The New Development Bank, the lender created by the BRICS group of nations, will widen its membership as it seeks to boost its capital and counter the influence of Western-dominated multilateral banks.
Japan’s top currency official warned that the government would take action if needed in comments that follow a weakening of the yen to its lowest levels since last November.
The Big Tech rally of this year has further to run as the risk of a US recession drives investors into stocks that offer profitable growth in lean times, according to the latest Markets Live Pulse survey.
The US and the European Union slammed a new law that allows Poland’s ruling party to probe opposition leader Donald Tusk, saying the legislation could be misused to interfere with a tightly contested election this year.
The euro area’s markets could see “stressed liquidity” due to heightened economic uncertainty, monetary policy normalization and tighter financial conditions, according to the European Central Bank.
Thailand’s Move Forward Party-led coalition set up a power transition team as it prepares to form the next government after sweeping the May 14 election.
Turkish President Recep Tayyip Erdogan has promised a team with “international credibility” to manage the nation’s finances. Given his influence over everything from interest rates to infrastructure, how much credibility remains is unclear as market pressure builds.
Kosovo’s government rejected a demand from Serbia that it withdraw new mayors who were elected in a disputed ballot, deepening a standoff that triggered violence between protesters and NATO peacekeepers.
Asda agreed to buy EG Group’s UK and Ireland gas-station business in a move that aims to create a convenience retailing empire in one of the world’s most competitive food markets.
Canary Wharf became the latest symbol of the global real estate downturn, with Moody’s downgrading the debt of the landlord and forecasting a challenging funding environment for at least the next year.
