Bloomberg Bank of Korea (BOK) Governor Lee Ju-yeol said omicron is the biggest threat to the economy’s recovery, sounding a cautious note ahead of a policy meeting later this month. The threat posed by the virus variant comes on top of other external risks including rising global inflationary pressure, policy normalisation by major economies and a possible economic slowdown ...

  Bloomberg Bitcoin will continue to take market share from gold as part of broader adoption of digital assets, making the often touted price prediction of a $100,000 by advocates a possibility, according to Goldman Sachs Group. Goldman estimates that Bitcoin’s float-adjusted market capitalisation is just under $700 billion. That accounts for 20% share of the “store of value” market ...

  Bloomberg Standard Chartered Plc will start working in split teams again in Hong Kong as the spread of the omicron variant threatens a fifth wave of infections in the Asian financial hub. In a memo to staff, the bank said it will resume a “hard-split A/B team arrangement” for “critical functions” to ensure business continuity. It urged employees to ...