Bloomberg Bank of America Corp (BofA) named 360 managing directors, with more than half of the promotions awarded to women or people of colour. The appointments mark the third consecutive year that underrepresented groups made up the majority of the class, one of the people said, asking not to be identified discussing personnel matters. The executives were notified in ...

  Bloomberg Pakistan’s money exchange companies will let the currency drop slowly in the open market after deciding to abolish the limit on the dollar-rupee rate. The Exchange Companies Association of Pakistan (ECAP) has informed the central bank of its decision to remove the limit, President Malik Bostan said in a phone interview. The group had earlier voluntarily decided to ...

  Bloomberg Colombia is forecast to extend its biggest-ever series of interest rate rises to curb inflation that is defying a regional downward trend. The central bank will lift its policy rate one percentage point to 13%, its highest level since 1999, according to 16 of 28 economists surveyed by Bloomberg. The rest expect a smaller move, of half or ...