Bloomberg Business

New Zealand’s aggressive monetary policy tightening is having the desired effect of slowing the economy, Reserve Bank Chief Economist Paul Conway said.

Citigroup Inc. Chief Executive Officer Jane Fraser said mobile apps and consumers’ ability to move millions of dollars with a few clicks of a button mark a sea change for how bankers manage and regulators respond to the risk of bank runs.

Australian cryptocurrency exchange Independent Reserve plans to look more closely at opportunities in Hong Kong as the city pursues a regulatory revamp to create a hub for digital-asset businesses.

Xi Jinping’s meetings in Moscow with Vladimir Putin put the Biden administration in an uncomfortable position: on the sidelines as two adversaries discuss a Ukraine peace proposal that the US has deemed unacceptable.

Tesla Inc. triggered a price war in China that’s poised to reshape the world’s biggest car market, with hefty discounts threatening to drive some automakers out of business.

China’s reopening after three years of Covid Zero is the main source of optimism for commodities markets wracked by a string of bank failures and slowing global growth.

The Bank of England is likely to continue the quickest series of interest-rate increases in three decades to quell a inflation that has accelleated contrary to its expectations.

It took less than two weeks for TotalEnergies SE to put a massive green hydrogen project with Adani Group on hold after the Indian conglomerate was rocked by allegations of fraud.

Traders are accustomed to a bumpy ride whenever Jerome Powell speaks. But when Powell speaks at the same time Janet Yellen is talking to Congress about the health of the banking sector, the turbulence can get overwhelming.

Regulators in Hong Kong and Singapore moved to reassure investors that subordinated debt holders have priority over equity holders in the event of a bank being wound up, joining global peers in seeking to remove uncertainty.