Starbucks weighs Japan stake sale or IPO

China told big state-owned banks to reduce their lending in the interbank market, according to people familiar with the matter, in an effort to prevent borrowing costs from drifting too far below the policy interest rate.

Australian real estate private credit firm Qualitas Ltd. is expanding into Europe with the acquisition of a UK-based loan manager, leveraging on growing demand for commercial financing across the region.

Iranian oil shipments to China, a resilient trade that’s survived years of US sanctions to provide a crucial economic lifeline to Tehran, is coming under huge strain from waning demand and an American blockade.

The European Central Bank has hiked interest rates for the first time since September 2023 — becoming the first major central bank to react to the war in Iran. ECB Governing Council Member and Slovenia Central Bank Governor Primož Dolenc says the move is “just enough for now.” Dolenc spoke to Bloomberg's Oliver Crook in an exclusive interview just after the decision on Thursday. (Source: Bloomberg)