Crucial EU-Court Ruling on Polish Legacy Loans Set for June
The European Union’s top court will rule next month in a much-anticipated case over Swiss-franc mortgages that threatens to increase legacy lending costs for Polish banks.
Bloomberg Top News
Baidu’s Smart Speaker Unit to Launch a Phone Next Week
Baidu Inc. is adding a phone to its portfolio of smart gadgets as it builds out a hardware ecosystem to complement its internet services.
Ex-Citigroup Banking Research Veteran Kong Joins Singapore’s UOB
Former Citigroup Inc. analyst Robert Kong, who covered Asia lenders, has joined United Overseas Bank Ltd., according to people familiar with the matter.
Binance Moved $4.4 Billion of Bitcoin Across its Wallets, Data Indicate
Binance, the largest cryptocurrency exchange, moved about $4.4 billion worth of Bitcoin across its digital-asset wallets on Sunday based on an analysis from research company CryptoQuant.
MUFG, Liquidity Capital Plan Startup Funds in Japan and Europe
Mitsubishi UFJ Financial Group Inc. plans to start two debt funds alongside Liquidity Capital with as much as $400 million to provide financing for middle- and later stage startups in Japan and Europe.
Lynas Surges After Rare Earths Plant Wins Malaysia Extension
Lynas Rare Earths Ltd.’s shares surged after Malaysian authorities granted a six-month extension to the Australia miner to get its rare earth plant in line with environmental requirements.
Hedge Funds Face Into Bank Turmoil With Epic Short Treasury Bets
Hedge funds supercharged bearish Treasury bets to historic levels just days before the US banking turmoil took a turn for the worse and spurred a stampede for the world’s safest assets.
Violence Kills at Least 37 in India’s Border State With Myanmar
At least 37 people have been killed in clashes over access to government affirmative action benefits in India’s northeastern Manipur state but the worst of the violence appears to have been contained, local officials said.
Eskom Latest: Graft Compounds Crisis; Grid-Collapse Not Insured
On a late Thursday afternoon last November, in the midst of rolling blackouts implemented by state-owned company Eskom Holdings SOC Ltd., a contractor in the eastern Mpumalanga province pulled a plug connected to one of the site’s main generation units.
Emerging Markets Enter High-Anxiety Phase With Turkey Vote
The potential shifts in the political landscape of emerging markets this year are putting investors on edge, with a slew of upcoming elections adding to pressure on flailing bonds, stocks and currencies.