Bloomberg Malaysia’s central bank cut its benchmark interest rate in a surprise move on Wednesday, the first in Southeast Asia to do so this year as it seeks to support its economy amid lingering global uncertainty. Bank Negara Malaysia reduced the overnight policy rate to 2.75%, a 25 basis-point cut predicted by just two of the 26 economists surveyed by ...

Bloomberg UBS Group AG Chairman Axel Weber said his top priority for the next months is working to reduce a $5 billion French tax fine that’s prompted the bank to postpone a decision on future share buybacks until the second half of the year. The Swiss lender was slapped with the fine after a Paris court found it guilty of ...

Bloomberg Ukraine is stepping up plans to slash Europe’s highest benchmark borrowing costs. Inflation has plummeted to the lowest in almost six years after the hryvnia outshone all other currencies against the dollar in 2019. The more benign backdrop will be reflected in this month’s quarterly projections for interest rates, according to the central bank. “This forecast will be more ...