Bloomberg A combination of easing trade tensions and easier monetary policy will lift global growth from the first quarter of 2020, according to economists at Morgan Stanley. Emerging markets will drive the recovery, given the late-cycle stage that US growth is in, they argue. “A 1Q20 recovery is on the cards,” the US bank’s economists led by Chetan Ahya wrote ...

Bloomberg UK lawmaker Peter Hain accused international banks including HSBC Holdings Plc and Standard Chartered Plc of aiding and abetting graft in South Africa during former President Jacob Zuma’s rule and earning considerable fees in the process. The lenders enabled members of the Gupta family, who were Zuma’s allies and in business with his son, to launder stolen funds and ...

Bloomberg Soon after taking over as India’s central bank governor almost a year ago, Shaktikanta Das decorated his 18th floor office overlooking the Arabian Sea with two statues of Lord Jagannath, a form of the Hindu god Vishnu. Revered in Das’s native Odisha state, Jagannath is depicted with round, lidless eyes that are always watching over the welfare of devotees. ...