Bloomberg European Central Bank (ECB) policy makers meeting in Frankfurt this week will discuss the prospect of launching their own digital currency, according to euro-zone officials familiar with the matter. Governing Council members were expected to talk about the topic informally at dinner on Wednesday, a day before their policy meeting under new President Christine Lagarde, the people said, asking ...

Bloomberg China is in preliminary talks to support the European Union’s (EU) backup plan for settling international trade disputes as president Donald Trump’s administration gets closer to scuttling the World Trade Organisation’s (WTO) role in refereeing cross-border commerce. China’s Ambassador to the WTO Zhang Xiangchen told Bloomberg News that Beijing is actively working to support the EU’s vision of an ...

Bloomberg Twelve state-owned Indian banks are petitioning for ex-billionaire Vijay Mallya to be declared bankrupt over 1.15 billion pounds ($1.52 billion) in unpaid debts. The banks and an asset restructuring company, led by the State Bank of India (SBI), have taken the tycoon to a London court in what lawyers have described as “the end of the road” in their ...