Bloomberg UBS Group AG is beefing up the ranks of senior executives at its securities joint venture in China after taking majority control late last year, hiring five managing directors for the investment banking business, said a person with knowledge of the matter. Shen Dehua, most recently investment banking head of HSBC Holdings Plc’s Qianhai securities venture, joined UBS Securities ...

Bloomberg Australian central bank chief Philip Lowe kept his head below the parapet by keeping interest rates unchanged less than two weeks out from an election, saying lower unemployment is needed to drive faster inflation. Lowe left the cash rate at 1.5 percent — where it has stood since he took the helm in September 2016 — after economists and ...

Bloomberg The European Central Bank’s (ECB) outgoing chief economist has some parting words for his colleagues on the Governing Council: be careful when planning your future strategy. Peter Praet, whose term ends this month, dived into the debate over whether the ECB needs to revisit its interpretation of price stability, which it sees as keeping inflation just under 2 percent. ...