September, 2020

• 14 September

  ‘Navalny poisoning was assassination attempt’

  

  Bloomberg French President Emmanuel Macron backed Angela Merkel’s demand that Russia clarify the poisoning of opposition leader Alexey Navalny, calling the attack an “assassination attempt” as two more European laboratories found traces of nerve agent Novichok. The comments ratchet up tensions between the European Union and Russian President Vladimir Putin over accusations that Navalny was targeted with the weapons-grade substance. ...

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• 14 September

  West Java to reimpose some movement restrictions

  Bloomberg Indonesia’s most-populous province of West Java plans to reimpose some movement restrictions in areas near the capital after Jakarta’s implementation of tighter curbs from Monday. Local leaders in Bogor, Depok and Bekasi — cities that share a border with Jakarta — can decide to impose their own restrictions, depending on the virus situation in their areas, West Java Governor ...

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• 14 September

  India parliament resumes with PM bracing for virus debate

  

  Bloomberg Indian lawmakers returned to the nation’s parliament for the first time since the start of the pandemic with Prime Minister Narendra Modi’s government bracing for a tumultuous session as the country sets new global records in coronavirus infections, and with a tense border standoff with China dominating the headlines. The worst economic slowdown amid major economies is also expected ...

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• 14 September

  Trump’s envoy leaves China for campaign

  

  Bloomberg The top US diplomat in China, Terry Branstad, is retiring, the American Embassy confirmed on Monday, after President Donald Trump touted the former Iowa governor’s expected campaign help in a key swing state. The embassy’s statement resolved hours of uncertainty about Branstad’s status after Secretary of State Michael Pompeo thanked the envoy for his service in a series of ...

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• 14 September

  Japan’s Suga wins race to replace premier Abe

  

  Bloomberg Japanese Chief Cabinet Secretary Yoshihide Suga was elected leader of the ruling Liberal Democratic Party by an overwhelming majority, ushering in the country’s first change of prime minister in almost eight years. The party, which has ruled mostly uninterrupted since 1955, was set to use its parliamentary majority to install Suga as prime minister in a separate vote on ...

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• 14 September

  Philippine central bank ready to lend more to government

  

  Bloomberg The Philippine central bank is prepared to lend more to the government, helping to boost state funding to counter the impact of the coronavirus pandemic, Governor Benjamin Diokno said on Monday. The comments come days after President Rodrigo Duterte signed into law a measure providing 165.5 billion pesos ($3.4 billion) for pandemic relief. The law allows Bangko Sentral ng ...

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• 14 September

  Riksbank begins its most controversial leg of QE program

  

  Bloomberg Sweden’s central bank will make good on its promise to enter the corporate bond market, as it begins buying 10 billion kronor ($1.1 billion) worth of securities. But the move, which the Riksbank says will rein in funding costs for businesses and help contain credit supply shocks, has courted controversy ever since it was announced in July. Some investors ...

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• 14 September

  Deutsche targets commodity finance for growth in Mideast

  

  Bloomberg Deutsche Bank AG plans to boost lending to commodity traders in the Middle East to help double the size of its regional business. The German lender, which on Monday appointed Loic Voide and Kees Hoving as co-chief executive officers for the Middle East and Africa, is also targeting bond markets for growth in the region. “In the next five ...

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• 14 September

  Norwegian krone’s rally shows signs of stalling

  

  Bloomberg After a blistering rally of 34% from this year’s record low against the dollar, Norway’s krone may be running low on steam. The Scandinavian currency completed a second weekly loss versus both the greenback and euro, in step with declines in the price of oil — Norway’s top export. Furthermore, krone gains in recent months were fuelled in part ...

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• 14 September

  Euro gains blunted stimulus boost to inflation: Lagarde

  

  Bloomberg President Christine Lagarde said the recent appreciation of the euro has partly offset the positive impact that the European Central Bank’s (ECB) stimulus had in boosting inflation and reiterated that policy makers stand ready to adjust all of their instruments if needed. The Governing Council will carefully assess all the information coming from the euro-area economy, including developments in ...

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