September, 2020

• 8 September

  Irish PM warns Boris Johnson over Brexit divorce deal

  

  Bloomberg Irish PM Micheal Martin warned Boris Johnson against tampering with the Brexit divorce agreement he signed last year, saying doing so would torpedo any trade deal between Britain and the European Union. “The Withdrawal Agreement is an international treaty, and we expect the UK government to implement and to adhere to what was agreed,” Martin said in an interview ...

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• 8 September

  Abducted Belarus opposition leader detained amid crackdown

  

  Bloomberg Belarus said Maria Kalesnikava, one of the Belarusian opposition’s top organisers, was detained at the border with Ukraine after being reported missing as President Alexander Lukashenko targets leaders of month-long protests against his 26-year rule. Two of Kalesnikava’s colleagues on the united opposition’s coordinating council, spokesman Anton Radniankou and its executive secretary Ivan Krautsou, crossed into Ukraine, leaving Kalesnikava ...

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• 8 September

  Suga kicks off leadership race as favourite in Japan

  

  Bloomberg Japan’s ruling Liberal Democratic Party (LDP) officially started its campaign for a new leader, with the man all but assured to take over from Prime Minister Shinzo Abe praising the democracy that allowed his political rise. Chief Cabinet Secretary Yoshihide Suga, who already has enough backing from the LDP’s powerful factions to win the party vote next week, formally ...

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• 8 September

  Australia central bank to expand QE, may cut rates

  

  Bloomberg Australia’s central bank (RBA) will boost its bond-buying program or cut interest rates to help revive the economy from its first recession in almost 30 years, a survey showed. Seven of 11 economists predict the Reserve Bank will ramp up quantitative easing by expanding its bond purchasing program, with UBS Group AG’s George Tharenou positing that this could begin ...

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• 8 September

  India’s largest bank prices riskiest bond at record-low cost

  

  Bloomberg State Bank of India priced one of the riskiest bank capital securities at a record-low coupon, in the latest sign that investors are confident policy makers’ stimulus steps will help large issuers weather the pandemic. India’s biggest bank will sell 40 billion rupees ($545 million) of the so-called Additional Tier 1 bonds at a coupon of 7.74%. That’s the ...

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• 8 September

  Danish bank set to refund $16m to clients for losses

  

  Bloomberg Danske Bank will pay out as much as $16 million to its private banking clients after failing to warn them that putting their savings into low-risk investments could cost them money. “Our review shows that approximately 900 customers were not adequately informed about the expected negative net return for the affected low-risk strategies,” Bente Nielsen, head of private banking ...

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• 8 September

  Malaysia’s currency facing two key risks after beating Asia peers

  

  Bloomberg The Malaysian ringgit has defied the odds to outperform most of its Asian peers. Now investors will be watching to see if it survives the trials of September. A three-month rally in the currency could come to a halt when FTSE Russell announces a decision on whether it’ll retain ringgit bonds in its World Government Bond Index. A lesser ...

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• 8 September

  MAS to enhance bank access to dollar funding

  

  Bloomberg Singapore’s financial regulator said it will introduce measures to enhance banks’ access to local and US dollar funding to protect the city state’s financial sector against the economic fallout of the coronavirus pandemic. From September 28, the new facility will provide banks and financial firms an additional channel to borrow Singapore dollar funds at longer tenors and will allow ...

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• 8 September

  Credit Suisse may have spied on more staff: Report

  

  Bloomberg Credit Suisse Group AG may have spied on other employees beyond former star banker Iqbal Khan and its ex-head of human resources, Swiss newspaper SonntagsZeitung reported, citing people familiar with the matter and a probe of the bank’s activities by banking regulator Finma. The Swiss bank surveilled a former employee in the US as well as an ex-staff member ...

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• 8 September

  European stocks slide led by tech; US futures erase gain

  

  Bloomberg European stocks dropped after President Donald Trump stoked tensions with China and virus cases across Germany and the UK continued to rise. Treasury yields fall and oil dropped to a two-month low. Technology shares led losses in the Europe Stoxx 600 Index, while the FTSE 100 Index was buoyed by the weaker pound. EasyJet Plc shares slumped after the ...

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