Bloomberg Chinese central bank officials downplayed emerging stress in the financial system following the state takeover of a regional bank, and said depreciation in the currency is under control. Speaking at an event in Beijing, People’s Bank of China Governor Yi Gang said policy makers are “fully capable” of managing risks at small and medium-sized lenders, and the Chinese currency ...

Bloomberg The European Central Bank (ECB) will offer euro-area banks generous terms on its upcoming long-term loans when it meets next week but won’t do anything to soften the impact of negative rates, economists predict. Respondents in a Bloomberg survey said the interest rate on the two-year loans will be below the ECB’s benchmark rate — currently zero — if ...

Bloomberg Mexico’s central bank cut its growth forecast for this year, opening the door to the possibility that Latin America’s second-largest economy will expa- nd less than 1 percent amid weak industrial production. Growth this year is likely to be 0.8 percent to 1.8 percent, less than previously expected 1.1 percent to 2.1 percent, the central bank said in quarterly ...