shift

Some of Britain’s biggest banks have begun quietly ridding themselves of billions of pounds of assets they have found difficult to sell following the financial crisis, moving them off their balance sheets and into staff pension funds, the FT reports. * more...

The People's Bank of China set the yuan's mid-point at another record high on Thursday, marking the biggest two-day rise in the reference rate since early 2008, and prompting speculation among offshore forwards traders that it could be about to shift policy on the currency. more...

Extreme market turmoil is forcing a marked shift in central bank policy, pushing the lenders of last resort to go places they would rather not. more...

Honda Motor is studying possible production bases overseas to replace export-bound car production in Japan that has been battered by a strong yen, a top executive said on Tuesday. more...

Money is continuing to pour into emerging market bond funds, subduing the cost of borrowing for developing countries and underlining the shift in economic power away from the western heavyweights of the financial system. The FT reports. more...