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Bloomberg Bank of Thailand’s new governor said he’s looking into new measures to boost the economy as it faces a long and uneven road to recovery from the coronavirus pandemic. The policy response to the economic crisis should be long term, factoring in challenges likely to arise over the next two years, Governor Sethaput Suthiwart-Narueput told reporters at his first …

Bloomberg Australia’s central bank (RBA) said further policy easing is likely to “gain more traction” as restrictions are lifted across the economy and agreed the governor would flag the shift to targeting actual over forecast inflation. “As the economy opens up, members considered it reasonable to expect that further monetary easing would gain more traction than had been the case …

Bloomberg Environmental activists and economists claim there’s a way for the European Central Bank (ECB) to account for climate risks in its stimulus programs without the time-consuming preparatory work officials often say is needed. Just last week, ECB President Christine Lagarde said her institution must question whether “market neutrality” is appropriate in light of environmental risks. As far as researchers …

Bloomberg Goldman Sachs Group Inc. sent some workers at its London office home after two employees tested positive for Covid-19. The staffers work on the fourth and fifth floors of Plumtree Court, and their close contacts have been notified, according to a memo sent to staff last week. The two employees, who last were in the building, are in self-isolation, …

Bloomberg Treasuries dropped alongside the dollar amid speculation that Washington lawmakers have made some progress on a stimulus package to be financed by trillion-dollar borrowing. The US 10-year yield broke above 0.8% to a four-month high and European bonds followed suit after Democrat House Speaker Nancy Pelosi expressed hope for political compromise on a stimulus bill this week. Outside of …

Bloomberg European equities may not catch a break from being stuck in neutral as they head into a volatile end of the year, according to strategists surveyed by Bloomberg. The Stoxx Europe 600 Index will end the year at 371 points, leaving just 1% upside against Tuesday’s close, based on the average of 18 strategists polled in the study. They …

Bloomberg Oil extended declines as Opec+ warned of a precarious outlook for the market while a resurgent virus hits consumption. Saudi Arabia’s Energy Minister Prince Abdulaziz bin Salman, speaking at the coalition’s committee meeting called on the group to be proactive in the face of uncertain demand. The comments are strengthening expectations that Opec and its allies will delay plans …

Bloomberg Cathay Pacific Airways Ltd will cut 6,000 jobs and close its Cathay Dragon brand, the South China Morning Post reported, as part of a strategic review to combat the deep damage caused by the coronavirus pandemic. The Hong Kong-based airline is expected to officially announce the plan after the market close on Wednesday, the newspaper said. It initially planned …

Bloomberg Southeastern Grocers Inc, the owner of the Winn-Dixie and Fresco supermarket chains that emerged from bankruptcy two years ago, has filed for an initial public offering. The Jacksonville, Florida-based grocer in its filing with the US Securities and Exchange Commission listed an offer size of $100 million, a placeholder that will likely change. Existing investors will be selling some …

Bloomberg India is ready to sweeten the deal for the sale of Air India Ltd, the loss-making state-owned carrier, a finance ministry official said. The government is considering allowing potential suitors for Air India decide how much of the flag carrier’s debt they want to take on as part of the deal, Disinvestment Secretary Tuhin Kanta Pandey said in an …