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Bloomberg Donald Trump didn’t formally announce his candidacy for president at the year’s marquee conservative gathering, but inched close enough to effectively freeze the 2024 Republican field and put would-be rivals on notice that he remains both king and kingmaker. The former president’s central argument at the Conservative Political Action Conference in Orlando, Florida, was that he’s the best candidate ...

Bloomberg Hungarian Prime Minister Viktor Orban threatened to finalise the divorce between his Fidesz party and the European Union’s biggest political group after a long feud over democratic norms. The European People’s Party (EPP) is considering tightening rules that govern its membership, making it easier to expel parties that fall short of fundamental freedoms and values. EU leaders will likely ...

Bloomberg Allies of President Nayib Bukele were on track to win a landslide in El Salvador congressional elections, according to a partial vote count. Bukele’s Nuevas Ideas party and its allies appeared to have secured about two thirds of votes cast, according to a chart published by the electoral authority more than six hours after polls closed, with 13% of ...

Bloomberg The Reserve Bank of Australia (RBA) doubled down on bond purchases on Monday, spurring the biggest drop in yields in a year as policy makers around the world seek to check runaway bets on reflation. The central bank announced plans to buy more than $3 billion of longer-dated securities, following up on a surprise boost in purchases of shorter-maturity ...

Bloomberg Bank of Japan (BOJ) officials are still prepared to stem any risk of Japan’s benchmark bond yield rising too much ahead of a policy review later this month and could even act before it hits 0.2%, according to people familiar with the matter. The central bank has no pre-set yield level in mind for entering the market as it ...

Bloomberg Bank of Ireland group will cut its branch network by about a third as the pandemic drove customers online and further away from its offices. The lender will shut 88 of its 257 branches in Ireland and 15 of 28 outlets in Northern Ireland, it said in Dublin on Monday. Bank of Ireland shares rise as much as 4.4% ...

Bloomberg In the showdown between traders and central bankers over rising bond yields, the Bank of England (BOE) is aligned more with the relaxed views of the US Federal Reserve than peers in Asia and Europe that are trying to rein in markets. Addressing the topic for the first time late last week, BOE policy makers echoed Fed officials in ...

Bloomberg The Philippine peso has been under siege from rising Treasury yields and buoyant crude prices. But technicals may offer some support. The peso slumped to its lowest level in six months last week following an extension of coronavirus-led curbs in the nation and delays in vaccine rollouts. The 10-year Treasury yield’s surge to 1.6% added to the bearish sentiment. ...

Bloomberg Commerzbank AG plans to withdraw from locations including Hong Kong, Luxembourg and Hungary as part of its previously announced restructuring, according to an internal memo seen by Bloomberg. Asia sales activities will be bundled in Singapore and the Dubai branch will continue to operate as a representative office, it said. In South America, the German lender plans to sell ...

Bloomberg Japan’s central bank joined the ranks of equities with puzzling surges in valuation led by retail investors on Monday, as its shares surged by their daily limit. The stock rises 18%, the most since 2005, to 33,000 yen a share. Even experienced investors are often surprised to learn that as well as being Japan’s lender of last resort and ...