Bank of Korea Governor Rhee Chang-yong said that it’s premature to bet on a pivot in monetary policy even with price pressures easing, because inflation remains above the central bank’s goal.
Deutsche Lufthansa AG said first-quarter earnings at its air cargo division fell as global freight rates declined, denting a continued recovery in demand for summer tourism travel.
Brent crude futures fell below $75 a barrel for the first time since March as traders fret about the health of the global economy.
China and Vietnam have tumbled to join North Korea at the very bottom of the latest World Press Freedom Index, while the US moved down three spots.
Go Airlines India Ltd.’s slide into bankruptcy has left travelers frustrated and confused, with many worried about how expensive re-booking tickets may be against the spiraling cost of air fares.
UniCredit SpA raised its full-year profit target and said it will boost shareholder payouts, after a surge in lending revenue helped the bank post its best-ever first-quarter.
European stocks and US futures advanced, bouncing from Tuesday’s losses, ahead of a Federal Reserve meeting at which policymakers are expected to extend their rate-hike cycle.
The expansion of Wall Street firms and Saudi government bodies is boosting banker salaries in the kingdom
When UBS Group AG integrates Credit Suisse Group AG in the coming months, the Swiss bank plans to run staff from the scandal-prone former rival through what Chairman Colm Kelleher dubbed a “culture filter” to weed out potential bad apples.
Switzerland’s lower house passed a bill to ban systemically relevant banks from paying some bonuses, limiting payouts for top executives and risk managers.
