Bloomberg The Biden administration is considering a US-led competitor for China’s Belt and Road international trade and public works program, and a top White House official will scout Latin America next week for possible projects. Daleep Singh, the US deputy national security adviser for international economics, is traveling to Colombia, Ecuador and Panama to talk with high-level officials, business leaders ...

Bloomberg Olaf Scholz of the center-left Social Democrats appealed to potential partners to join him in a new German government as soon as possible as his conservative opponent’s rival claim on the chancellery ran into the sand. At party headquarters in Berlin on Monday, Scholz appealed to the Greens and the pro-business Free Democrats to back a three-way coalition following ...

Bloomberg Polish Interior Minister Mariusz Kaminski wants to extend a state of emergency along the country’s eastern border for another 60 days, to help deal with a surge in arrivals of undocumented migrants from Belarus. Kaminski said on Monday that some migrants apprehended near the border could pose a threat to national security after evidence of links to terrorist and ...

Bloomberg For the winner of a party leadership vote this week to pick Japan’s third pandemic-era prime minister, a heavy lift awaits on economy. Getting the country past the virus will be job No. 1, requiring a road map for reopening after the latest virus emergency ends, reportedly this week, and more stimulus to woo voters before national elections this ...

Bloomberg Nato-led international peacekeeping mission in Kosovo (KFOR) boosted number and duration of routine patrols amid increased tensions with neighbouring Serbia, Gazeta newspaper reported. “KFOR is closely monitoring situation throughout Kosovo and remains focused on the day-to-day implementation of its mandate,” KFOR said in a statement to Gazeta on Monday. Tensions started last week when Kosovo, which unilaterally declared independence ...

Bloomberg Global monetary policy looks set to stay super easy well into 2022 even as central banks edge closer to dialing back their emergency support in the face of mounting inflation pressures. In the last week, the US Federal Reserve signaled it will start paring its massive bond-buying as soon as November and the Bank of England hinted for the ...

Bloomberg Siam Commercial Bank Pcl will maintain banking staff levels as Thailand’s biggest lender restructures its business spinning off some units into a new company. There will be no job losses at the banking operations, Chief Executive Officer Arthid Nanthawithaya said in Bloomberg Television interview on Monday. Siam Commercial will focus on profitability, fintech investments and other growth opportunities in ...

Bloomberg The Polish Supreme Court’s inability to provide guidance in Swiss franc-mortgage lawsuits gives local banks an opportunity to resolve their multi-billion zloty disputes directly with borrowers, according to the country’s financial markets regulator. The cases against about a dozen of Polish financial institutions, including PKO Bank Polski SA and Commerzbank AG’s unit MBank SA, have surged in recent months ...

Bloomberg India’s banks need to raise funds from markets for their growth rather than depend on the government for recapitalisation, Finance Minister Nirmala Sitharaman said. “Banks are today less burdened because books are cleaner,” Sitharaman said at the annual general meeting of the Indian Banks’ Association. “As a result they will able to go and raise money from markets. I ...

Bloomberg The biggest US banks appear to be sidestepping any fallout from the crisis at indebted developer China Evergrande Group that sparked a widespread selloff in stocks this week. Citigroup Inc has no direct lending exposure to Evergrande, a spokeswoman said. JPMorgan Chase & Co and Bank of America Corp also have no such links. Bank of America has no ...