Bloomberg One of China’s biggest lenders is marketing a new dollar note linked to a Libor replacement, as borrowers across the globe move away from the scandal-ridden pricing benchmark. Bank of China Ltd’s Macau Branch is expected to price a floating-rate note tied to the Secured Overnight Financing Rate (SOFR) on Wednesday, according to a person familiar with the matter. ...

Bloomberg Fabio Panetta, Italy’s candidate for a board seat at the European Central Bank (ECB), got his first big career break one early morning in 1985. Carlo Azeglio Ciampi, the then-Bank of Italy chief and a future president of the republic, was already at his desk at dawn when he rang the switchboard at his research department for help with ...

New US tariffs on as much as $7.5 billion of exports from the European Union (EU) have brought another reminder of how trade wars and protectionism dominate the news. Yet in the last two years, countries accounting for more than one-third of global output have signed more than a dozen trade treaties. When historians look back, they may depict this ...