Bloomberg China is pushing almost a trillion yuan ($156 billion) of funds into the banking system in just two weeks, reinforcing a signal that it will use short-term liquidity to sustain growth rather than ease monetary policy. In a pattern seen also in September, the People’s Bank of China (PBOC) has been injecting huge amounts of cash through open-market operations ...

Bloomberg Deutsche Bank AG Chief Financial Officer James von Moltke said the investment bank is pressing ahead with hiring in areas including mergers and acquisitions and rates in the US to grow its business. The firm has also been selectively hiring for government bond trading in Europe as well as in technology and healthcare dealmaking, Von Moltke said on a ...

Bloomberg India reappointed central bank Governor Shaktikanta Das for another three-year term, keeping the career bureaucrat at the helm to help guide the economy’s recovery from the ravages of Covid-19. The decision, announced in a statement from the cabinet and effective when his current term ends December 10, ensures continuity in monetary policy settings and signals to investors that any ...

Bloomberg Banco Santander SA is seeing the strongest demand for UK mortgages in “many, many years,” helping to underpin growth at the Spanish lending behemoth as it positions for higher interest rates globally, Chief Financial Officer Jose Garcia Cantera said. Lending for mortgages to British individuals climbed 4.4% from a year earlier to 174 billion pounds ($240 billion), Santander said ...

Bloomberg BNP Paribas SA will start a 900 million-euro ($1 billion) stock buyback after posting a 79% jump in equities trading and adding twice as much revenue as expected at its domestic markets unit. Strength in the two businesses helped offset a slump in fixed income trading that was twice as steep as the average decline at the biggest Wall ...

Bloomberg A former Wells Fargo & Co. investment adviser stole nearly $3 million from clients and used the money for personal expenses and to buy gold coins, federal prosecutors said. Kenneth A. Welsh, 41, was arrested at his home in River Edge, New Jersey on charges that he misappropriated funds from the accounts of five investors between 2016 and 2021, ...

Bloomberg UBS Group AG posted a surprise jump in profit as wealth management fees soared the most in almost three years and the firm followed Wall Street rivals in seizing on the deal boom. The Zurich-based bank topped expectations on most key metrics, including investment banking pre-tax profit that was almost double what analysts had predicted. At the key wealth ...

Bloomberg A year after Beijing kicked off a policy clampdown that roiled stock markets from Shanghai to New York, the most beaten-down targets — China’s technology firms — are still facing a rocky outlook. The Hang Seng Tech Index, which tracks the nation’s biggest technology companies, has failed to break out of the tight trading range it has been in ...

Bloomberg Tesla Inc’s ascent into the most exclusive of corporate clubs — the $1 trillion capitalisation set — has investors guessing on which company will be the next to join. The technology industry represents five of the six current members and may well be the spawning ground for the next. But there is competition. The commodity supercycle, the global push ...

Bloomberg Oil posted a monthly gain of 11% on signs that consumption is outpacing supply and draining stockpiles. Futures in New York rise 0.9%. Oil’s advance this month shows the impact of an ongoing shortage of natural gas, which has boosted demand for oil products. At the same time, rising margins signal that crude consumption will remain strong as refiners ...