Bloomberg China will not impose an anti-sanctions law on Hong Kong for now, local news organisation HK01 reported, a seemingly unusual backtrack from Beijing on a move that had alarmed businesses in the Asian financial hub. The decision to shelve the controversial law in the near term came after executives from Hong Kong and mainland Chinese financial institutions raised their ...

Bloomberg Romanian Prime Minister Florin Citu and his government were toppled in a no-confidence vote, intensifying political tensions that have already sent the national currency to a record low. Rivals and former allies joined forces on Tuesday in parliament to sink Citu, a 49-year-old former investment banker who’s been in power for less than a year but fell out with ...

Bloomberg European banks are beginning to drop clients that pose a climate risk rather than face possibility of higher capital requirements, according to the watchdog overseeing the development. Banks are raising prices, denying loan requests, “de-selecting industries and in some cases clients,” said Jacob Gyntelberg, director of the economic and risk analysis department at European Banking Authority (EBA). There’s already ...