Bloomberg Business

The biggest new hedge funds are raising more money, at levels not seen since before the pandemic, and the 2024 crop could include one of the largest startups in years.

The Netherlands’s top court ordered the Dutch government to pay more than €805 million ($882 million) to holders of the bonds of a long-dead bank, paving the way for returns of about 1,000% for some funds.

LVMH is shifting resources out of Hong Kong, reflecting waning interest in what used to be Asia’s premium shopping hub as mainland Chinese consumers switch to shopping at home.

Assicurazioni Generali SpA is looking to sell Tua Assicurazioni, a unit inherited from its purchase of a smaller Italian rival, people with knowledge of the matter said.

The People’s Bank of China signaled it may start gradually scaling back some of the stimulus measures implemented during the pandemic as the economy begins recovering and credit demand picks up.

The euro area’s economic rebound gained further momentum in April thanks to resurgent service-sector activity, while the business outlook remains resilient to recent banking-sector stress.

UBS Global Wealth Management has turned bullish on the Japanese yen, wagering that the central bank will consider adjusting its ultra-loose monetary policy stance in the coming months.

Underlying inflation in the euro area is proving to be very strong, but the price gauge, which excludes volatile items, should ultimately slow, according to European Central Bank Vice President Luis de Guindos.

UK businesses reported the fastest growth in a year as spending on holidays and entertainment powered a stronger-than-expected pick-up in momentum.