It’s been a surprisingly good year for Europe’s government bond markets. Yields are down across the board even though the European Central Bank (ECB) is no longer adding to its 2.7 trillion euro ($3 trillion) bond stockpile. The central bank might not be adding to its holdings, but it’s still maintaining them at that vast level and that has a ...

Prime Minister Theresa May was popular once. That may be hard to remember as she steps down in two weeks’ time, but it’s true. Just three years before her own political party forced her to step aside, she was hailed by politicians and citizens as the wisest choice to lead the UK’s separation from the European Union (EU). Then came ...

When it comes to 5G-enabled smartphones, Britain is a pretty decent bellwether: It’s one of just five countries currently rolling out the new mobile standard. So the decision by BT Group Plc, the UK’s former national carrier, not to offer 5G handsets made by Huawei Technologies Co. augurs badly for the beleaguered Chinese telecoms firm’s consumer aspirations. The mobile operator ...

NarendraModi’s emphatic re-election victory makes inevitable something that was long feared: the transformation of India from secular democracy to Hindu majoritarian state. Far from helping to reverse the global tide of illiberal figures and movements, voters in the world’s largest democracy have advanced it. Modi won with a landslide despite having failed miserably in his central mission: to create jobs ...

Bloomberg Stocks rose in Europe on Monday and markets were mixed in Asia as investors mulled three weeks of global declines amid escalating US-China trade tensions. Core sovereign bonds in the European Union advanced after mainstream parties held their ground against populists in elections. The Euro Stoxx index rose, helped by Fiat Chrysler’s proposed merger with France’s Renault, which drove ...

Bloomberg Indian equities advanced amid continued optimism that Prime Minster Narendra Modi will adopt more policies to spur growth in Asia’s third-biggest economy. The benchmark S&P BSE Sensex rose 0.6 percent to 39,683.29 in Mumbai, adding to a series of record highs this year after capping its best week in seven months. The NSE Nifty 50 Index advanced 0.7 percent, ...

Bloomberg China’s first government takeover of a bank in more than two decades has underscored the potential for increased stress at regional le- nders that piled into off-book financing in recent years. Regulators said that they would assume control of Ba-oshang Bank Co. for one year because of “serious” credit risks. The Inner Mongolia-based lender, once seen as a model ...

Bloomberg Citigroup Inc, Royal Bank of Scotland Group Plc and JPMorgan Chase & Co are among five banks named in a class action lawsuit in Australia seeking damages for colluding on foreign-exchange trading strategies. UBS Group AG and Barclays Plc were also named in the suit lodged on Monday in the Federal Court by Maurice Blackburn Lawyers. The action claims ...

Bloomberg Japan’s regional banks have long been relegated to the sidelines in one of the most lucrative corners of the lending market while regular loans got gradually less profitable. Now some are fighting back. Shizuoka Bank Ltd has lined up a network of 40 local lenders that will invest in structured assets such as project finance and non-recourse real estate ...

Bloomberg Deutsche Bank AG Chief Executive Officer Christian Sewing is targeting the investment bank for “tough cutbacks,” notably in equity trading, in a campaign to restore market confidence following the breakdown of takeover talks with Commerzbank AG. “I can assure you: we are prepared to make tough cutbacks” to the securities unit, Sewing said at the bank’s annual shareholders’ meeting ...