Bloomberg Almost two years after Latvia’s central-bank governor was detained in a bribery probe, he’s getting the chance to prove his innocence in the courtroom. Ilmars Rimsevics, who also sits on the European Central Bank’s policy-setting panel, is attending his first hearing. He denies the charges against him, which carry a prison term of more than 10 years. Rimsevics’s case ...

Bloomberg As long-term negative interest rates reshape life in the Nordic region, its biggest bank is trying to reinvent one of its most important business areas. Nordea Bank Abp says it’s rethinking how it does market making — a service that helps investors carry out securities trades and ensures liquidity — in an effort to adapt to long-term negative rates. ...

Bloomberg South Africa’s rand and bonds rose after the country clung to its last investment-grade credit rating. The currency gained 1.7% to 14.7853 per dollar, the most on a closing basis in more than three weeks, and paring its loss since the end of June to 4.7%. The yield on rand-denominated government bonds fell the most since early 2018 and ...