Bloomberg The European Central Bank is about to find out how attractive its offer to pay lenders to lend really is. Starting tomorrow, euro-area banks can bid for a four-year loan from the ECB at an interest rate that begins at zero and could ultimately be negative. The net take-up, after institutions repay their borrowings from an earlier and ...

  AFP France’s biggest insurer Axa has lowered its earnings target for the next few years and is seeking to cut costs as low interest rates take their toll on the industry’s profits. Axa, which is to unveil its new strategic plan Tuesday, said it now eyed an average annual increase in underlying earnings per share of between 3 and ...

  Bloomberg China’s central bank said it has met with onshore lenders to discuss allowing them to trade in the offshore yuan market, a move that would accelerate convergence between the country’s two exchange rates. As the country increasingly opens up its currency market, Chinese commercial banks have a growing need for better integration between the onshore and offshore markets, ...