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Bloomberg The White House is exploring whether President Donald Trump can act on his own to extend enhanced unemployment benefits and eviction protection if lawmakers fail to act, people familiar with the matter said. The White House is concerned about the economic impact of the $600 a week supplemental benefits, the people said, as Democrats and Republicans have been unable ...

Bloomberg Portugal is in talks with the British government to try to lift a rule that requires anyone arriving in England from the southern European country to self-isolate for two weeks. Rita Marques, Portugal’s secretary of state for tourism, said in a Bloomberg Television interview on Monday that she wasn’t sure when the UK would revise its quarantine rule even ...

Bloomberg President Donald Trump was expected to sign an executive order that would bar federal agencies from dismissing US citizens or green card holders and replacing them with foreign workers. The order will increase scrutiny of federal contractors’ use of H-1B visas to bring in temporary foreign labor for high-skilled jobs rather than relying on American workers, according to an ...

Bloomberg HSBC Holdings Plc is speeding up the shakeup of its global business after warning that the economic fallout from the coronavirus pandemic may trigger loan losses of as much as $13 billion this year. The Asia-focused lender missed estimates after reporting first-half profit that halved to $5.6 billion because of higher credit provisions. The bank said it is looking ...

Bloomberg Bank of England (BOE) policy makers are set to keep delivering ultra-loose monetary policy even as they disagree over the pace of economic recovery from coronavirus-triggered recession. While officials led by Governor Andrew Bailey have different takes on how the economy is emerging from the pandemic shock, the next policy decision on Thursday is expected to leave interest rates ...

Bloomberg Goldman Sachs Group Inc. and Bank of America Corp. (BofA) were left off Ant Group’s upcoming stock sale in Hong Kong because of their past work with rivals of its affiliate Alibaba. Bankers have been told by senior executives at Alibaba Group Holding, which owns a third of Ant, that they should refrain from doing deals for its competitors if ...

Bloomberg Societe Generale SA swung to a surprise $1.5 billion loss because of charges at its trading unit, extending a losing streak that’s set to increase pressure on Chief Executive Officer Frederic Oudea. The French lender posted almost 1.33 billion euros in one-off costs following a review of the global markets and investor services business, including a 684 million-euro writedown. ...

Bloomberg Australia’s central bank staff will be working around the clock to factor in the latest data from Victoria state’s spiralling Covid crisis into economic projections ahead of Tuesday’s policy meeting and Friday’s forecasts publication. Reserve Bank Governor Philip Lowe is set to keep interest rates and the three-year yield target unchanged at 0.25%, most economists say, and reiterate a ...

Bloomberg Bandhan Bank Ltd.’s main shareholder sold $1.4 billion of its stake in India’s most profitable bank to meet the regulator’s ownership rules. Bandhan Financial Holdings Ltd. sold 337.4 million shares in the Indian lender at 313.1 rupees in a block trade on Monday, according to deal teams seen by Bloomberg News. The company’s shares plunged 11% to 307 rupees ...

Bloomberg European equities climbed after falling the most since March in July as euro-area manufacturing returned to growth. The Stoxx Europe 600 Index was up 0.2%, led higher by the media and tech sectors. Banks were the worst performers, with HSBC Holdings Plc down 3.8% after first-half pretax profit missed estimates and more than halved to $5.6 billion, while Societe ...