Bloomberg Mastercard Inc is facing pushback from retailers over a new product that allows customers to pay off their purchases in installments. The payments giant has begun telling merchants and their banks that it will charge retailers 3% of a purchase price each time a consumer opts to use the new program, according to people familiar with the matter. ...

  Bloomberg The dollar’s best days might still be ahead of it. While the greenback has tumbled as riskier assets have rebounded and demand for havens has ebbed, there’s potential for renewed political and economic risks to rekindle its strength. Add to that a dire outlook for Europe and prospects for even more policy tightening by the Federal Reserve, and ...

  Bloomberg Australia’s top economic agencies are collaborating on a project to review the case for a central bank digital currency (CBDC) in the country. The Reserve Bank of Australia (RBA), Treasury and others will oversee the research effort designed to explore the potential economic benefits of introducing such a currency in Australia, the RBA said in a statement. The ...