Bloomberg Romania left borrowing costs unchanged as the central bank complains that surprise tax measures to shore up the budget are restricting its ability to function. The benchmark was kept at 2.5 percent for a sixth straight meeting, matching the predictions of all but one economist surveyed by Bloomberg. The fiscal package, which triggered the country’s biggest market crash since …

Bloomberg The secret behind Federal Reserve Chairman Jerome Powell’s surprise U-turn on monetary policy can possibly be found in comments he made in New York a year and a half ago. Asked how he’d respond to what was then a hypothetical scenario of below target price rises and low unemployment, Powell replied: “My own view would be that we have …

Bloomberg Standard Chartered Plc is considering options for its Islamic banking unit in Malaysia, including a potential sale, people with knowledge of the matter said. The London-based lender has been gauging interest from potential buyers for the business, known as Standard Chartered Saadiq Bhd, according to the people. It is weighing an exit from Malaysia’s Islamic banking market as fierce …