Bloomberg Mwai Kibaki, the two-term Kenyan president who fired up the economy yet saw his legacy tainted by election-related violence, has died. He was 90. His death was announced by President Uhuru Kenyatta in a televised address. “Kibaki was a quintessential patriot, whose legacy of civic responsibility will continue to inspire generations of Kenyans long into the future,” Kenyatta said. ...

  Bloomberg The Bank of Japan (BOJ) reiterated its ultra-loose monetary policy with four days of unscheduled bond buying as the widening interest rate gap with the US puts upward pressure on bond yields and weakens yen. The move comes as Japan’s benchmark 10-year yield stayed elevated at the 0.25% upper limit of the BOJ’s tolerated trading band despite announcing ...

  Bloomberg Credit Suisse Group AG’s chief executive officer (CEO) at its securities venture in China is stepping aside after less than two years on the job, becoming the second top banker at a major foreign lender in the nation to quit this month. Tim Tu informed management that he decided to pursue other opportunities within Credit Suisse, according to ...