The European Central Bank shouldn’t delay interest-rate cuts because doing so can just end up forcing more drastic action at a later stage, Governing Council member Fabio Panetta said. from Bloomberg Markets https://ift.tt/Y9LmWcB
A former Deutsche Bank AG investment banker was ordered to spend more than three years behind bars for running a Ponzi-like scheme in which he promised investors “guaranteed” returns in cryptocurrency. from Bloomberg Markets https://ift.tt/3cKsHjA
JPMorgan Chase & Co. is in talks to arrange a three-year loan of about HK$8.95 billion ($1.1 billion) for two distressed Chinese builders, according to people familiar with the matter, as the companies work to clear a restructuring hurdle. from Bloomberg Markets https://ift.tt/vultYGZ
Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we’ll tell you what matters for investors in Europe, giving you insight before trading begins. On today’s guests: Lithuanian Prime Minister,…
Mass Ave Global Inc. and its co-founder Winston Feng agreed to pay a combined $600,000 in fines to settle US Securities and Exchange Commission proceedings for “making false and misleading statements” to investors in its flagship Asia hedge fund, according to the regulator. from Bloomberg Markets https://ift.tt/Urb1P3F
Mark Cudmore and Kriti Gupta break down today’s key themes for analysis and investors on “Bloomberg Markets Today.” (Source: Bloomberg) from Bloomberg Markets https://ift.tt/dcrv92S
HSBC Holdings Plc is pushing to wrap up the search for a chief executive officer in the coming weeks, with the bank edging toward appointing its next boss from within its own ranks. from Bloomberg Markets https://ift.tt/OMlyn2m
Turkey’s economy grew at a faster pace to start the year, remaining immune to a series of aggressive interest-rate increases meant to muffle domestic demand. from Bloomberg Markets https://ift.tt/5yLFA0e
In April, Ukrainian farmer Yurii Sekh was looking forward to a good wheat harvest. One of the driest Mays in the region’s records dashed those hopes. It also sent prices for the staple grain soaring, reviving fears of rising food costs. from Bloomberg Markets https://ift.tt/847gfDN
French inflation quickened for the first time this year — mirroring trends elsewhere in the region just as the European Central Bank prepares to lower interest rates. from Bloomberg Markets https://ift.tt/b5yptF6