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Japan seeks Biden endorsement of security overhaul

Bloomberg Japanese Prime Minister Fumio Kishida will seek public support for his robust new security strategy from US President Joe Biden at their upcoming summit, after criticism from China. Kishida arrived Thursday in Washington on the last leg of a whirlwind tour that has taken him to most of the Group of Seven countries before Japan hosts the body’s summit ...

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Congress ramps up pressure to kick out Brazil’s Bolsonaro

  Bloomberg Congressional Democrats added to pressure on President Joe Biden to kick Jair Bolsonaro out of the country, even as US officials stick to a wait-and-see approach in hopes that the former Brazilian president will make good on a promise to return home on his own. In a letter dated Thursday, 46 congressional Democrats urged Biden to remove Bolsonaro ...

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BofA reaps benefits of interest rate hikes, trading volatility

Bloomberg Bank of America Corp (BofA) reported an increase in net interest income as the lender benefits from rate hikes, and its traders beat analysts’ estimates, reaping the benefits of dramatic market swings spurred by the higher rates, soaring inflation, recession fears and global political turmoil. Net interest income, the revenue collected from loan payments minus what depositors are paid, ...

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