Bloomberg Almost six months after Goldman Sachs Group Inc recommended shorting the dollar, it’s calling it quits on the trade. In a note titled “tactical retreat,” Goldman’s currency team closed its recommended short greenback position against a basket of Group-of-10 commodity currencies, including the Australian and New Zealand dollars. The firm joins hedge funds and other investors capitulating on bearish ...

Bloomberg Japan’s largest bank will rebuild its 40-year-old headquarters in Tokyo’s financial district as the lender prepares for a post-Covid world that will also see some compliance roles shift to India. The new building will “significantly reduce” facility expenses for the financial group by bringing together about 19,000 workers who are currently located in nine different locations across the downtown ...

Bloomberg Australia’s central bank kept its key policy instruments unchanged Tuesday following the cooling of a global bond selloff and as the impact of record-low interest rates on asset markets comes into focus. Reserve Bank of Australia (RBA) Governor Philip Lowe and his board held the cash rate and three-year yield target at 0.10% and made no changes to the ...