Bloomberg South Korean President Yoon Suk Yeol told Li Zhanshu, China’s top legislator, that he doesn’t want a US-made missile shield deployed by Seoul to become “an obstacle to relations” after Beijing slammed its use. The talks on Friday in Seoul with China’s National People’s Congress chairman took place after Yoon floated expanding the system known as Thaad — Terminal ...

Bloomberg Azerbaijan and Armenia reported that a truce appeared to be holding after border clashes that killed more than 200 troops on both sides in the worst fighting between the Caucasus neighbors since a 2020 war. Armenian Prime Minister Nikol Pashinyan said the situation remained “very tense” in separate calls with US Secretary of State Antony Blinken, Russian President Vladimir ...

  Bloomberg President Jair Bolsonaro’s late-campaign push looks to have fizzled for now, apparently leaving him a bit further behind challenger Luiz Inacio Lula da Silva just two weeks before Brazilians cast their ballots, according to the latest DataFolha poll. Lula would take 45% of the first-round vote, holding firm from a week ago. Bolsonaro would win 33%, down a ...

Bloomberg In the oldest part of Parliament, Queen Elizabeth II’s coffin lies guarded by iconic ‘Beefeaters’ and other members of Britain’s military elite —the silence in cavernous Westminster Hall broken only by the sound of metal and boot on stone when the watch changes at 20-minute intervals. On either side, people in T-shirts and jeans, or work suits, or shorts ...

Bloomberg Apollo Global Management Inc and BNP Paribas SA are among investors showing interest in acquiring at least part of Credit Suisse Group AG securitised products group, people with knowledge of the matter said. The Zurich-based firm is exploring deals to sell the entire business, while potential investors may pitch to acquire specific portfolios or risk classes, the people said, ...

  Bloomberg Australia’s central bank chief Philip Lowe said the case for outsized interest-rate increases has “diminished” now that the cash rate is approaching “more normal settings,” suggesting smaller moves ahead. The Reserve Bank’s board will debate the merits of hiking by a quarter-percentage point or a half-point at its October 4 meeting, Governor Lowe said in response to Australian ...

Bloomberg An overvalued dollar is now the only possible hedge for what’s turning into the biggest destruction of shareholder value since the global financial crisis, according to macro strategists at Citigroup Inc. With global equities already down $23 trillion in 2022, the greenback’s inverse relationship to risk assets makes it the only game in town for at least the rest ...

Bloomberg Bank of America Corp (BofA) is starting a paid sabbatical program to reward its long-term employees, starting with four weeks off for those who have spent 15 years with the company. Beginning next year, the bank will offer time off to let employees “reinvest in their priorities in life,” according to a memo seen by Bloomberg News. The move ...

  Bloomberg China’s bond traders are growing less optimistic about the prospects for more monetary easing, if the derivatives markets are anything to go by. The nation’s one-year interest rate swaps, which show investor expectations of funding costs in the future, climbed for the seventh straight day on Friday in their longest rising streak since August 2019. That’s because China’s ...

Bloomberg Russia’s central bank signalled it’s close to taking a pause from easing monetary policy after delivering the smallest interest-rate cut of the current cycle, as renewed risks of inflation prompt more caution. Governor Elvira Nabiullina said “we are close to the conclusion of the easing cycle,” with the central bank describing current monetary conditions as “overall neutral.” Policy makers ...