Bloomberg Cerberus Capital Management and Centerbridge Partners filed an 11th hour joint bid for a minority stake in ailing German lender NordLB, people familiar with the offer said. The rival private equity investors decided at the last moment to team up, submitting an undisclosed offer for 49.8 percent of the core assets of the regional wholesale bank after last night’s ...

Bloomberg South Korea’s central bank kept its key interest rate unchanged in the face of rising risks while pushing back against suggestions it may lower borrowing costs before too long. All but one of 25 analysts surveyed by Bloomberg had forecast the Bank of Korea would keep the seven-day repurchase rate at 1.75 percent, while one projected a 25-basis-point cut. ...

Bloomberg The Philippines central bank will remain cautious on inflation even as price gains eased from a nine-year high in the past two months and economic growth slowed to a three-year low in 2018. “Even as we continue to see abating pressures on prices, the BSP will remain vigilant and ready to employ monetary responses to keep prices stable and ...