Bloomberg Polls are open in Ecuador in an election that will decide whether the country turns its back on the US and restores an alliance with socialist regimes in Cuba and Venezuela. The result of Sunday’s voting has the potential to upend relations with Beijing or Washington, and could even jeopardise Ecuador’s continued use of the US dollar. Long lines ...

Bloomberg Taiwan penalised Deutsche Bank AG and three other foreign lenders after a probe into speculation on the surging local currency last year involving grain companies. Deutsche Bank’s trading approvals for Taiwan dollar deliverable forwards and non-deliverable forwards will be revoked, and it will be banned from engaging in transactions of foreign exchange derivatives for two years, the island’s central ...

Bloomberg Discussions among UK banks to establish a shared debt collector for unpaid payments on Covid loans have stalled, the Financial Times reported, citing people familiar with the discussions. Lobbying group UK Finance was leading talks on a shared entity but several of the UK’s biggest banks such as HSBC Holdings Plc and Lloyds Banking Group Plc have soured on ...