Bloomberg Business

Indonesia’s parliament passed a law tasking the central bank to directly finance the budget in times of crisis, just as it had been doing since the pandemic, as part of a broader revamp of financial sector rules.

(Bloomberg) — Oil slipped after rallying almost 9% over the previous three sessions as TC Energy Corp. restarted a section of the Keystone pipeline, allowing for some flows to resume on the major conduit.

Elon Musk, who lost his No. 1 spot on Bloomberg’s ranking of the world’s richest people this week, unloaded Tesla Inc. stock for the fourth time this year.

One of Asia’s best-performing bond funds says the yen is the “main vehicle” investors should target when the last anchor to the world of rock-bottom interest rates lifts off.

(Bloomberg) — US regulators took the first step toward the most widespread revamp in more than a decade of the way stocks are traded, a move that aims to spur better prices for investors and direct more business to traditional exchanges.  

(Bloomberg) — Investors are priming for Asian equity benchmarks to mirror declines in US stocks after the Federal Reserve raised interest rates and reduced its economic growth forecast.

Bank of New York Mellon Corp. will award employees 10 shares of stock each, becoming one of the few Wall Street firms to extend such a benefit to its global workforce.

Asian stocks are poised to open on the back foot Thursday as US stocks fell after the Federal Reserve signaled interest rates will climb higher than anticipated next year.

(Bloomberg) — New Zealand’s economy grew more than twice as much as economists expected in the third quarter, underscoring the difficulty the central bank faces in trying to damp demand to curb inflation.