China Blacklist, Fed Debt Plan, ECB’s Green Focus: Eco Day

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Welcome to Thursday, Europe. Here’s the latest news and analysis from Bloomberg Economics to help you start the day:

  • President Joe Biden plans to amend a U.S. ban on investments in companies linked to China’s military this week, according to people familiar
  • The Fed plans to begin gradually selling a portfolio of corporate debt purchased through an emergency lending facility launched last year
  • The ECB could tweak bond-buying programs to safeguard its balance sheet against risks from global warming if ratings agencies don’t adjust their own procedures quickly enough, Governing Council member Jens Weidmann said
  • Covax, which distributes Covid vaccines to mostly poor countries, has been saying for a year no one is safe until everyone is. Rich countries may finally be getting the message
  • Global negotiators attempting to rewrite tax rules for the digital era are tussling over a threshold for corporate revenue
  • Two titans of finance are working with hundreds of executives and scientists to set up a global trade in carbon offsets. It’s messy, and time’s running out
  • Prime Minister Boris Johnson’s government is likely to keep tight limits on international travel for the weeks ahead, denting hopes of a major summer revival for aviation and tourism businesses
  • India and the U.K. are intensifying talks to remove non-tariff barriers and foster market access as they work to stitch together the South Asian nation’s first major free-trade pact in a decade
  • As China tries to contain commodity prices, one factor is giving the central bank some breathing room: The link between producer and consumer prices has broken down
  • India’s monetary policy makers will likely maintain interest rates at a record low for a sixth straight meeting, while retaining their dovish bias. Bloomberg Economics’ Abhishek Gupta says look for a commitment to keep an accommodative stance, a boost to QE and more liquidity measures for small companies

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