Bloomberg Rolls-Royce Holdings Plc plans to eliminate 3,000 jobs in the UK this year, the first wave of cuts that could ultimately see the jet-engine maker emerge from the downturn a much smaller business. The London-based manufacturer said it expects to trim a total of 8,000 positions from the aviation division. This would make up the bulk of the 9,000 …

Bloomberg China’s central bank said it will temporarily purchase loans made to small businesses from some local banks, a new policy to boost the supply of lending to the real economy. The plan will use 400 billion yuan ($56 billion) from a separate program to buy 40% of unsecured loans to small and medium-sized firms with maturities of at least …

Bloomberg The two British institutions that dominate Hong Kong’s banking system backed Beijing in the standoff over a proposed new security law, joining Jardine Matheson Holdings Ltd. and some of the city’s biggest developers in wading into the political minefield of the former colony’s future. HSBC Holdings Plc, born in the 19th century as the Hongkong and Shanghai Banking Corp., …