Bloomberg Bank of Japan Governor Haruhiko Kuroda said the recent pace of growth in the world’s third-largest economy is probably unsustainable and pledged to continue with very accommodative monetary policy “for some time” because the BOJ is far from inflation target. “I think 4 percent growth is excellent but we don’t think 4 percent growth can be sustained. Around 2 ...

Bloomberg Royal Bank of Canada is taking care of business at home. Royal Bank, the first Canadian lender to report fiscal third-quarter results, saw a jump in profit from its domestic banking operations amid signs that the nation’s economy is accelerating. An improving outlook prompted Canada’s central bank to raise interest rates last month, and economists predict at least one ...

Bloomberg African Rainbow Capital Ltd.’s banking partner is close to getting a license that it wants to use to challenge the dominance of South Africa’s biggest lenders. The Commonwealth Bank of Australia has said it will sell 10 percent of Tyme, a Johannesburg-based lender that allows customers to access funds through their mobile phones, to billionaire Patrice Motsepe’s African Rainbow ...