Bloomberg China said US Secretary of State Michael Pompeo was attempting to “sow discord” with recent comments about its policy toward Muslim Uighurs in its far west region of Xinjiang, treatment that has been widely criticised by foreign governments and rights groups. Pompeo said Beijing’s campaign against the Uighurs was an “attempt to erase its own citizens” and urged countries ...

Bloomberg China isn’t in a rush to add massive monetary stimulus, in contrast with other central banks around the world, and must maintain a prudent policy stance, central bank Governor Yi Gang said. Overall financial risks are contained and those in the shadow banking sector and some key institutions have been resolved, said Yi, speaking at a joint briefing in ...

Bloomberg Job cuts announced by banks this year are approaching 60,000, almost all of them in Europe, where negative interest rates and a slowing economy prompt lenders including Germany’s Commerzbank AG to step up cost reductions. Commerzbank said it plans to eliminate 4,300 positions, deepening a restructuring that started three years ago. That brings the total disclosed this year to ...