Bloomberg Goldman Sachs Group Inc has started axing at least 25 investment bankers in Asia as a drought in dealmaking prompts cuts across sectors, people familiar with the matter said. The cuts span its equity capital markets, healthcare and telecommunication, media and technology teams in Asia, the people said, asking not to be identified because the matter is confidential. The …

  Bloomberg A slide in cryptocurrencies sent Bitcoin to a three-month low as sentiment took a knock from a wave of monetary tightening that’s set to stretch from Europe to the US this week. The largest digital token sank as much as 7.4% and was trading at $18,644 in New York. That’s the lowest since digital-asset prices tumbled after the …

  Bloomberg Gold kicked off a pivotal week seeing fresh declines as the dollar strengthened, with investors bracing for a Federal Reserve rates decision that risks putting more pressure on the precious metal. The metal slid as much as 0.9%, extending a slump over the past month in the face of the dollar’s relentless gains.

Bloomberg Stocks fell with US equity futures, giving up early gains, as traders braced for another supersized US rate hike amid rising anxiety the Federal Reserve could overtighten and raise the odds of a hard landing. The Stoxx 600 Index dropped 0.8%, paced by losses on real estate and miners. US equity futures also declined after briefly trading higher, with …

  Bloomberg Nasdaq Inc is making its first major push into crypto, as the second-largest stock exchange prepares to capitalise on increasing appetite for digital currencies among big-money investors. A new group dedicated to digital assets will initially offer custody services for Bitcoin and Ether to institutional investors, according to Tal Cohen, the company’s executive vice president and head of …

Bloomberg The European Central Bank (ECB) will limit purchases of longer-term debt issued by companies that rank poorly under a new scoring system created to screen out polluters and tackle climate change. The maturity limit will cut the “longer-term exposure of the Eurosystem to transition risks,” according to a statement. The ECB will also give “special treatment” to green bonds …

  Bloomberg The UK’s Financial Conduct Authority (FCA) published a warning to consumers about Sam Bankman-Fried’s crypto exchange FTX, saying it isn’t authorised by the regulator to offer financial services or products in the country. The regulator said on its website that Bahamas-based FTX “is targeting people in the UK,” adding that investors are “unlikely to get your money back …

  Bloomberg US banking regulators are considering asking large regional banks to add to financial cushions to make it easier to wind them down in a future crisis, Dow Jones reported citing people familiar with the matter. New rules under consideration include requirements for regional banks to raise long-term debt that can help absorb losses in case of insolvency, extending …

  Bloomberg Singapore’s dollar has established itself as Asia’s most resilient currency against the US dollar this year, and some strategists are betting on more strength if price pressures force the nation’s central bank to tighten its exchange-rate policy again next month. Goldman Sachs Group Inc, Citigroup Inc and MUFG Bank Ltd are among banks that are bullish on the …

  Bloomberg Stocks slid with US equity futures in a cautious start on Monday as investors await a slew of interest rate decisions in the days ahead and after global equities notched their worst week since hitting this year’s low in June. Futures on the S&P 500 index dropped 1% along with the Nasdaq 100, indicating extended declines for the …