ECB’s €5 Trillion Problem Forces a Rethink of How Policy Is Run
European Central Bank officials weighing whether they’ve raised borrowing costs far enough are confronting a related challenge: how to ensure their policy continues to work.
Bloomberg Business
European Banks’ Bumper Profits Overshadowed by Global Tensions
Bank profits in Europe likely reached their highest point since the financial crisis this year, climbing in lockstep with interest rates. As the economic outlook darkens amid unfolding geopolitical crises, the focus this earnings season could now turn to margin pressure and signs of souring loans.
War’s Economic Toll Steals Spotlight From Israel Interest Rates
Israel is set to offer its first accounting of the toll on the economy from the violent conflict with Hamas, as the central bank reviews interest rates just over two weeks after attacks by the militant group forced emergency measures to stabilize markets.
Japan’s Carmakers Stage Show to Demonstrate Real EV Ambition
The pressure is on domestic carmakers at this week’s Japan Mobility Show to prove they’re serious not only about going carbon neutral, but also revolutionizing the way people and goods move around.
China Plans Twice-a-Decade Financial Policy Conference Next Week
China plans to convene a key financial policy gathering which takes place once every five years early next week to prevent risks and set medium-term priorities for the $61 trillion industry, according to people familiar with the matter.
Australia Gender Bias Costs Economy $80 Billion, Taskforce Says
Australia needs urgent legislative changes to end economic inequality between men and women, a government taskforce found, highlighting the problem costs the economy A$128 billion ($80 billion) a year.
Venezuela Opposition Primary Results Delayed as Server Blocked
Venezuela’s opposition primary results will take longer than expected because a server was blocked during the tallying of votes, according to organizers.
War Leaves Saudi Prince’s Dream of a New Mideast in Tatters
The Future Investment Initiative starts in Riyadh on Oct. 24 — and the annual event risks being overshadowed by the Israel-Hamas war.
Argentina Markets Brace for Selloff After Massa Forces Runoff
Argentina investors again braced for a selloff after Economy Minister Sergio Massa did better than forecast in Sunday’s presidential vote, dashing hopes for an outright win by a more market-friendly candidate.
Yen Breaches 150 Per Dollar Again, Raising Intervention Risk
The yen briefly weakened beyond 150 against the dollar again as the wide yield gap between Japan and the US continues to weigh on this year’s worst-performing major currency.
