September, 2020

• 27 September

  S Korea calls on Kim for joint probe into shooting

  

  Bloomberg South Korea invited North Korean leader Kim Jong-un to participate in a joint probe into the fatal shooting of one of its nationals north of the border, after the regime warned South Korea over its maritime search for the body. North Korea should be “open-minded” towards investigating the incident as soon as possible, given the differences between the two ...

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• 27 September

  Trump raises vote prospect going to Congress

  

  Bloomberg Donald Trump expressed confidence he would be re-elected president if Congress has to break an Electoral College tie in the 2020 election. “I don’t want to end up in the Supreme Court and I don’t want to go back to Congress either, even though we have an advantage when we go back to Congress,” Trump said at a rally ...

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• 27 September

  Hong Kongers seek UK BNO passports

  

  Bloomberg Hong Kong residents renewed or applied for British National (Overseas) passports in record numbers last year as anti-government protests erupted in the city, according to the South China Morning Post. The 154,218 BNO passports issued in 2019 is an eightfold jump from the year earlier, the newspaper reported, citing British government data. The authority also recorded 32,813 renewals by ...

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• 27 September

  Pyongyang says it warned Seoul over maritime search

  Bloomberg North Korea warned South Korea about a maritime search operation it says entered its territorial waters, state news agency KCNA reported, citing a statement from the Korean Central News Agency. “We don’t care whether the south side conducts any kind of search operation in its territorial waters or not,” North Korea said. “But we can never overlook any intrusion ...

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• 27 September

  BofA’s $2b bond aims to curb race inequality, spur market

  

  Bloomberg Bank of America Corp. (BofA) issued a $2 billion bond that aims to advance racial equality. The initiative, backed by Vice Chairman Anne Finucane and Chief Operating Officer Tom Montag, is the company’s eighth environmental, social and governance-themed bond, bringing its total issuance in the category to almost $10 billion, the bank said in a statement. The offering, which ...

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• 27 September

  Goldman to move 100 workers from London

  

  Bloomberg Goldman Sachs Group Inc. is asking just over 100 staff to move from London to other European cities in preparation for Brexit. Goldman Sachs employees who work in areas including sales and trading, deal-making and private wealth management are being asked to sign new contracts and to prepare to relocate in time for January 1, according to a person ...

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• 27 September

  Westpac’s Evans jolts Australian markets with RBA rate-cut call

  

  Bloomberg Australia’s bonds and stocks rallied after influential economist Bill Evans threw his weight behind calls that the central bank will cut interest rates next month when the government unveils its budget plans. The currency tumbled. Yields on the three-year bond drop as much as seven basis points to a record low of 0.14%, while the benchmark stock index gained ...

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• 27 September

  Credit Agricole scouts for takeover targets in Italy

  

  Bloomberg Credit Agricole SA, France’s second-biggest lender, is scouting for potential acquisitions in Italy as banking deals accelerate in Europe, according to people familiar with the deliberations. The French firm has discussed purchases of small and mid-sized banks in Italy, said the people, who asked not to be identified because deliberations are private. Potential targets include Banco BPM SpA as ...

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• 27 September

  Deutsche revamps work-from-home rule in permanent shift

  

  Bloomberg Deutsche Bank AG is revising its work-from-home policies in an effort to permanently reduce office space, adding to a growing number of lenders that are using lessons learned from the pandemic to lower costs. The bank’s leadership is working on a new “hybrid model” for how staff can split work between the office and their homes, Chief Executive Officer ...

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• 27 September

  Colombia cuts key rate for seventh time

  Bloomberg Colombia’s central bank cut interest rates to a record low in a split decision after inflation slowed below its target and the weak recovery left a quarter of urban workers still jobless. Four of the bank’s seven-member board voted to reduce the benchmark rate by a quarter percentage point to 1.75%, Governor Juan Jose Echavarria said after the meeting. ...

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