Bloomberg HSBC Holdings Plc promised to “phase down” its financing of the fossil fuel industry, sending a warning to oil and gas clients as the bank works toward its target of net-zero emissions. The step is in line with “what is required to limit the global temperature rise to 1.5 degrees celsius,” HSBC said. Like most of its top-tier …

Bloomberg A further depreciation of the yen won’t be good for Japan’s economy and may prompt a shift in the central bank’s messaging, according to a former Bank of Japan (BOJ) official, speaking after the currency set a fresh low of more than five years. “The yen has already moved a lot compared with last year, so a further weakening …

  Bloomberg Southeast Asian central bankers are keeping a cautious approach toward monetary tightening, as the fallout from the war in Ukraine stokes risks to global growth and inflation. Bank Negara Malaysia will continue gauging the “appropriate degree of monetary policy accommodation to make sure this economic recovery is much more durable,” Governor Nor Shamsiah Mohd Yunus said in a …