31% lower-middle-class Indians prioritise home ownership over business, travel: Survey

As record temperatures sweep Europe, governments face hard trade-offs. Bloomberg Originals explores whether the continent can adapt to extreme heat amid political turmoil and economic scarcity. (Source: Bloomberg)

The Netherlands moved some 90 tons of gold out of the Federal Reserve Bank in New York, the second European nation this year to announce it had decreased or eliminated U.S. gold holdings.

South Africa’s central bank chief Lesetja Kganyago said policymakers can afford to respond cautiously to the aftereffects of inflation shocks such as higher oil prices caused by the Iran war and a looming drought.

The dollar sank to the lowest level since May after Federal Reserve Governor Christopher Waller noted progress on inflation and as the yen surged against its major counterparts.

New York City’s transit network is planning to offer $785 million of debt backed by a levy on sales of luxury real estate.

Prime Minister Mark Carney said a trade deal with the US is still possible, but only if the terms keep Canadian automotive and steel operations competitive.