Bloomberg Philippine central bank Deputy Governor Diwa Guinigundo said a quick reversal of last year’s monetary tightening — either through a reduction in the amount of cash that banks must hold as reserves or a cut in key interest rates — would be “bad economic or monetary policy.” While inflation in the last two months of 2018 cooled from a …

Bloomberg The final report of an inquiry into misconduct in Australia’s financial system will land with a thud at National Australia Bank Ltd.’s headquarters. It’s just not the size of the three-volume report, but the blast aimed at Chief Executive Officer Andrew Thorburn and Chairman Ken Henry, who testified during the Royal Commission’s final round of hearings. “Having heard from …

Bloomberg Ryanair Holdings Plc Chief Executive Officer Michael O’Leary will step back from day-to-day management as the discount carrier moves to a group structure that puts union negotiations into the hands of subordinates after a year of labour strife. Chairman David Bonderman, in the post since 1996, will also leave next year, according to a statement on Monday, following investor …