Bloomberg Australia has a stronger probability of bringing its economy in for a “soft landing” than almost any other developed-world counterpart, Reserve Bank Governor Philip Lowe said, citing the nation’s still-contained wage growth. “It’s not guaranteed but where I sit today I think we have a better chance than most other countries of pulling it off,” Lowe told a ...

  Bloomberg The ringgit jumped, making the currency the best performer in Asia, following the appointment of Anwar Ibrahim as Malaysia’s new prime minister. The ringgit rose by as much as 0.9% against the dollar to 4.4542, its strongest level since mid-August. The currency had surged by 1.8% after Anwar’s appointment on Thursday, the largest single-day gain since March 2016. ...

  Bloomberg Credit Suisse Group AG falls to a fresh record low as investors weighed the impact of the massive outflows the bank reported this week and news that rivals in the key growth market of Asia are benefiting from the Swiss firm’s troubles. Shares of the lender declined as much as 5% in Zurich after Vontobel cut its price ...