Bloomberg Iraq’s top court rejected a bid by influential cleric Moqtada Al-Sadr to dissolve parliament in the OPEC member state, a move that could spark further unrest after last month’s deadly clashes over the political standoff in Baghdad. The Federal Supreme Court rebuffed the demand on Wednesday, Iraq’s state news agency said. Iraq has been at a political impasse ...

Bloomberg Greece accused Turkey of “extremely aggressive rhetoric” that risks destabilizing the region and weakening Nato, the latest bout in an escalating war of words between the two Nato allies over tensions in the Aegean Sea. “We risk witnessing again a situation similar to that currently unfolding in some other part of our Continent,” Greek Foreign Minister Nikos Dendias wrote ...

  Bloomberg Brazil’s Supreme Court, which has become the main target of President Jair Bolsonaro’s fiery rhetoric, reinforced its security to avoid a potential attack during demonstrations expected in the nation’s capital on Wednesday. Around 10,000 police officers have been deployed to prevent riots in Brasilia, where Bolsonaro supporters will hold pro-government rallies following an Independence Day military parade. An ...

  Bloomberg Rahul Gandhi, the scion of India’s Congress party, has kicked off a 3,500 kilometer-long (2,175 miles) march across the country to revive his party’s fortunes and challenge Prime Minister Narendra Modi in elections less than two years away. The five month-long “Unite India” journey will take Gandhi, 52, and thousands of his party workers across 12 states — ...

  Bloomberg A bipartisan group of eight US lawmakers arrived in Taiwan on Wednesday, bringing the number of congressional visits this year to the highest in at least a decade as shows of support for the island’s leadership have grown. The delegation of two Democratic and six Republican members of the House of Representatives, led by Florida Democrat Stephanie Murphy, ...

  Bloomberg The dollar steamrolled through Asia Wednesday as bond market bets on higher-for-longer US rates gave fresh fuel to the greenback’s rally, triggering a vocal pushback from regional officials. A gauge of the greenback climbed to a record, helped by what has become the steepest-ever surge in real yields. The yen dropped to a fresh 24-year low, the won ...

  Bloomberg The Bank of Canada is expected to pull off a coveted soft landing, bringing soaring inflation back to near its 2% target without tipping the nation’s economy into a major downturn. A wide-ranging Bloomberg survey of 21 economists on Bank of Canada policy found that the central bank took a credibility hit with a late response to inflation. ...

Bloomberg Philippine central bank Governor Felipe Medalla signaled readiness for as many as three more quarter-point increases to interest rates, depending on the pace of the Federal Reserve’s monetary tightening. In a scenario where the Fed increases rates by 75 basis points and delivers one more hike after that, Bangko Sentral ng Pilipinas will probably be doing not more than ...

Bloomberg Mitsubishi UFJ Financial Group Inc. plans to sell about 86 billion yen ($608 million) worth of Marelli Holdings Co. loans to Deutsche Bank AG, as the auto-parts supplier undergoes a court-led rehabilitation. The Japanese bank has already written off most of the amount, and is seeking to recover income by selling the debt. The bank is seeking to complete ...

  Bloomberg HSBC Holdings is trimming the number of bankers focused on Chinese debt issuance amid a slump in bond deals from the world’s second-largest economy. Two vice presidents, who covered China debt markets, are leaving the firm, according to people familiar with the matter. With that the Hong Kong-based team covering Greater China debt capital markets will shrink to ...