Bloomberg Austria’s new Chancellor Alexander Schallenberg vowed to work closely with his predecessor and future party whip, Sebastian Kurz, who was reduced to a parliamentary role by a corruption scandal. The new premier, almost two decades older than Kurz, said he’ll continue to work along the lines of a coalition program signed with the Green Party in 2020. That includes ...

Bloomberg China drained the most short-term liquidity from the banking system in a year on a net basis as it reduced support after a week-long holiday. Government bond futures slid by the most since August. The People’s Bank of China (PBOC) offered 10 billion yuan ($1.6 billion) of short-term funds to lenders, resulting in a net liquidity withdrawal of 330 ...

Bloomberg Two Bank of England (BOE) officials moved to reinforce signals of an imminent rise in UK interest rates to curb inflation, with one telling households to brace for a “significantly earlier” increase than previously thought. Michael Saunders, one of the most hawkish members of the Monetary Policy Committee, suggested in remarks that investors were right to bring forward bets ...