Bloomberg Business

The German Democratic Republic’s last communist leader, Hans Modrow, passed away on Friday at the age of 95.

One of the world’s biggest commodity traders faces more than half a billion dollars in losses from what it described as a ‘systematic fraud’ involving missing nickel.

The Trans-Java toll road, a 1,167-kilometer (725-mile) expressway snaking across Indonesia’s main island, is meant to be part of President Joko Widodo’s legacy-defining infrastructure push that helps bring the country’s economy into the 21st century.

When Ulrich Koerner unveiled a plan to salvage Credit Suisse Group AG in October, the chief executive officer promised to create a new bank. His subsequent failure to reverse a stampede of client funds has raised doubts that “new” means “better.”

(Bloomberg) — The European Central Bank still doesn’t have visibility on what will happen in May after a likely half-point hike in interest rates next month, Governing Council member Ignazio Visco said.

Central bankers in Mexico and Iceland stepped up their effort this week to quash inflation, boosting interest rates further into restrictive territory.

Nestlé SA must pay a former executive 2 million Swiss francs ($2.16 million) after she was bullied and forced out of the company, the newspaper Tages Anzeiger reported, citing a local appeals court ruling.

Sweden’s Riksbank came out fighting with its call for a stronger krona, but many see the currency ultimately hamstrung by economic reality.