Stocks have been on a wild ride, with the Dow Jones Industrial Average dropping 10.4 percent from its peak on January 26 to the February 8 trough, before recovering about half those losses. Usually, big declines foreshadow Federal Reserve-induced recessions. Late in a business cycle, the central bank worries about economic overheating and jacks up interest rates to crushing levels. ...

Bloomberg Japan’s financial supervisor is laying the groundwork for a regulatory overhaul that could lead to a shakeup in the nation’s $10 trillion banking industry. The Financial Services Agency is examining how to change the legal framework so that all providers of financial services are subject to the same rules — a move that would allow emerging companies such as ...

Bloomberg The Bank of Korea left its benchmark interest rate unchanged in Governor Lee Ju-yeol’s last policy meeting, as it weighs risks to its economic outlook against the cost of raising borrowing costs for the nation’s indebted households. The unanimous decision to keep the seven-day repurchase rate at 1.5 percent was forecast by all 17 analysts surveyed by Bloomberg. “With ...