Bloomberg The People’s Bank of China (PBOC) made the biggest-ever injection of Medium-term Lending Facility funds, in a move that analysts described as further evidence of a shift to monetary easing. The PBOC skipped adding funds via seven-day reverse repurchase agreements on Monday while offering 502 billion yuan of its loans with one-year maturity to major banks in the open ...

Bloomberg Banca Carige SpA, the Italian lender hit by board and management departures, said it has been instructed by the European Central Bank (ECB) to submit a new capital-boosting plan and consider options including a merger. The shares dropped. The ECB’s move came after the central bank rejected a capital-conservation plan presented by the Genoa-based bank on June 22, and ...

Bloomberg It’s been another miserable week for South Africa’s rand, but policy support may be coming closer, if money-market bets are anything to go by. The currency slumped more than 2 percent as the South African Reserve Bank left its benchmark rate unchanged at 6.5 percent, a level Governor Lesetja Kganyago described as “accommodative,” while warning that inflation pressures are ...