Banks and building societies will have to do more to look at the impacts of reductions to their services, such as cutting branch opening times, under new proposals from the City regulator. The Financial Conduct Authority said some banks and building societies are not doing enough to understand the impact of the changes they make […]
Automaker Stellantis NV said on Tuesday it will begin an indefinite layoff starting next week at its Sterling Heights stamping plant in Michigan. Read More
SHANGHAI — China’s central bank rolled over maturing medium-term policy loans on Wednesday, while keeping interest rates unchanged for a fifth straight month, matching market expectations. Read More
SINGAPORE — Software firm MicroStrategy said it has not received a margin call against its bitcoin-backed borrowing on Wednesday, and it has plenty of extra collateral to pledge if necessary. Read More
HONG KONG — The dollar held near its overnight 20-year peak on Wednesday ahead of the outcome of the Federal Reserve policy meeting at which markets are pricing in an outsized 75 basis point interest rate hike as policymakers try to rein in rampant inflation. Read More
Capitulation: Are we there yet? That was Tuesday’s question of the day posed to Jordan Jackson, J.P. Morgan asset management global market strategist. He speaks with Alix Steel and Guy Johnson on “Bloomberg Markets: Americas.”
The bear market for bitcoin is now in its darkest phase, according to industry watcher Glassnode. The leading digital coin appears to have stabilized a bit after falling about 30% this month. Su Keenan reports on Bloomberg Television.
On Bloomberg’s ‘Balance of Power’ with David Westin, Richard Haass, Council on Foreign Relations president, on Russia-Ukraine war and China-U.S. relations; Andre Dickens, Mayor of Atlanta, on gun legislation; Sarah House, Wells Fargo senior economist, on the Fed’s expected rate hike; Bharat Ramamurti, National Economic Council, deputy director, on inflation and Fed rates.
Prime Minister Narendra Modi will chair the first national conference of chief secretaries at Dharamshala on Thursday and Friday to prepare a common development agenda for higher economic growth, ahead of the Governing Council Meeting of Niti Aayog later in the year. The conference of chief secretaries will be held at the Himachal Pradesh Cricket […]