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  Bloomberg Sweden’s nationalists won major concessions on crime and immigration from the country’s incoming minority government even after failing to secure seats in the cabinet unveiled on Friday. Ulf Kristersson, the leader of the Moderates and incoming prime minister, said that the coalition taking over from Magdalena Andersson’s Social Democrats will include ministers from his own and two smaller ...

Bloomberg Brazil’s Luiz Inacio Lula da Silva and incumbent Jair Bolsonaro campaigned across the northeast of the country on Thursday, with both candidates trying to shore up support among the poor amid signs the presidential race is tightening ahead of the October 30 runoff. Lula, 76, said at an event in the city of Aracaju, capital of Sergipe state, that ...

  Bloomberg Asian governments spent about $50 billion in foreign-exchange reserves last month — the highest level since March 2020 — to defend their currencies from a relentless advance in the US dollar. Exante Data Inc., a firm that specialises in tracking global capital flows, estimates emerging Asian nations excluding China spent nearly $30 billion with dollar sales in the ...

  Bloomberg The yen fell to its lowest level in more than 30 years in the aftermath the hotter-than-expected US inflation report, before reversing the move in a whiplash trade that raised market chatter of potential intervention. The Japanese currency falls to 147.67 per dollar, the weakest since August 1990, before bouncing back in choppy trading. It fluctuated around the ...

  Bloomberg Apple Inc. and Goldman Sachs Group Inc. will team up to offer savings accounts to users of the tech company’s credit card. “Apple Card users will be able to open the new high-yield savings account and have their daily cash automatically deposited into it — with no fees, no minimum deposits and no minimum balance requirements,” Apple said. ...

  Bloomberg A UK lender is offering to pay bondholders higher interest to swap debt rather than risk tapping sterling’s chaotic market for fresh cash. With no sign of volatility easing yet, Shawbrook Group wants to keep investors happy by moving them to new notes that offer an 8.099 percentage-point premium over UK gilts, an extra 100 basis points versus ...

  Bloomberg Pakistan’s foreign exchange reserves dropped to the lowest level in three years as assistance from multilateral lenders and friendly countries is yet to flow. The stockpile fell by $303 million to $7.59 billion, according to central bank data. The reading is the lowest since July 2019 and covers less than six weeks of imports. “This decrease was entirely ...

Bloomberg China’s yuan fixings have steadied over the past week, spurring speculation that the central bank wants to cap currency losses using a method last seen in the US-China trade war in 2019. The People’s Bank of China (PBOC) set the yuan reference rate near 7.1 per dollar for a seventh session, a move that would support the currency around ...

  Bloomberg UK bonds surged to head for their biggest weekly rally in a decade on mounting expectations the government is preparing an imminent retreat from plans for vast unfunded tax cuts. The rally came at the end of another tumultuous week for markets, with both bonds and the pound yo-yoing on changing sentiment. UK Prime Minister Liz Truss is ...

Bloomberg A shift towards private markets is cushioning many of the world’s largest investors from the wreckage wrought by runaway inflation and spiralling interest rates. The big question now looming over giants from China’s $1.2 trillion sovereign wealth fund to California’s public pension, the largest in the US, is how long those private bets will remain insulated as the economic ...