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Wells Fargo unveils new credit card, ‘Autograph’

  Bloomberg Wells Fargo & Co. is launching another credit card, the latest in third-biggest US lender’s push to build out new offerings under Chief Executive Officer Charlie Scharf. The Wells Fargo Autograph card is the first in a group of rewards cards the firm plans to introduce, according to a statement on Monday. The card, which launches throughout the ...

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Mexico to speed pace of interest rate hikes

  Bloomberg Mexico’s central bank is expected to speed the pace of interest rate increases, hiking borrowing costs by the most in recent times, with inflation stuck near a two-decade high. Banco de Mexico, known as Banxico, is seen raising its key interest rate by 75 basis points to 7.75%, the highest in almost three years, according to all 27 ...

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Baht’s outlook turns brighter

  Bloomberg The slump that’s taken the baht to its weakest in more than five years may be near an end as Thailand entices back tourists and the central bank edges towards hiking rates. The currency’s 6% drop versus the dollar this quarter — its worst three-month performance since Covid-19 devastated sentiment in early 2020 — has coincided with the ...

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