Bloomberg Business

CMC Markets Plc shares slumped as much as 20% after the financial derivatives dealer’s full-year guidance fell short of estimates.

China’s yuan has bottomed out and is set to recover as investors unwind bullish dollar bets in anticipation of slower US growth and an end to Federal Reserve tightening, according to the wealth arm of Standard Chartered Plc.

China unveiled a further easing of its mortgage policies to halt a slump in its residential property market and revive growth in the world’s second-largest economy.

China’s securities regulator plans to convene a meeting with some of the world’s biggest asset managers on Friday, its latest attempt to shore up confidence after a record stretch of outflows by foreign funds.

While Iran and the US make wary diplomatic overtures, a return to their lapsed nuclear agreement remains a distant prospect. But for world oil markets, a pact is already taking effect.

Heineken NV said it completed a deal to sell its assets and leave Russia, becoming one of the few consumer companies to successfully withdraw since Vladimir Putin’s government shifted rules to make exiting the country more difficult.

Russia said it downed 42 drones and a missile fired by Ukraine, the largest single attack involving unmanned vehicles at the end of a week of almost daily strikes, a small retaliation as Moscow’s war against its neighbor drags into its 19th month.

European Central Bank Governing Council member Joachim Nagel said that he’s not convinced inflation is under control enough for a halt in interest rate hikes, with his decision hinging on additional data in the coming weeks.

UK energy bills are set to fall from October though millions of households could still face higher costs in the coming months, following the phase-out of government support.

PAG Asia Capital has lined up A$900 million ($577 million) worth of senior-debt financing for the purchase of bar owner Australian Venue Co., according to people familiar with the matter.