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Top Myanmar bank may sell stake to foreign firm

  Bloomberg Myanmar’s largest privately-owned bank by assets says it’s willing to sell a stake to a foreign lender, pending a change in the country’s law, as it gears up to expand its operations in one of Asia’s most under-banked nations. “In any emerging market, capital is important,” said Nang Kham Noung, an executive director of KBZ Bank. “For us, ...

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Bank of England to lose rebel voice against Brexit consensus

  Bloomberg One of the Bank of England’s (BOE) most vocal dissenters is moving on, just as Brexit’s surprises make alternative views more valuable. Kristin Forbes is leaving at the end of June to return to MIT, depriving the nine-member Monetary Policy Committee of a voice that’s consistently pushed against consensus. The American, who some say could be a potential ...

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Goldman calls for patience to see commodity gains after rout

  Bloomberg Goldman Sachs Group Inc. isn’t letting the biggest commodities rout in eight months shake its confidence in raw materials. The bank is sticking to its view that tightening supplies will lead to higher prices later this year, maintaining its positive outlook on the sector, according to a report dated March 12. Investors should go or stay long on ...

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