Bloomberg US financials are still nursing their June hangover. The Financial Select Sector SPDR exchange-traded fund is trading to the downside yet again in early trading, weighed down by Citigroup and Bank of America. The drop follows the KBW Bank Index’s dramatic day that delivered the biggest intraday reversal — from up as much as 2.1 percent to ending in ...

Bloomberg Australia left its key interest rate unchanged at a record low on Tuesday as the currency’s recent decline aids the economy by offering exporters some insulation against global trade ructions. Reserve Bank Governor Philip Lowe kept the cash rate at 1.5 percent, as expected by all economists and where it’s stood since August 2016. The Australian dollar this week ...

Bloomberg Travellers are about to get cheaper flights in Argentina as President Mauricio Macri curbs price floors that have propped up domestic airfares. In an effort to boost tourism, the government will allow airlines to drop prices as low as they want for domestic service as of August 15. The rule change only applies to round trips, and customers must ...