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Unlike some of his peers, UniCredit SpA Chief Executive Officer Jean Pierre Mustier can’t be faulted for wavering. In his three years on the job, he has sold assets and cut costs to put Italy’s largest bank on a more solid footing. He now faces a much harder task: finding growth. While the headline first-quarter results the lender were the ...

The UK has been a leader in the fight against climate change, reducing its carbon dioxide emissions by more than 40 percent from 1990 levels. Now the government’s Committee on Climate Change wants to set a far higher goal: net-zero greenhouse-gas emissions by 2050. Although short of what climate activists in London have lately been demanding, this target is still ...

Hong Kong’s stock exchange is poised to lose its crown as the world’s leading IPO fundraising venue again, and this time there may be no easy way back. The bourse trails in third place behind the Nasdaq and New York exchanges so far this year, having topped the global rankings in three out of four years between 2015 and 2018. ...

Good things come to those who wait. If you’re a Commerzbank AG shareholder, that could be a very, very long time. The German lender is midway through a revamp that aims to revive profitability, in part, by gaining customers. On May 8, Commerzbank showed it has been steadily winning those new clients. But it’s still far from clear whether the ...

Even before markets opened last week, President Donald Trump set the tone with a pair of tweets that threatened additional tariffs on China and lamented that a trade deal was coming along “too slowly.” Instinctively, investors’ eyes were glued to the S&P 500 Index, watching to see whether it would tumble from its recent record levels. The benchmark hung tough ...

Bloomberg All it took was two lunchtime tweets, sandwiched between posts complaining about the results of the Kentucky Derby and another gripe about “Angry Democrats,” for investors around the world to rip up their playbooks for 2019. What has replaced those playbooks now that US President Donald Trump has made good on his Twitter threats to boost tariffs on $200 ...

Bloomberg Bitcoin surged more than $1,000 this weekend to the highest level since August, as cryptocurrencies extended their rebound from a slump last month amid the New York attorney general’s investigation of a key part of the market. Bitcoin rose as much as 6.9 percent to $7,445, before trading at $7,323.86 in Hong Kong on Sunday, according to Bitstamp. All ...

Bloomberg A posse of Federal Reserve policy makers met with skepticism when they described ways to potentially improve their management of the economy. Participants at a Hoover Institution monetary conference questioned whether the central bankers have the will or the way to implement the fresh strategies they outlined, including average inflation targeting. The experts also voiced concern that the US ...

Bloomberg India’s biggest investors in shadow bank debt are getting cold feet, spelling more trouble for the hard-hit sector. Mutual fund investments in commercial paper and bonds that mature within 90 days dropped to 3.24 trillion rupees ($46.4 billion) at the end of March, the lowest in six quarters, data from the securities regulator show. The fallout from shock defaults ...

Bloomberg The Philippine central bank cut its benchmark interest rate and will consider easing the reserve ratio for lenders next week to boost economic growth from a four-year low. Bangko Sentral ng Pilipinas lowered the overnight borrowing rate by 25 basis points to 4.5%, the first reduction since an operational adjustment to the rate in 2016. The Philippines joins Malaysia ...