Bloomberg Business

The Swiss National Bank has further to go to fully tame inflation, according to President Thomas Jordan.

(Bloomberg) — European Central Bank Governing Council member Joachim Nagel said it’s too soon to say whether interest rates have reached their peak as policymakers still face stubborn inflation.

Tax breaks and low interest rates have made the Swiss financial hub one of Europe’s hottest housing markets.

Thailand’s new prime minister vowed to restrict the use of marijuana for medical purposes after thousands of weed shops opened across the country since the nation became the first in Asia to decriminalize cannabis a year ago.

BlackRock Inc. and other money managers spent years rolling out sustainable funds, seeking to capitalize on surging interest in ESG investing. Now they’re abandoning an increasing number of those products in the US amid political backlash and investor scrutiny.

Italian oil and gas group Eni SpA is negotiating with banks on a €3 billion ($3.2 billion) revolving credit facility, a move that could give the company more flexibility in managing its cash needs to fund operations.

Taiwan’s central bank expects the economy to grow this year at the slowest pace since the global financial crisis as trade struggles more than initially anticipated and China’s slowdown weighs on activity, muddying the outlook ahead of a critical presidential election.

Deutsche Bank AG is on track for a third consecutive quarter of declining revenue from trading, the firm’s former growth engine.

Canada, home to the world’s third-largest crude deposits, is poised to reshuffle global oil flows next year.