Bloomberg Business

Denmark may have seen the worst of its housing-market slump and any economic impact should prove less painful than in neighboring Sweden, the country’s central bank governor suggested.

(Bloomberg) — The European Central Bank will reach a peak in interest rates during its next three meetings without necessarily hiking at each one, according to Governing Council member Francois Villeroy de Galhau.

The Bank of England expects to halve the size of its quantitative-easing portfolio to around £400 billion ($500 billion) over the next few years as commercial banks trim their demand for the safest of central bank assets, according to an internal BOE analysis.

Crown Prince Mohammed bin Salman wants to diversify the economy with a tourism boost, but many observers fear the effort will divert attention from Saudi Arabia’s human rights record.

With warning signs already flashing on the health of the US consumer, quarterly earnings from big-box and budget retailers this week will be examined for insight into the depth and duration of the economic slowdown.

Josh D’Amaro, who runs Walt Disney Co.’s theme parks and consumer products business, said the company’s ongoing feud with Florida Governor Ron DeSantis hasn’t hurt business.

SoftBank Group Corp. is working on plans to become a lender in the $1.5 trillion world of private credit.

Mizuho Financial Group Inc. is forging further into US investment banking through a deal to buy Greenhill & Co. as it seeks to accelerate growth.

Aliko Dangote, Africa’s richest person, announced the opening of a mega refinery in Nigeria — seven years late — to a backdrop of skepticism about how fast it will really be able to ramp up.