Bloomberg The European Central Bank (ECB) renewed its pledge to end bond-buying in the coming months, as record inflation raises the odds it will also lift interest rates for the first time in more than a decade before the year is out. The Governing Council reiterated that it will halt net asset purchases in the third quarter — an accelerated ...

  Bloomberg Bank of America Corp (BofA) joined Wall Street rivals in capitalising on market volatility while also benefiting from an increase in lending. The company’s trading operation posted $4.72 billion in revenue, down just 7.1% from a year earlier after analysts expected a 16% decline. The best results were in the equities business, which posted a 9.5% gain, the ...

Bloomberg China’s technology stocks slumped as trading resumed in Hong Kong after the long weekend, with continued concern over government regulation and a potential delisting of US-traded shares dampening sentiment. The Hang Seng Tech Index declined 3.8% from its closing level on April 14, with video-game streaming site Bilibili Inc plunging almost 11%. China is starting a two-month “clean-up” inspection ...