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  Bloomberg A new Pentagon report on the performance of billions of dollars in US weapons is marred by widespread use of a new designation that appears intended to suppress bad news under the guise of national security, according to Senator Elizabeth Warren. The Defense Department’s testing office issued two versions of its annual report last week —one posted online ...

  Bloomberg Guinea-Bissau’s President Umaro Sissoco Embalo said the situation was under control after the West African regional bloc urged soldiers to return to their barracks in a bid to prevent what could become the fourth armed coup in one of its member-nations in less than a year. “I’m fine,” Embalo said in a tweet, hours after automatic gunfire erupted ...

  Bloomberg The Bank of Japan (BOJ) shouldn’t view the issuing of a digital currency as a monetary policy option as doing so could severely damage the economy, according to a former BOJ official who led research into digital money. “Some say that negative interest rates could work more effectively with a digital currency, but I don’t think so,” said ...

  Bloomberg Deutsche Bank AG is betting the diverging policy paths between the Federal Reserve and the People’s Bank of China will result in US equities correcting further and China’s getting a boost, joining several other Wall Street banks in making the call. The German lender’s international private banking unit downgraded US equities to neutral from overweight last week, scrapping ...

  Bloomberg A stronger zloty would amplify the impact of Polish interest-rate increases, central bank Governor Adam Glapinski said, pledging to do whatever it takes to drive down spiraling inflation. “Today, the appreciation of the exchange rate would support monetary tightening and would be consistent with the direction of the central bank’s actions,” he said in response to questions from ...

  Bloomberg Australia’s central bank chief Philip Lowe signalled for the first time that interest rates could rise this year if faster wages growth returns inflation sustainably to the 2-3% target. That is “a plausible scenario” depending on how events unfold, but there are plenty of other scenarios as well, Lowe said in comments that increased his room for maneuver ...

  Bloomberg UBS Group AG Chief Financial Officer Kirt Gardner said the 1.1 billion euros ($1.24 billion) set aside to cover the cost of a French tax-evasion case are the bank’s “best estimate” of the final cost. The Swiss lender is counting on a further reduction of the French penalties after they were cut in December to 1.8 billion euros ...

  Bloomberg Toronto-Dominion Bank’s US retail-banking unit is eliminating charges for overdrafts of $50 or less, joining a parade of lenders revamping their fees amid criticism from politicians, regulators and consumer advocates. TD Bank also is giving customers who overdraw their accounts by more than that amount 24 hours to fix the issue before incurring a fee, the unit of ...

  Bloomberg Banco Santander SA pledged to increase profitability and shareholder payouts as rising interest rates in key markets from the Americas to Europe are set to boost income from lending at the Spanish retail banking behemoth. The bank also signalled it has done strengthening capital buffers after rebounding from steep losses two years ago at the onset of the ...

  Bloomberg Global stocks headed for the biggest four-day rally since November 2020 as companies from the US to Europe reported better-than-forecast earnings and dip-buying returned to technology shares. Futures on the Nasdaq 100 Index jumped 1.1%, while those on the S&P 500 added 0.4%. Europe’s Stoxx 600 Index traded above its 50-day moving average for the first time since ...