Page 181 - Bon News Today

India Plans Stimulus Package to Support Economic Growth May 25 2021, 3:56 PM May 25 2021, 11:25 AM May 25 2021, 3:56 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. India is preparing a stimulus package for sectors worst affected by a deadly coronavirus wave, aiming to support an economy strugg...

Booming Pipeline of IPO Deals Is Said to Get Push From Abu Dhabi May 25 2021, 10:52 PM May 25 2021, 9:30 AM May 25 2021, 10:52 PM (Bloomberg) -- (Bloomberg) -- Abu Dhabi is dangling incentives to revive initial public offerings after a dry spell of nearly four years that’s defied the rally in global stock markets. The Abu Dhabi Securities Exchange, owned by wealth fund ADQ, is reaching out to state-run firms and family-owned companies, according to people familiar with the process. The b...

The Upside-Down World of Negative Bond Yields Is Getting Smaller May 25 2021, 12:47 PM May 25 2021, 9:31 AM May 25 2021, 12:47 PM (Bloomberg Businessweek) -- Fewer bond investors are having to pay for the privilege of lending out their money. (Bloomberg Businessweek) -- Fewer bond investors are having to pay for the privilege of lending out their money. For the first time in years, the global supply of debt with a negative yield is in meaningful decline. The trend is strongest in Eu...

May 25 2021, 11:03 PM May 25 2021, 9:30 AM May 25 2021, 11:03 PM (Bloomberg) -- Iceland will get a new airline next month as startup Play Air seeks to capitalize on the island’s recovery from the coronavirus crisis and inclusion on the U.K.’s green list for quarantine-free travel. (Bloomberg) -- Iceland will get a new airline next month as startup Play Air seeks to capitalize on the island’s recovery from the coronavirus crisis and inclusion on the U.K.’s green list for quar...

(Bloomberg) -- Ant Group Co. has suspended issuance of securities backed by online loans as Jack Ma’s financial technology giant overhauls its business to meet stringent new rules for the sector, people familiar with the matter said.

Nigeria Devalues Naira on Migration to Single Exchange Rate May 25 2021, 11:26 PM May 25 2021, 3:04 PM May 25 2021, 11:26 PM (Bloomberg) -- (Bloomberg) -- Nigeria’s central bank devalued the naira by 7.6% against the dollar as authorities in Africa’s biggest oil producer migrate toward a single exchange-rate system for the local currency. The Abuja-based Central Bank of Nigeria replaced the fixed rate of 379 naira to a dollar used for official transactions with the more flexible naf...

Mainstream Markets Shrug at Volatile $1 Trillion Crypto Rout May 24 2021, 6:38 PM May 24 2021, 2:02 PM May 24 2021, 6:38 PM (Bloomberg) -- (Bloomberg) -- Traditional assets are riding out the cryptocurrency storm so far, a sign that mainstream exposure to volatile digital tokens may be comparatively limited. MSCI Inc.’s global equity gauge edged up last week even as the Bloomberg Galaxy Crypto Index endured a near 40% plunge, the worst since the onset of the pandemic last March. Treasuri...

Follow the latest coronavirus data, vaccination updates & more from around the world.

Europe’s Risky Bonds Tempt Traders as ECB Signals No Taper Yet May 23 2021, 11:20 AM May 23 2021, 9:30 AM May 23 2021, 11:20 AM (Bloomberg) -- A battle is raging in Europe’s riskiest government-bond markets between fear that central bank support is waning and desire to snap up some of the region’s most lucrative assets. (Bloomberg) -- A battle is raging in Europe’s riskiest government-bond markets between fear that central bank support is waning and desire to snap up some of...

Let me begin by stating how privileged I am to be here at this unique gathering to honour the memory of recently departed leaders in the media.