  

  Bloomberg The Bank of England (BOE) looks certain to unleash another burst of monetary stimulus this week as new coronavirus lockdowns shock the economy and put yet more pressure on government finances. Any doubt that Governor Andrew Bailey and his colleagues might delay boosting their bond-buying program when they meet this week was effectively erased with Prime Minister Boris Johnson’s ...

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• 2 November

  Goldman asks most London staff to work from home

  Bloomberg Goldman Sachs Group Inc. has informed staff that only ‘in-office essential’ employees can work from its London office after Boris Johnson announced a new nationwide lockdown to arrest an accelerating second wave of the virus. Goldman has told the vast majority of its more than 5,000 London employees to work from home from November 5, with only essential workers ...

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• 2 November

  Futures advance while oil declines to five-month low

  

  Bloomberg US futures climbed along with most European stocks in a volatile start to a crucial week spanning the US election and a Federal Reserve policy meeting. The picture was mixed across global markets with crude prices and commodity currencies weakening on concern that tougher lockdowns will dent economic growth. In European equities, companies that benefit from people staying at ...

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• 2 November

  Indian stocks volatile ahead of US election, Federal Reserve meet

  

  Bloomberg India stocks swung between gains and losses as investors braced for the impact of the upcoming US Presidential election on global markets. The S&P BSE Sensex declined 0.6% to 39,396.84 as of 10:12 am in Mumbai, after gaining as much as 0.7% earlier, while the NSE Nifty 50 Index slipped by a similar magnitude. Both gauges last week capped ...

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