After UK and EU negotiators reached a deal opening a path for trade negotiations, arch-Brexiter Michael Gove declared British Prime Minister Theresa May had ‘won.’ That is a statement worthy of all the now-debunked Brexit slogans. The parties’ agreement shows the EU has given up virtually no ground, and that’s what’s likely to happen in the trade talks, too. In …

Bloomberg As stocks surge and consumer prices inch higher, investors say it’s time for the Bank of Ja-pan to reduce equity purchases that have been criticised for distorting the market. Sometime next year, the BOJ will cut its annual buying target for domestic exchange-traded funds by as much as a third from the current 6 trillion yen ($53 billion), says …

Bloomberg Pakistan’s central bank allowed the rupee to decline as it bowed to persistent economic pressure, including widening deficits and declining foreign-exchange reserves. The rupee closed at 107 per dollar at the close on the interbank market, after falling as low as 109.5 per dollar, the State Bank of Pakistan said in an emailed statement. The currency — officially a …