London / Bloomberg Bank of England (BOE) Governor Mark Carney isn’t finished yet. Economists in a Bloomberg survey predict another interest-rate cut in November, adding to the stimulus unveiled this month, even as they see UK inflation busting through policy makers’ 2 percent target just months later. The survey also puts the probability of Britain sliding into a recession ...

  Hong Kong / Bloomberg Hong Kong’s High Court ruled against Oversea-Chinese Banking Corp.’s (OCBC) private bank in a mis-selling case, saying the unit and a relationship manager had breached their contractual duty towards an elderly couple who lost money on investments made with ING Asia Private Bank. In a court judgment dated Aug. 8, the court said Bank of ...

  Manila / Bloomberg The Philippine central bank approved a significant increase in the amount of foreign exchange that companies and individuals can buy without documentation in what analysts say is a bid to reduce the number of black market currency trades. The Bangko Sentral ng Pilipinas said in a statement that from September 15, the amount of foreign exchange ...