Bloomberg Business

Citigroup Inc. Chief Executive Officer Jane Fraser visited Beijing this week, joining other Wall Street executives to travel to China despite growing geopolitical tensions with the US.

The global economy is set for a weak recovery from the shocks of Covid and Russia’s war in Ukraine, dogged by persistent inflation and the restrictive policies of major central banks seeking to contain price pressures, the OECD said.

Secretary of State Antony Blinken plans to visit China in the coming weeks for talks with top officials, possibly including President Xi Jinping, people familiar with the matter said, as the US looks to resume high-level communication despite continued tensions.

Inditex SA’s first-quarter earnings beat analysts’ expectations, thanks to bigger Zara stores that are encouraging shoppers to buy more of the Spanish company’s fashions.

A gauge of leveraged activity in China’s money market has notched another record as onshore financial institutions take advantage of ample liquidity to boost borrowing.

Australia’s bond market is showing serious concern the central bank will hike the country into a recession.

India’s monsoon rains will likely start in 48 hours after a severe storm delayed the weather event vital for the economy.

After a roller-coaster year in China in which Amundi SA still eked out a profit, Europe’s biggest money manager is eying a more stable prize: a slice of the fledging pension market that may one day be worth $25 trillion.

The Confederation of British Industry won the support of 93% of members who voted in Tuesday’s poll to decide its future, as the scandal-hit lobby group fights for survival.