By Kate Abnett BRUSSELS (Reuters) -The European Union could introduce a gas price cap this winter to limit excessive price…
Russia’s VTB Bank opens ‘vostro’ account at Indian branch
MOSCOW (Reuters) – Russia’s No.2 lender VTB on Wednesday said it had opened a special “vostro” account at its Indian…
U.S. mortgage interest rates jump to 7.16%, highest since 2001
(Reuters) – The average interest rate on the most popular U.S. home loan rose to its highest level since 2001…
Investors increase their bets on a 100 basis-point BoE rate hike
LONDON (Reuters) – Investors increased their bets on the Bank of England raising its benchmark rate by a full percentage…
Tapestry deepens push into China, undeterred by luxury market slump
By Casey Hall SHANGHAI (Reuters) -Baoji, an industrial city in northwest China with a population of 3 million, doesn’t conform…
European banks cash in on rising rates as clouds gather
By Tom Sims, John O’Donnell and Jesús Aguado FRANKFURT (Reuters) – Some of Europe’s largest banks warned of growing risks…
Google agrees to compliance reforms to prevent search warrant data loss
By David Shepardson WASHINGTON (Reuters) -The U.S. Justice Department said on Tuesday it had reached an agreement with Alphabet Inc’s…
India orders Google to allow third-party payments, slaps on another fine
By Praveen Paramasivam and Aditya Kalra NEW DELHI (Reuters) -Alphabet Inc’s Google should not restrict app developers from using third-party…
StanChart surprises with 40% profit jump, ups income goal on rising rates
By Anshuman Daga and Lawrence White SINGAPORE (Reuters) -Standard Chartered’s third-quarter profit surged 40% as higher interest rates boosted the…
Ex treasury secretary Mnuchin says U.S. in recession, will continue
RIYADH (Reuters) – Former U.S. treasury secretary Steve Mnuchin said on Wednesday he believed the United States was in a…