BLOOMBERG Pakistan said inflation in April was expected to accelerate to a record after increases in food and energy prices and a depreciation in the currency. Price gains may be in a range of 36%-38% year-on-year, from 34.8% in March, the finance ministry said in its monthly Economic Update and Outlook. A slow recovery in damages from last year’s floods ...

BLOOMBERG  UBS Group AG Chief Executive Officer (CEO) Sergio Ermotti selected one of the lender’s former executives, Tom Naratil, to be a key member of the new management team, according to a report by NZZ. Naratil will become the group’s chief financial officer (CFO) and lead the integration division that will oversee Credit Suisse merger, the newspaper said. Bloomberg had ...

BLOOMBERG  Goldman Sachs and Bank of America (BofA) pushed back their call for when the next policy change from the Bank of Japan (BOJ) is likely to come, after Governor Kazuo Ueda continued with a largely dovish message at his first policy meeting. Economists at Goldman and BofA now have a base-case forecast for the central bank to adjust its ...