Bloomberg Business

A small Pennsylvania bank has emerged as one of the biggest partners for the crypto industry — albeit a somewhat reluctant one.

Group of 20 finance ministers and central bank governors begin two days of meetings Monday, with participants discussing items including reform of multilateral development banks, debt relief for stressed developing nations and sustainable finance.

Goldman Sachs Group Inc. will refrain from a forecast of its own for Turkish interest rates on Thursday after its economists said they’d “incorrectly argued” for a different direction in policy.

(Bloomberg) — Disappointing economic-growth numbers from China are a reminder to its biggest trading partners to diversify, according to Bundesbank President Joachim Nagel.

The European Central Bank must raise interest rates again this month and will base its decision at the following meeting on data, Governing Council Joachim Nagel said.

Investors in US exchange-traded funds favored Indian stocks more than any other country’s last week as China’s sluggish recovery leaves the South Asian nation as the main growth engine of emerging markets.

Treasury Secretary Janet Yellen said China’s economic slowdown risks causing ripple effects across the global economy, though she doesn’t expect a recession in the US.

US Treasury Secretary Janet Yellen said restrictions the Biden administration is crafting on outbound investments to China wouldn’t significantly damage the nation’s ability to attract US investment.

Brazil’s economy shrank more than expected in May according to the central bank’s main gauge of activity, as President Luiz Inacio Lula da Silva’s government advances key reforms and investors bet on rate cuts.