Bloomberg Citigroup Inc is seeing countries around the world roll into recessionary environments, with the US economy on track to follow them in the second half of next year, said Chief Executive Officer Jane Fraser. The New York-based bank is worried in particular about Europe, which Fraser said has already entered a recession. It may take years for countries across ...

  Bloomberg The yuan rally spurred by China’s reopening optimism is set to face a reality check as doubts grow on whether any economic rebound will match the currency’s rapid gains. The yuan wiped out nearly a third of its yearly loss last month before surging past the key 7 per dollar level. Its appreciation beyond 6.95 would suggest the ...

  Bloomberg Australia is keeping an open mind on a central bank digital currency, a senior Reserve Bank official said, while adding it remains to be convinced there’s a case for one in a country with easy financial and cash access. RBA Assistant Governor Brad Jones laid out the pros and cons of a CBDC in a speech in Sydney, ...