Bloomberg China accused the US of exaggerating the dispute over a balloon the Biden administration says was conducting surveillance, signaling the nations remain at odds over an issue that’s rekindled tensions. “The unintended entry into US airspace of a civilian, unmanned Chinese airship, this is an isolated, unexpected incident,” Chinese Foreign Ministry spokeswoman Mao Ning said Friday at a regular ...

Bloomberg Italian Prime Minister Giorgia Meloni doubled down on her criticism of French President Emmanuel Macron over a dinner he hosted with Ukrainian President Volodymyr Zelenskiy ahead of a European Union summit, calling the invitation “politically wrong.” Speaking on Friday after the EU talks, she said a private meeting in advance that “privileges the internal public opinion of some leaders ...

  Bloomberg Global investment banks including JPMorgan Chase & Co. and UBS group AG are renewing efforts to gauge investor interest in Chinese developer bond sales, in hopes of revitalizing a key business following a yearlong deal drought. Hong Kong-based debt capital market bankers have been approaching the investors, encouraged by the recent return to the primary market by major ...

  Bloomberg Japanese Prime Minister Fumio Kishida will nominate Kazuo Ueda, a professor and former Bank of Japan (BOJ) board member, to take the helm of the central bank from April, according to people familiar with the matter, in a shock move that sparked sharp moves in the yen. The decision blindsided investors who had expected long-time front-runner and Deputy Governor ...

  Bloomberg NatWest Group Plc plans to further restrict its financing of the oil and gas industry. The UK bank will no longer provide so-called reserve based lending for new customers, it said. From the end of December 2025, NatWest will no longer renew, refinance or extend reserve based lending for existing customers. “We want to ensure our capital is ...

  Bloomberg Flowdesk, a French cryptocurrency trading technology firm backed by Ledger and Coinbase Ventures, plans to more than double its workforce and expand overseas even as the wider digital asset sector reels from last year’s selloff. The company intends to grow its team to 140 employees from 60 by the end of March, with staff distributed across locations in ...

  Bloomberg Mexico and Peru are forecast to extend their biggest-ever series of interest rate rises as they struggle to contain a rebound in price gains. In Mexico, the central bank’s inflation goals have been hampered by soaring food costs, while Peru’s policymakers are trying to keep the economy stable amid the mass unrest which has paralysed swathes of the ...

  Bloomberg The Bank of Canada (BOC) wants to reinvigorate its interest-rate setting process, bringing an outside voice to the table next month amid a broader effort to bolster its credibility. HEC Montréal economics professor Nicolas Vincent will become the first “non-executive” member of the central bank’s six-person governing council ahead of its March 8 decision. He is set to ...

  Bloomberg Stocks fell with US futures and Treasuries extended a selloff as investors bet monetary policy will be more hawkish than previously expected. Oil rose after Russia said it will cut output. Tech and health-care sectors were among the worst performers in European equities, while the region’s bonds also fell. Adidas AG slumped as it warned of losses after ...

Bloomberg Adani group stocks were mostly lower on Friday after a review by MSCI Inc. spurred concern about passive outflows from shares already reeling from the rout triggered by US short seller Hindenburg Research’s scathing report. Seven of the conglomerate’s 10 stocks were lower in Mumbai after the global index provider cut the amount of shares it considers freely tradable ...