Bloomberg The Taliban have sought talks with the US to reverse its decision to use the Afghan central bank’s reserves to compensate victims of the September 11 attacks and support aid efforts in the country, a spokesman for the group said. The group will use “every diplomatic approach” to push President Joe Biden to reverse his decision and release the ...

  Bloomberg Emmanuel Macron is hosting a dinner on Wednesday for the leaders of several West African countries in Paris, where he’ll discuss his pitch to shift the focus of European forces battling an insurgency from Mali to another nation. The French president will be joined by the leaders of Chad, Mauritania and Niger, according to an official in his ...

  Bloomberg Bank of Korea (BOK) officials past and present, presidential advisers and global representatives are among potential successors to central bank Governor Lee Ju-yeol, whose impending departure is fuelling speculation over a replacement at a time of elevated inflation. Lee’s successor will inherit rapidly normalising monetary policy after two years of extraordinary stimulus to prop up a pandemic-hit economy. ...

  Bloomberg Citigroup Inc awarded Chief Executive Officer (CEO) Jane Fraser $22.5 million for her work in 2021 after she assumed the top job in February and helped guide the bank through regulatory hurdles. Fraser, 54, was granted stock awards totalling about $14.82 million, a cash bonus of $6.35 million and a $1.33 million salary, the New York-based bank said ...

  Bloomberg Singapore authorities are urging banks to impose stronger security measures to prevent more phishing scams after one of the city-state’s biggest lenders was hit by a serious case of fraud. Banks need to expand their fraud surveillance capabilities, Lawrence Wong, the finance minister and deputy chairman of the Monetary Authority of Singapore (MAS), said in parliament on Tuesday. ...

  Bloomberg Bankers based in Italy are meeting in the northern town of Parma at the Assiom Forex conference as the banking industry looks at possible consolidation amid rising profits and a resurgent economy after the pandemic. Italian lenders have cleaned up their books, curbed risks and reduced costs in last few years. Now, they are set to benefit from ...

  Bloomberg Bank of America Corp (BofA) says the worst of this year’s selloff in the municipal bond market might already be over, though there may be some additional pain in March after Federal Reserve’s rate decision. With timing of expected policy tightening at central bank now shifted to next month, first quarter should absorb most of the bearish price ...

  Bloomberg Mexican deputy central bank Governor Jonathan Heath expects the board to raise its key interest rate by a quarter-point next month, assuming the US Federal Reserve delivers an increase of that size and there are no other surprises. Going forward, the Fed’s hikes are likely to be the Banco de Mexico’s “floor,” Heath said in a video interview ...

  Bloomberg European stocks and US futures rise on Tuesday after a report fueled optimism that Russia is de-escalating tensions with Ukraine. All sectors in Europe’s Stoxx 600 Index posted gains and US benchmarks climbed. The ruble and Russian stocks rallied after Interfax reported that Russia’s southern and western armies are returning to their bases. Treasury yields advanced, while the ...

  Bloomberg Life Insurance Corp of India (LIC) will withstand the global shift towards higher interest rates because its $128 billion stock portfolio is dominated by larger companies in sectors such as financials and energy, an analysis by Bloomberg Intelligence shows. LIC, set for nation’s biggest ever initial share sale in Mumbai, has a portfolio peppered with index heavyweights such ...