Bloomberg German Chancellor Angela Merkel and Chinese President Xi Jinping discussed the EU’s stalled investment accord with China, human rights and other issues in a “farewell” bilateral talk. Preparation for the G-20 summit, fighting climate change and grappling with the global pandemic were also discussed in the video conference on Wednesday, Martina Fietz, Merkel’s deputy spokeswoman, said in a statement ...

Bloomberg Bank of Korea (BOK) Governor Lee Ju-yeol gave his strongest signal yet that a rate hike is likely in the works for November as he flagged worsening financial imbalances, growing inflationary pressures and solid recovery momentum. The central bank’s decision to hold rates at 0.75% was opposed by two members who called for a back-to-back increase following August’s liftoff. Dissension ...

Bloomberg Bank of America Corp (BofA) is giving businesses new ways to transfer money to their customers. The new system, known as Recipient Select, allows consumers to choose among various options for receiving refunds, rebates and other payouts while increasing the speed and efficiency for transferring the funds, Bank of America said in a statement. The digital portal, launched this ...