News

Offer seen as not strong enough to protect BNO passport holders from China’s security law

The European Commission has proposed setting up a 15-billion-euro ($16.6 billion) fund to invest in strategic companies that have been weakened by the COVID-19 crisis.

Intesa Sanpaolo should clarify in a legally binding document that its takeover offer for smaller rival UBI Banca is still valid, UBI CEO Victor Massiah said in a newspaper interview.

The World Bank Group approved a $500 million loan for the Philippines to help it cope with the economic impact of the novel coronavirus pandemic, the Bank said on Friday.

Philippine stocks jumped nearly 5% on Friday amid last minute buying of blue-chip shares, while most other Southeast Asian markets closed up as several local economies are set to re-open after weeks under lockdown. Markets in Southeast Asia largely ignored global concerns around a...

The number of overnight stays by tourists in Portugal dropped 98.3% to nearly 71,000 last month from the previous year, showing the sector's collapse as lockdowns to contain the spread of the coronavirus grounded flights and kept visitors away.

European Central Bank Governing Council member Ignazio Visco said on Friday policy makers had to head off deflationary risks from the abrupt halt to economic activity in the coronavirus lockdown as data from Italy showed prices fell in May.

Denmark's state prosecutor has dropped its investigation into whether accountant EY breached anti-money laundering laws in connection with its audit of Danske Bank, the Danish Business Authority (DBA) said on Friday.

Federal Reserve Chair Jerome Powell will speak in a public webcast on Friday, with the details of the U.S. central bank's coronavirus-era programs nearly complete and attention turning to the next phase of its response: a likely restart of large-scale bond-buying and promises about how long it might continue.