Bloomberg BNP Paribas SA and Societe Generale SA missed out on the trading gains that boosted earnings at some of their US and European rivals in the first quarter, sending their shares tumbling. Trading income at BNP Paribas, the largest French lender, fell 15 percent as a drop in sales from fixed-income, currencies and commodities outweighed a gain in equities, ...

Bloomberg The Bank of England will hold off increasing interest rates next week and cut its forecasts for both growth and inflation, according to economists surveyed by Bloomberg. Just three out of the 54 banks questioned expect a rate hike at the May 10 meeting, compared with about three-quarters of those asked last month. The survey also showed economists are ...

Bloomberg One of the Federal Reserve’s most senior officials and his incoming successor both said that overshooting the US central bank’s 2 percent inflation target for a time is nothing to worry about because the central bank has been below the goal for so long. “I’ve said it many times: being a little above 2 percent after being below 2 ...