Page 177 - Bon News Today

Portugal Lifts Rule on Working Remotely After Outbreak Eases Jun 02 2021, 8:59 PM June 02 2021, 8:44 PM June 02 2021, 8:59 PM (Bloomberg) -- Portugal will no longer require people to work remotely as it continues to ease confinement measures after the number of new Covid-19 cases eased and the vaccination campaign advances. (Bloomberg) -- Portugal will no longer require people to work remotely as it continues to ease confinement measures after the number of new Covid-19 cases eased and the vacc...

(Bloomberg) -- Germany is leaning toward participating in Deutsche Lufthansa AG’s pending capital increase, according to people familiar with the matter, a move that would boost the airline’s plan to refinance its 9 billion-euro ($11 billion) bailout package.

U.S. to Freeze Funding for Ethiopia as Tigray Abuses Surface May 31 2021, 9:14 AM May 28 2021, 8:06 PM May 31 2021, 9:14 AM (Bloomberg) -- The U.S. has asked multilateral development banks to suspend funding to Ethiopia as fresh reports of human rights abuses surfaced from the war-torn Tigray region. (Bloomberg) -- The U.S. has asked multilateral development banks to suspend funding to Ethiopia as fresh reports of human rights abuses surfaced from the war-torn Tigray region. The unending confli...

(Bloomberg Opinion) -- On Sept. 16, 2008, the day after Lehman Brothers filed for bankruptcy, the Reserve Primary Fund “broke the buck”: Its net asset value fell below $1 per share.

India Won’t Get a V-Shaped Recovery This Time Jun 01 2021, 6:06 PM June 01 2021, 10:53 AM June 01 2021, 6:06 PM (Bloomberg Opinion) -- The V-shaped economic recovery that India’s policy makers obsessed over in 2020 did eventually materialize. It won’t be repeated after this year’s Covid-19 carnage. (Bloomberg Opinion) -- The V-shaped economic recovery that India’s policy makers obsessed over in 2020 did eventually materialize. It won’t be repeated after this yea...

(Bloomberg) -- U.S. manufacturing expanded at a faster pace in May, propelled by stronger orders growth that underscores sustained, robust demand. A measure of factory activity rose to 61.2 from 60.7 a month earlier, according to data released Tuesday by the Institute for Supply Management.

Sweden Wants Riksbank to Identify Climate Threats, Expand Focus May 30 2021, 11:00 PM May 28 2021, 1:19 PM May 30 2021, 11:00 PM (Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. (Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. The Swedish central bank will by law have to identify threats against sustainable development and consider issues such as...

Bitcoin Unlikely to Dodge Regulation for Long, Sweden Says Jun 01 2021, 10:38 PM June 01 2021, 12:09 PM June 01 2021, 10:38 PM (Bloomberg) -- (Bloomberg) -- Bitcoin and other cryptocurrencies are unlikely to escape regulatory oversight as supervisory authorities respond to the sheer popularity of the phenomenon, according to the governor of Sweden’s central bank. Though monetary policy officials have voiced near universal skepticism toward Bitcoin and its rivals, cryptocurrencies have co...

China Limits Issuance in $63 Billion Mortgage-Backed Debt Market Jun 01 2021, 1:45 PM May 31 2021, 1:46 PM June 01 2021, 1:45 PM (Bloomberg) -- China is beginning to curb issuance of securities backed by residential mortgages, expanding efforts to rein in runaway property prices and household debt, people familiar with the matter said. (Bloomberg) -- China is beginning to curb issuance of securities backed by residential mortgages, expanding efforts to rein in runaway property prices and househ...

China Is Digging Deep Into Its Currency Toolkit to Manage Yuan Jun 02 2021, 3:33 AM June 01 2021, 2:29 PM June 02 2021, 3:33 AM (Bloomberg) -- As China’s central bank pulls back from direct intervention in its currency market, officials are reverting to old tools to manage the yuan. (Bloomberg) -- As China’s central bank pulls back from direct intervention in its currency market, officials are reverting to old tools to manage the yuan. The People’s Bank of China on Monday said th...