Southeast Asian nations no longer want your trash. Last week, Malaysia announced it was sending 3,300 tons of scrap plastics including CDs, insulated electric cables and milk jugs back to countries ranging from Australia to Bangladesh, Canada, China and Japan. Days later, the Philippines shipped back 69 containers of dirty Canadian diapers and other refuse brought into the country between ...

Pity Europe’s banks. For years, they have been in retreat, losing business in their own back yards to Wall Street rivals. Now the battlefront is shifting – but what looks like an opportunity to gain ground may be just the opposite. In wholesale banking, the pursuit of growth has moved away from the dealing floor – where revenue has been ...

The value of all cryptocurrencies in circulation is about $275 billion, which is around the same level as late November 2017. But a lot has happened in between, with values soaring to more than $800 billion at the every end of that year, and then plunging to barely $100 billion in late 2018. The wild swings are not unlike the ...

Bloomberg US stocks struggled to hold onto a sixth straight gain as investors weighed the outlook for trade talks and interest rate policy. Treasuries were steady and the dollar edged higher. The S&P 500 Index erased most of its advance near midday as gains in tech hardware makers were offset by losses for industrial companies. Mining and automobile shares pulled ...

Bloomberg Indian equities capped a third day of gains as investors picked out value in a market that’s one of the region’s best-performers this year. The benchmark S&P BSE Sensex climbed 0.4 percent to 39,950.46 at the close in Mumbai, paring a larger gain, and the NSE Nifty 50 Index advanced by the same magnitude. India’s key equity indexes have ...

Bloomberg Deutsche Bank AG investment-banking head Garth Ritchie and former co-Chief Executive Officer Anshu Jain were swept into a widening German probe on dividend tax payments, adding to strain on top leadership as the shares hover near record lows. Ritchie and Jain joined a growing list of potential targets for prosecutors investigating the so-called cum-ex tax scandal that’s rocked Germany’s ...

Bloomberg Swiss franc bulls have history on their side as speculation grows that the Federal Reserve is about to cut rates. The franc was the best-performing currency during the past four rate-cutting cycles, according to JPMorgan Chase & Co. It’s already rallying as Treasury yields plummet, evidence the pattern might repeat. JPMorgan believes it will, leading the bank to upgrade ...

Bloomberg Central bank policy makers in Stockholm could soon be forced to follow a growing number of their colleagues abroad in abandoning plans to tighten as inflation is starting to fade. A key report at the end of this week is predicted to show that Swedish inflation once again fell below the 2 percent target, and is even slower when ...

Bloomberg The Bank of England (BOE) doesn’t have to wait until all political uncertainty around Brexit is resolved to raise interest rates, according to policy maker Michael Saunders. The economy will probably move to “significant excess demand” over the next two to three years if Brexit goes smoothly, Saunders said, and will need monetary tightening as a result. Consumer spending ...

Bloomberg The European Central Bank (ECB) is willing to cut interest rates, resume bond purchases or strengthen its promises to keep borrowing costs low if necessary to battle economic weakness, policy maker Olli Rehn said. “The Governing Council is determined to act and stands ready to adjust all of its instruments, as appropriate,” Rehn, who heads Finland’s central bank, said ...