Morses Club has signalled that it could cut compensation payouts to borrowers after it became the latest sub-prime lender to warn that its future is threatened by customer complaints over mis-sold loans. Provident Financial and Amigo have already caused controversy by using a legal process called a scheme of arrangement to reduce the amount of […]
Sayuri Shirai, former monetary policy board member at Bank of Japan and professor of economics at Keio University, discusses the Bank of Japan’s policy decision and its impact on the yen and what it means for the economy. The Bank of Japan left its rock-bottom interest rates unchanged as it put concern over the economy […]
Video app TikTok’s owner ByteDance Ltd. has traded in recent weeks at valuations well below $300 billion. That is down at least 25% from last year after investors cashed out of the social media giant with its IPO now on ice. Lulu Chen reports on Bloomberg Television.
Ranil Wickremesinghe was voted in as Sri Lanka’s president backed by a majority of lawmakers from ousted leader Gotabaya Rajapaksa’s party, a development that could reignite street protests in the bankrupt nation. Sudhi Ranjan Sen reports on Bloomberg Television. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: https://www.bloomberg.com […]
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