Bloomberg Top News

Several Credit Suisse bankers focused on private financing in Southeast Asia are leaving the firm, joining an exodus of staff following the takeover by Swiss rival UBS Group AG.

Australian house prices are poised for an annual rebound during a policy tightening campaign for the first time since at least the early 1990s, when the Reserve Bank began inflation targeting and entered the modern era.

But bottles of Screaming Eagle Cabernet broke world records.

Australia’s central bank Governor Michele Bullock pointed to a series of obstacles to bringing inflation back to target that range from sticky services prices to repeated global shocks including the Israel-Hamas war.

A chasm is opening up on Wall Street over the direction of the yen.

BHP Group Ltd., the world’s biggest miner, said it agreed to sell two more Australian coking coal operations to Whitehaven Coal Ltd. as it extends its withdrawal from fossil fuels.

U.S. Bancorp promised federal regulators it would shrink its balance sheet and reduce its risk profile, a move that frees it from more stringent regulations.

Asian stocks are set for mild gains after US equities struggled and Treasuries slumped following data reinforcing the case for the Federal Reserve to keep interest rates higher for longer. Oil climbed as the Israel-Hamas conflict intensified.

Integral Corp. looks to accelerate growth by leveraging funds raised in its initial public offering last month, a rare public listing for a Japanese private equity firm. It aims to launch a fund of about $3.3 billion in four or five years.

President Joe Biden will not visit Jordan after the country canceled plans for a summit with Egyptian and Palestinian leaders, according to a White House official, a blow to diplomatic efforts to contain a war between Israel and Hamas that threatens to engulf the region.