Bloomberg South Korea’s $1.3 trillion stock market became the latest victim of the US-China trade war, with its benchmark index losing all of this year’s advance on Wednesday. The Kospi index fell 1.3 percent to 2,023.32 at the close in Seoul, its lowest since January 4. Foreign investors sold a net 360 billion won ($301 million) of Kospi shares in ...

Bloomberg Climate change could hit bank balance sheets with a knock-on effect on financial stability, the European Central Bank (ECB) warned on Wednesday. In a special feature for its semi-annual Financial Stability Review on Wednesday, the ECB said problems will materialise if markets aren’t correctly pricing the risks stemming from extreme weather events and the transition to a low-carbon emission ...

Bloomberg The Irish government sna-gged a payment of about 2.1 billion euros ($2.4 billion) from the country’s central bank, according to a person familiar with the matter. The transfer flowed from the bank’s 2018 earnings, said the person, who asked not to be named as the information is private. Details will be published with the regulator’s annual report on Wednesday ...