Bloomberg Mizuho Financial Group Inc.’s profit fell and the Japanese bank offered a bleak assessment of the long-term outlook, confirming it will eliminate thousands of jobs to cut costs. The nation’s third-biggest lender will shed 19,000 positions — about a quarter of its workforce — in the next 10 years, it said in a statement, confirming recent media reports. Lending ...

Bloomberg Australia’s central bank used its Statement on Monetary Policy to flesh out its consistent recent view of accelerating growth and sluggish inflation, suggesting interest rates will stay at a record-low 1.5 percent. Underlying inflation forecasts revised slightly lower for 2018 and cut by half percentage point for 2019, mainly to allow for upcoming reweighting of CPI. “The assessment of ...

Bloomberg HSBC Holdings Plc Chairman Mark Tucker has met with shareholders and discussed takeovers of US credit-card businesses in his first month in office, the Sunday Times reported. Investors are said to be wary of the plans given the retrenchment by the world’s largest banks in recent years, the newspaper said, citing people it didn’t identify. People linked to the ...