Bloomberg Vikram Pandit, who ran Citigroup Inc. during the financial crisis, said developments in technology could see some 30 percent of banking jobs disappearing in the next five years. Artificial intelligence and robotics reduce the need for staff in roles such as back-office functions, Pandit, 60, said. He’s now chief executive officer of Orogen Group, an investment firm that he ...

Bloomberg China’s yuan fixing is back in focus, with a run of surprises moving the market in recent days. The central bank set its reference rate—which limits onshore moves to 2 percent on either side—at a weaker than expected level for the third day in a row on Wednesday. The rates, and the removal of a reserve requirement rule on ...

Bloomberg Reserve Bank of Australia board member Ian Harper said economic growth isn’t strong enough to justify an interest-rate increase and policy makers can do little but look on as the local dollar appreciates. While it’s “terrific” full-time employment growth is strong and unemployment is slowly coming down, it’s a “concern” to see under-employment isn’t moving much and wages and ...