Bloomberg Business

Malaysian Party’s Purge of Senior Leaders Fortifies Chief’s Grip

Malaysia’s Deputy Prime Minister Ahmad Zahid Hamidi strengthened his hold over one of the nation’s ruling parties after purging or sidelining senior leaders on Friday, but analysts say the move will do little to bolster his bloc’s popularity.

Australia’s Chalmers Looks to Revamp Markets, Institutions

Treasurer Jim Chalmers pledged to deliver “values-based capitalism” in Australia by revamping markets, renovating institutions and urging the private sector to co-invest with the government as the global economy confronts an inflation crisis.

Fed Set to Shrink Rate Hikes Again as Inflation Slows

Federal Reserve officials are set to shift down the pace of interest-rate hikes again in the coming week amid signs of slowing inflation, while Friday’s jobs report may show steady demand for workers that improves the chances of a soft landing for the world’s largest economy.

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