Bloomberg Top News

Just a few weeks ago, in an unlikely corner of European finance, one of the continent’s most notorious trades may have reappeared.

Ben Brazil, who helped turn Macquarie Group Ltd.’s leasing and lending business into a major earnings driver, has built up almost $2 billion in funds to target distressed assets.

Asian shares rose alongside US futures as investors looked past further stress among regional American banks to the prospect of the Federal Reserve reversing its policy-tightening campaign.

Indonesia’s economy accelerated last quarter as the nation benefited from strong domestic consumption, even as exports took a knock from slowing global demand.

ANZ Group Holdings Ltd.’s first-half profit met analyst expectations as margin pressure offset a move to claw back a larger chunk of the mortgage market.

Philippines’ overall inflation cooled for a third straight month in April from a year ago and was below all analysts estimates, supporting the case for a pause in monetary policy tightening.

A free-trade agreement between Australia and the UK will take effect May 31 as Prime Minister Anthony Albanese highlighted the deflationary benefits of the deal during a visit to London for King Charles III’s coronation.

BMW AG is the latest carmaker to upgrade its recall of vehicles with Takata airbags, telling owners to park the 90,000 affected sedans and SUVs until the defective equipment has been replaced.

The family behind Taylor’s Education Group is exploring the sale of a minority stake in a unit that owns private universities in Malaysia and Vietnam, according to people with knowledge of the matter.

The Pentagon is seeking a meeting between Defense Secretary Lloyd Austin and his Chinese counterpart in Singapore next month, according to people familiar with the matter, as the Biden administration tries again to restart military contacts despite China’s earlier refusal.