Bloomberg The Philippines protested China’s “incessant deployment, prolonged presence and illegal activities” around Thitu Island in the South China Sea, the latest manifestation of lingering tensions between the nations. The Southeast Asian country is demanding China withdraw maritime assets and fishing vessels, the Department of Foreign Affairs said in a Twitter post. The island it refers to as Pag-asa “is ...

Bloomberg The euro’s charge towards a three-year high is stumbling as the European Central Bank quashes expectations that it’s anywhere near paring back emergency stimulus. The ECB is increasingly expected by economists and investors to extend its elevated pace of emergency bond-buying at a June meeting, even as the continent’s vaccination program surges forward and economy rebounds. That’s putting a ...

Bloomberg Canada’s biggest banks are signaling that financial issues from the Covid-19 crisis are largely in the rear-view mirror in North America — and earlier than analysts had expected. After a year of stockpiling record amounts of capital to protect against a wave of loan defaults, Royal Bank of Canada and Toronto-Dominion Bank — the country’s two largest banks — ...