Ironically, the first major central bank likely to be tested in 2022 is the most dovish: The European Central Bank (ECB). Since the December 16 unveiling of its post-pandemic stimulus policy review, there has been a gradual but persistent widening of Italian government bond yields, showing that weaning markets off unlimited quantitative easing is no simple task. As Italian ...

  After trade and technology, financial markets are shaping up to be the next front in the cold war between the US and China. Policy makers shouldn’t plunge into this battle too eagerly. Chinese regulators imposed new curbs on companies seeking to list overseas, potentially closing a loophole that technology firms have used to raise capital in the US. Broader ...

  Bloomberg Travel delays continued in the US early Sunday as a winter storm swept eastward and carriers dealt with staff shortages caused by the rapid spread of the Omicron variant. Cancellations of flights into, out of and within the US were close to 1,900 early Sunday morning, with over 600 delays already posted, according to the tracking firm FlightAware.com, ...