Bloomberg The euro erased gains, bonds pared losses and equities jumped after the European Central Bank suggested financial markets misinterpreted comments from Mario Draghi on the rise of inflation. Draghi’s speech was intended to strike a balance between recognizing the currency bloc’s economic strength and warning that monetary support is still need, according to people familiar with the situation. The ...

Bloomberg Deutsche Bank AG, the German lender seeking to overhaul how it manages risks, made a bet on US inflation that puts the firm on course to lose as much as $60 million, people familiar with the matter said. The trade used derivative products tied to US inflation, said the people, who requested anonymity because the details aren’t public. The ...

Bloomberg South Africa’s central bank filed court papers to reverse an instruction by the anti-graft ombudsman that its mandate of protecting the value of currency be changed, saying the “reckless” proposal is harming the economy. Public Protector Busisiwe Mkhwebane in a report earlier this month instructed parliament to start a process to change the nation’s constitution to make the central ...