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Bloomberg Labor Secretary Alex Acosta doesn’t plan to resign over his association with financier Jeffrey Epstein and was expected to hold a conference on Wednesday, a Department of Labor official said. Acosta has come under increased pressure since Epstein’s indictment for conspiracy was revealed. In 2008, Epstein pleaded guilty to state charges in Florida in order to resolve similar allegations ...

Bloomberg The woman designated to be the most powerful official in the European Union said she hopes the UK changes its mind and stays in the bloc after all. In a clear indication that she will try to prevent the UK leaving without a deal, Ursula von der Leyen, nominee for next European Commission president, told EU lawmakers that if ...

Bloomberg Television Broadcasts (TVB) Ltd, Hong Kong’s dominant broadcaster, has come under attack on social media for its alleged pro-Beijing bias in the coverage of recent political protests in the city, with campaigners urging companies to pull their commercials. Organisers of the drive have managed to score at least one win. Sports drink brand Pocari Sweat, owned by Japanese health ...

Bloomberg Mexican President Andres Manuel Lopez Obrador, under pressure after the resignation of his finance minister, warned other officials may quit his government as part of the deep policy changes he is leading. “In a democratic government there are always differences and disagreements,” Lopez Obrador said at his daily press conference. “You have to get used to the changes and ...

It looks as if Vladimir Putin wants to be recalled as something besides being an aggressive autocrat. He yearns, it seems, to be seen as a leading political thinker, respected for his analysis as well as feared for his actions. This is a reasonable reading of Putin’s recent interview with the Financial Times, which included his remarkable declaration that the ...

Desperation is creeping into India’s economic policy-making. Having lost the fiscal plot, bureaucrats are trying to marshal resources by squeezing taxpayers, foreign investors, firms planning buybacks and even the central bank. Such overreach never ends well. Tax collections last year were a full 1 percentage point of GDP lower than the 7.9 percent the government had hoped to obtain. Rathin ...

For the bond market’s “tale of two cities,” look at Rome and Vienna. Both Italy and Austria have come to the market recently with ultra-long duration debt sales. It’s remarkable that the latter managed to get a 98-year issue away with a 1.17 percent interest rate, but Italy’s 48-year offer this week at a near 3 percent yield is pretty ...

It’s getting harder and harder to imagine the new Nafta successfully ratified during this Congress. And Donald Trump has only himself to blame for that. For one thing, the White House strategy on getting the United States-Mexico-Canada Agreement ratified is still incoherent at best. As Bloomberg’s Jenny Leonard reports, there are at least two factions, surrounding Vice President Mike Pence ...

Market participants will know soon enough whether the US Federal Reserve has led them into another “dove trap” and will need to reel in expectations for interest-rate cuts. The next 48 hours will be critical in markets, with Fed Chairman Jerome Powell appearing twice before Congress for his semi-annual testimony and the release of the minutes from the central bank’s ...

Deutsche Bank AG has given up waiting. After years spent adrift hoping that its ambitions to compete with Wall Street would come good again, Germany’s biggest bank has sounded the retreat. Chief Executive Officer Christian Sewing’s overhaul may not be particularly imaginative — but it is what the lender needs if it is to do more than just survive. After ...