Bloomberg China’s central bank said it will maintain the exchange rate of the yuan at “basically stable” levels after recent comments by its officials who suggested the currency be allowed to appreciate and authorities should eventually let up on controlling it. The future trend of the exchange rate will be decided by supply and demand, as well as changes in ...

Bloomberg Deutsche Bank AG has appointed a new head of investment banking coverage in the UK and Ireland. Daniel Ross will join the German lender in September from Barclays Plc, where he was vice chairman of UK investment banking and global head of media, according to a statement. Based in London, Ross will report to Patrick Frowein and Berthold Fuerst, ...

Bloomberg CBZ Holdings Ltd, the biggest bank in Zimbabwe, plans to list on the US dollar-denominated stock exchange in Victoria Falls, as part of efforts to ignite foreign interest in the lender. The firm is “actively exploring” a listing, which could address concerns for foreign investors of having funds stuck in the country, Chief Executive Officer (CEO) Blessing Mudavanhu said in ...