Bloomberg Sweden’s coalition of right-wing parties looks set to secure a narrow victory in a general election that promises to rewrite the political map in the Nordic region’s biggest country. The likely victory hinged on the rise of the anti-immigrant party, the Sweden Democrats, which saw the biggest gains of any of the parties on Sunday and now makes them ...

  Bloomberg King Charles III vowed to uphold parliamentary democracy and follow the “selfless duty” of his mother, Queen Elizabeth II, in a key address at Westminster Hall that offered a glimpse of how he intends to carry out the role of monarch. Receiving messages of condolences from the Speakers of the House of Commons and the House of Lords, ...

  Bloomberg The euro surged the most in six months against the dollar as European Central Bank (ECB) policy makers underlined the need for further interest-rate hikes and as an anticipated slowdown in US inflation cooled the rampant demand for greenbacks. The common currency rose as much as 1.6% to $1.0198, its biggest increase since March, lent support by more ...

Bloomberg The “extraordinarily loose” fiscal policy announced by UK Prime Minister Liz Truss is set to benefit UK banking stocks, analysts at Deutsche Bank said. The package aimed at combating rising household energy costs will probably prevent a short-term collapse in the economy, and at the same time encourage further interest-rate rises from the Bank of England — adding to ...

Bloomberg The yen rebounded as traders mulled comments from Bank of Japan Governor Haruhiko Kuroda on the currency’s decline amid a broad dollar selloff. The dollar-yen pair fell 1.3% to around the 142.20 level, after climbing for four straight sessions. Kuroda held a meeting with Prime Minister Fumio Kishida in a sign of the nation’s heightened alert levels. “Sudden moves ...

  Bloomberg Australia’s central bank will dial back the pace of policy tightening to quarter percentage-point moves from next month as it tries to navigate a path to cooling inflation while maintaining economic growth. Three-quarters of economists surveyed by Bloomberg expect the cash rate will rise to 2.6% from 2.35% at the Reserve Bank’s October 4 meeting. The poll was ...

  Bloomberg Scions from two of Singapore’s most prominent families are boosting their involvement in digital assets. Whampoa Group, a multi-family office anchored by principals from the Lee family that founded Oversea-Chinese Banking Corp. and Amy Lee, the niece of the city-state’s founding prime minister, wants to spin out its asset-management business for digital investments. Family offices tend to be ...

Bloomberg Goldman Sachs Group Inc is embarking on its biggest round of jobs cuts since the start of the pandemic. The Wall Street titan plans to eliminate several hundred roles starting this month, according to people with knowledge of the matter. While the total number is less than some previous rounds, the reductions are a resumption of Goldman’s annual culling ...

Bloomberg China’s credit growth recovered in August from a record low after the central bank cut rates and pushed banks to lend more, although still anemic household borrowing and the return of shadow banking suggest that real demand for loans is still not strong. Aggregate financing to the economy, which is a broad measure of new credit, was triple the ...

  Bloomberg European stocks and US futures extended a rally and the dollar retreated as traders bet inflation is near peaking even as policy makers ramp up hawkish rhetoric. The Stoxx Europe 600 index climbed for a third day, with retailers and miners leading the advance and all major regional benchmarks in the green. Futures on the S&P 500 and ...