New Zealand’s central bank is open to increasing the size and scope of its asset-purchase program to boost stimulus as the coronavirus pandemic threatens to throw the economy into a deep recession.
Bank of Queensland Ltd. has become the first Australian bank to delay its dividend after the prudential regulator told lenders to reduce payouts during the coronavirus crisis.
Welcome to Wednesday, Asia. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:
Seth Klarman made $1 billion betting against stocks and corporate credit. That wasn’t enough to prevent his hedge fund from losing money last month.
Company chiefs halting dividends to cope with coronavirus chaos and cutting salaries for rank-and-file staff should think about making sacrifices themselves, according to Britain’s biggest money managers.
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