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Bloomberg The world’s biggest banks pressed policy makers to pass an urgent Brexit fix to ensure European traders’ access to London derivatives clearinghouses and avoid rupturing 61 trillion pounds ($78 trillion) in contracts. The industry’s top lobbying associations told the European Commission, the European Union’s executive arm, that it must act fast or risk turmoil when the stopgap solution elapses …

Bloomberg New Zealand’s central bank (RBNZ ) left interest rates unchanged — defying widespread expectations of a cut — saying there are signs the domestic economy will stop slowing and that inflation will pick up. The local currency jumped. “Economic developments since the August Statement do not warrant a change to the already stimulatory monetary setting at this time,” the …

Bloomberg It took two years, but Home Capital Group Inc shares have regained all their lost ground since the Canadian alternative mortgage lender almost collapsed in 2017. Home Capital has doubled this year to become the sixth-best performing stock on Canada’s benchmark S&P/TSX Composite Index. The Toronto-based lender closed at C$29 on the Toronto Stock Exchange for a market value …

Bloomberg The European Central Bank (ecb)appointed Imene Rahmouni-Rousseau, a director at the Bank of France, as its next chief of market operations — a key role in implementing monetary policy following the resumption of quantitative easing. Rahmouni-Rousseau will take over as Director General Market Operations on February 1, replacing long-time chief Ulrich Bindseil, who now heads market infrastructure and payments …

Bloomberg Citigroup Inc said the prospect of rehiring a former trader after he was acquitted of rigging foreign-exchange markets last year is a “non-starter” following the “clearest possible breakdown in trust and confidence.” Rohan Ramchandani was fired after a swift investigation by the bank into his chatroom messages and is suing the bank in an employment tribunal in London, asking …

Bloomberg US equity-index futures retreated with stocks in Europe and Asia on Wednesday as investors digested President Donald Trump’s latest comments on trade as well as ongoing unrest in Hong Kong. Treasuries led a bond rally. Contracts on all three main American gauges pointed to a drop at the open after the S&P 500 closed just shy of a record …

Bloomberg Just as Spanish stocks were starting to rally towards this year’s highs, a coalition with an anti-austerity political party is dampening the mood once more. The benchmark IBEX 35 Index is down 2.5% since the vote that left the ruling Socialists weaker, forcing them to seek a coalition with an erstwhile foe. Only last week, the measure rose to …

Bloomberg Pakistan Petroleum Ltd (PPL) is looking to begin zinc and lead exports from next year as the nation’s largest gas explorer moves away from the fuel after a decade of zero growth in domestic production. The oil and gas explorer aims to boost revenue from its mining business to $100 million annually within three years, CEO Moin Raza Khan said. …

Bloomberg Sales for Boeing Co’s grounded 737 Max slipped in October after a prominent customer converted some of its orders for the narrow-body jet to twin-aisle 787 Dreamliners. Boeing’s unfilled 737 order backlog, adjusted for accounting considerations, shrank by 19 aircraft during the month to 4,387 jets, the Chicago-based planemaker revealed on its website. The planemaker garnered negative 93 orders …

Bloomberg Salvatore Ferragamo SpA’s sales in Hong Kong fell 45% during the third quarter as months of anti-Beijing protests held back spending by tourists and locals alike. The decline at the Italian maker of leather pumps and silk scarves exceeded the impact estimated by some rival luxury companies. LVMH, the owner of Louis Vuitton and Givenchy, previously said sales in …