Bloomberg President Donald Trump will skip two major summits in Asia in November, a move that could stoke concerns in the region about the US’s reliability as a counterweight to China. The White House said that Vice President Mike Pence would travel to Singapore for an 18-nation summit hosted by the Association of Southeast Asian Nations, before heading to Papua ...

Bloomberg Italy could soon find itself excluded from the heart of euro-area monetary policy for the first time in the currency’s two-decade history. European Central Bank President Mario Draghi’s eight-year term ends in October 2019 and his country has no automatic path to a seat on the Executive Board after that. Instead, its populist leaders must negotiate with the same ...

Bloomberg Shares of India’s Yes Bank Ltd. plunged after the central bank deferred approving another three-year term for Chief Executive Officer Rana Kapoor, while allowing him helm the bank for the time being. Kapoor has received the RBI’s approval to continue as managing director and CEO of the Mumbai-based lender until “further notice” from the regulator, Yes Bank said in ...