Bloomberg Chinese President Xi Jinping held an unusual meeting with a top human rights chief, highlighting the importance his administration places on United Nations official Michelle Bachelet’s landmark visit to China. Beijing is willing to discuss rights issues and cooperate with all parties on the basis of mutual respect, Xi said in a video call with Bachelet on Wednesday, state ...

Bloomberg New Zealand’s central bank (RBNZ) raised interest rates by half a percentage point for a second straight meeting and forecast further aggressive hikes to come to tame inflation. The Reserve Bank’s Monetary Policy Committee lifted the official cash rate (OCR) to 2% from 1.5% on Wednesday in Wellington, as expected by 19 of 22 economists in a Bloomberg survey. It ...

Bloomberg The yuan’s biggest weekly gain in two years could be fleeting, with some analysts forecasting its slide to the 7 per dollar level. Option traders are reviving bearish wagers on the Chinese currency as indicated by the three-month dollar-offshore yuan risk reversal, which advanced this week for the first time since mid-May. The cost of shorting the yuan also ...