Bloomberg

BusinessDesk publishes select articles from international news service Bloomberg, which has more than 1000 journalists spread around the globe.
Fed hikes rates by quarter point, Powell hints at possible pause
World

Fed hikes rates by quarter point, Powell hints at possible pause

US Fed chair Jerome Powell said support for the 25 basis-point rate increase was “very strong across the board”.

Bloomberg 04 May 2023
Australia signals further tightening after unexpected rate hike
World

Australia signals further tightening after unexpected rate hike

The Reserve Bank of Australia increased its cash rate to 3.85%, the highest level since April 2012, in a decision predicted by only nine of 30 economists. 

Bloomberg 03 May 2023
JPMorgan jumps to the rescue at First Republic – for a price
World

JPMorgan jumps to the rescue at First Republic – for a price

The deal hasn’t come cheap for anyone, something policymakers need to keep in mind.  

Bloomberg 02 May 2023
China’s factory sector contracts as recovery concerns linger
World

China’s factory sector contracts as recovery concerns linger

China’s post-covid recovery has lost steam and needs continued policy support, says an analyst.

Bloomberg 02 May 2023