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China’s big banks see workforce decline

  Bloomberg China’s four biggest banks reported that staff numbers fell by the most in at least six years in the first half, highlighting the possibility that employment has peaked at the firms that are the world’s biggest providers of banking jobs. A decline of 1.5 percent from the end of last year left 1.62 million workers at Agricultural Bank ...

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Malaysia pauses after surprise July rate cut

  Bloomberg Malaysia’s central bank left its benchmark interest rate unchanged following July’s surprise cut, as policy makers wait to see if the government will adopt additional stimulus measures in its budget next month. Bank Negara Malaysia kept the overnight policy rate at 3 percent, it said in a statement in Kuala Lumpur Wednesday. The decision was predicted by 14 ...

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Poland central bank holds rates again as economy growing at 3% defies deflation

  Bloomberg Poland’s central bank kept its key interest rate unchanged at a record low for a 17th month as economic growth stabilized around 3 percent and deflation stretched into a third year. The 10-member Monetary Policy Council on Wednesday left the seven-day reference rate at 1.5 percent, matching the predictions of all 30 economists surveyed by Bloomberg. Governor Adam ...

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