Bloomberg United Nations Secretary-General Antonio Guterres won support from the UN Security Council on Tuesday for a second five-year term at the world body he’s led since 2017. Guterres, a 72-year-old former prime minister of Portugal, has struggled to forge diplomatic compromises in troubled hot spots amid deepening rifts between the US and its key rivals, Russia and China. He ...

Bloomberg Japanese banks are in a bind — again. Sitting on record levels of excess cash, lenders are turning to riskier investments that need complex foreign exchange hedges, such as US Treasuries, to make a return on deposits that ballooned during the pandemic. Many will be seeking to avoid past mistakes. The surplus, calculated by subtracting bank loans from deposits, ...

Bloomberg Market watchers haven’t been this bullish on State Bank of India in almost two decades, as they bet on the lender’s improving asset quality to help it weather the pandemic. Among 48 analysts who cover the stock, 47 recommend buy and only one has a hold rating — a ratio of 98% that’s the highest since June 2004, according ...