Bloomberg Business

(Bloomberg) — Bank of Japan watchers see a policy shift coming much sooner than previously thought, following December’s yield band adjustments that rocked global financial markets. 

(Bloomberg) — Congressional Democrats added to pressure on President Joe Biden to kick Jair Bolsonaro out of the country, even as US officials stick to a wait-and-see approach in hopes that the former Brazilian president will make good on a promise to return home on his own.

Big banks are stuck with about $40 billion of risky debt on their books — blocking the M&A machine that’s enriched bankers and private-equity executives over the past decade 

Singapore’s nascent art scene perks up as rich collectors and international galleries descend on the city-state for a new art fair.

US regulators sued crypto brokerages Genesis Global Capital and Gemini Trust Co. for breaking securities rules.

(Bloomberg) — Southwest Airlines Co. is enlisting outside help, including General Electric Co. and consultant Oliver Wyman, in an effort to prevent a recurrence of problems that led to days of flight disruptions last month.

Apple Inc. is cutting Chief Executive Officer Tim Cook’s compensation by more than 40% to $49 million in 2023, citing investor guidance and a request from Cook himself to adjust his pay.

New York City Mayor Eric Adams on Thursday proposed a $102.7 billion budget for this coming fiscal year, offering few details while pushing through further cuts to the city’s workforce as the economy slows, Wall Street slashes jobs, and inflation remains high.

Peru extended its biggest-ever phase of monetary tightening Thursday in a bid to curb a spike in inflation that is now being aggravated by anti-government protests and road blockades.

(Bloomberg) — Avaya Holdings Corp. has held talks with lenders over a plan that could hand them control of the company as part of a bankruptcy filing, according to people with knowledge of the situation.