Bloomberg Top diplomats from Japan and South Korea agreed in New York to continue to seek a resolution on the issue of Korean labor conscripted to work in Japanese factories and mines during World War II. Japanese Foreign Minister Yoshimasa Hayashi and South Korean counterpart Park Jin also agreed to cooperate on the security threat posed by North Korea ...

Bloomberg Chinese banks kept their main lending rates unchanged after the central bank paused its monetary easing and defended a weakening yuan, though a cut is still expected by economists in the coming months to counter headwinds to growth. The one-year loan prime rate (LPR) was left at 3.65%, according to a statement by the People’s Bank of China (PBOC). ...

Bloomberg The Bank of England (BOE) has limited power to stop the downward spiral in the UK pound, said strategists at TD Securities, who are predicting more losses in the coming months. The pound and euro are trapped in a “doom loop” caused by soaring energy prices that feed into weaker economic growth and lower currency values, wrote strategists including ...