Bloomberg Business

Philippine Central Bank Chief Signals Long Pause on Rates

Philippine central bank Governor Felipe Medalla signaled an extended pause on interest rates, as easing inflation reduces the odds for more hikes and the economy doesn’t yet need cuts to support expansion.

Lee Murder Weapon Traced by DA to Suspect’s Sister’s Kitchen

The knife found where Silicon Valley executive Bob Lee was stabbed to death in San Francisco tested positive for suspected killer Nima Momeni’s DNA and appears to have been taken from his sister’s unique kitchen cutlery set, a prosecutor said.

China Faces ‘Confidence Trap’ as Economic Recovery Falters

China’s economy is at risk of being caught in a confidence trap as the post-Covid recovery loses steam, presenting Beijing with a problem that can’t easily be solved with traditional tools such as interest rate cuts and infrastructure stimulus.

Hedge Fund Capstone Bets on Volatility From BOJ’s Outlier Policy

US hedge fund firm Capstone Investment Advisors said it’s allocated more risk capital to Japan than ever before, as the central bank’s decision to maintain negative interest rates creates uncertainties that may benefit its volatility trading strategy.

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