Bloomberg Sweden’s finance minister Magdalena Andersson, the favourite to replace outgoing premier Stefan Lofven, has rebuffed a plan to increase spending from the left wing of her party. The faction within the Social Democrats called for a new fiscal policy framework, saying the current rules are “a straitjacket” that hurts the economy by blocking investments. But in an interview with ...

Bloomberg The Bank of Japan (BOJ) will keep pumping out stimulus regardless of any shift in the nation’s political leadership as a result of upcoming elections or any Federal Reserve tapering moves, according to a former senior executive at the central bank. “You want to keep letting sleeping dogs lie,” said Kazuo Momma in an interview, referring to the monetary ...

Bloomberg Morgan Stanley boosted salaries for the second time in a month, raising the stakes again in a Wall Street bidding war for new talent. The firm bumped base pay for junior bankers to $110,000, a mark that will now also cover first-year staff in the trading division, a person familiar with the matter said, asking not to be identified ...