BLOOMBERG Ex-Australian Prime Minister Paul Keating condemned the center-left Labor government’s deal with the US and UK to obtain nuclear submarines, saying the nation’s military sovereignty was being surrendered to the “whim and caprice” of Washington. A former Labour party leader, Keating served as prime minister from 1991 to 1996, during which he sought to loosen Australia’s bonds with the …

BLOOMBERG The European Central Bank (ECB) should either delay or pare back this week’s planned interest-rate increase to avoid a policy error reminiscent of 2011, former Executive Board member Lorenzo Bini Smaghi told Boersen-Zeitung. The German newspaper published an interview with the Italian, the eve of a decision for which a half-point hike has been described by President Christine Lagarde …

BLOOMBERG Bank of America Corp (BofA) mopped up more than $15 billion in new deposits in a matter of days, emerging as one of the big winners after the collapse of three smaller banks dented confidence in the safety of regional lenders. The inflows offer a first glimpse into the deluge of deposits that made its way to the country’s …