Bloomberg There’s so much cash in Europe there are just not enough bonds to go around. The amount of spare liquidity in the euro-area economy hit an all-time high of 3.2 trillion euros ($3.8 trillion) this month and plenty of that is chasing any new debt issue. This was seen in the record 233 billion euros of orders for the ...

Bloomberg Mitsubishi UFJ Financial Group Inc. is ruling out further job cuts at its brokerage business in Asia after a lengthy overhaul, even as global banks trim headcount during the pandemic. “We are done with it — it’s over,” Saburo Araki, chief executive officer of Mitsubishi UFJ Securities Holdings Co., said in an interview. “It must have been painful for ...

Bloomberg In the country that pioneered the world’s first industrial revolution in the 18th century, its latest one is looking very much on hold. The global shift towards robotics and artificial intelligence across advanced economies is currently in a go-slow phase in the UK — where both Covid-19 and Brexit have hampered progress. That threatens to harm Britain’s competitiveness against ...