Bloomberg While central bankers in Japan, Europe and US have struggled in recent years to stoke credit growth even as they grew their balance sheets to unprecedented size, the People’s Bank of China (PBOC) is succeeding, with a very different approach. For all the Communist Party’s rhetoric about giving a decisive role to markets, China’s financial system remains dominated by …

  Bloomberg A group of Gol Linhas Aereas SA’s bondholders views the Brazilian airline’s debt restructuring proposal as unfair and has hired US investment bank Houlihan Lokey Inc. to negotiate with the company, according to two people with direct knowledge of the matter. The investor group, representing owners of more than 20 percent of Gol’s dollar notes, sees the plan …

  Milan / BLOOMBERG Unicredit, Italy’s biggest bank by assets, said that net profit fell around a fifth at the start of the year due to restructuring costs in Italy and Austria. The charges — to the tune of some 230 million euros – weighed on the bank’s net profit in the first quarter, which came to 406 million euros …