Bloomberg Economic indicators show ‘stabilized and stronger growth’ and the momentum of a 6.9 percent expansion in the first six months of 2017 ‘may continue in the second half,’ People’s Bank of China (PBOC) Governor Zhou Xiaochuan said. Imports and exports increased rapidly, fiscal income grew, and prices have been steady, Zhou said, according to a statement the central bank ...

Bloomberg Brian Moynihan’s efforts to boost Bank of America Corp. profit through cost cutting finally got some help from interest rates. The lender posted the highest net income in six years as the chief executive officer cut expenses more than forecast and net interest income rose to the highest since 2011. During his seven years as CEO, Moynihan has worked ...

Bloomberg FirstRand Ltd., Africa’s biggest lender by market value, offered to buy UK challenger bank Aldermore Group Plc for about 1.1 billion pounds ($1.4 billion). Shares in the British firm soared. Aldermore received ‘an indicative proposal’ from Johannesburg-based FirstRand of 313 pence per share, 37 percent more than its average share price this year, and directors at the UK lender ...