Bloomberg Malaysian Prime Minister Muhyiddin Yassin and his cabinet resigned after more than 17 months in power, fuelling a crisis of leadership in a country beset by a weakened economy and a surge in coronavirus cases. Muhyiddin, 74, will stay on as a caretaker prime minister until a successor is named, the palace said in a statement on Monday after ...

Bloomberg Venezuela President Nicolas Maduro released Freddy Guevara, an opposition leader who had been jailed for more than a month, so that he can act as a negotiator in political talks set to start next month. A top ally of Juan Guaido, Guevara was freed from the Caracas headquarters of the police intelligence unit known as Sebin. In video posted ...

Bloomberg Thailand’s Prime Minister Prayuth Chan-Ocha will face a no-confidence vote in parliament as the opposition parties and pro-democracy groups ratchet up pressure on his government as it struggles to contain one of the worst Covid-19 outbreaks in the region. The opposition parties submitted a motion for censure debates and no-confidence votes on Monday against Prayuth and five other ministers, ...

Bloomberg Chancellor Angela Merkel’s party bloc declined for a second consecutive week in a poll that suggests the Social Democrats are gaining ground ahead of Germany’s election in six weeks’ time. The Social Democratic Party, (SDP) which hasn’t held the chancellor’s office since 2005, pulled ahead of the Greens for the first time in a year in the weekly Insa poll, ...

Bloomberg Thailand’s central bank governor called for an additional 1 trillion baht ($30 billion) in government spending to counter coronavirus, saying the blow to the economy from the pandemic is greater than from the Asian financial crisis in 1997. The government can fund additional spending by borrowing more, Bank of Thailand Governor Sethaput Suthiwartnarueput said on Monday at a briefing ...

Bloomberg China’s central bank rolled over most of its medium-term policy loans coming due, a move to support economic growth amid a resurgence of Covid cases. Government bonds reversed earlier losses. The People’s Bank of China (PBOC) injected 600 billion yuan ($92.6 billion) into the financial system through its medium-term lending facility, close to the 700 billion yuan maturing Tuesday. ...

Bloomberg New Zealand is set to raise interest rates this week, the first advanced economy in the Asia-Pacific to begin normalizing policy, as a powerful recovery unhindered by delta outbreaks shows signs of overheating. The Reserve Bank of New Zealand (RBNZ) will lift the official cash rate by a quarter percentage point to 0.5% at its review Wednesday in Wellington, ...

Bloomberg Bank of America Corp (BofA) is boosting base salaries for junior bankers, joining firms including Perella Weinberg Partners and Evercore Inc in lifting pay to lure young talent on Wall Street. At Bank of America, first-year analysts across the global corporate and investment banking, markets, and research divisions will receive $100,000, up from $95,000, according to a person with ...

Bloomberg Bank of England (BOE) policy makers are being overly-alarmist on their outlook for inflation, economists’ forecasts suggest, casting doubt on the need for a significant tightening in policy in the years ahead. While the central bank expects inflation to hit 4% this year and slightly exceed that level in early 2022, economists surveyed by Bloomberg only see it rising ...

Bloomberg HSBC Holdings Plc agreed to buy AXA Singapore for $575 million in a push to build a global wealth hub in Singapore and fuel its expansion across Southeast Asia amid rising tension in China. The acquisition will give HSBC the eighth largest life insurer in Singapore, as well as a leading group health insurance firm, with assets of $474 ...