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Ex-PM Borissov wins Bulgaria vote

BLOOMBERG Former Prime Minister Boyko Borissov won Bulgaria’s fifth election in two years, but his failure to secure a majority threatens to extend a political stalemate undermining European Union unity over Russia’s war in Ukraine. A bloc led by Borissov’s Gerb party won 26.5%, according to official results with 93.4% of districts counted on Monday. The bloc led by the ...

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Won’s bad start to year poised to get even worse

BLOOMBERG The South Korean won, Asia’s worst-performing currency this quarter, will soon have a new item added to its long list of troubles — the dividend payment season in April. This month normally sees overseas investors take dividends out of the country. Expected handouts to foreign investors at the top 10 Korean companies with the largest dividends allotted to global ...

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China’s CBIRC warns top bankers of deepening crackdown on graft

BLOOMBERG Chinese authorities warned the nation’s top banking executives that the crackdown on the $60 trillion industry is far from over in a private meeting, just as they were about to announce the probe of the most senior state banker in nearly two decades. Officials from the China Banking and Insurance Regulatory Commission (CBIRC) and the Central Commission for Discipline ...

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