India’s central bank remains “extra vigilant” on inflation and needs to see the rate easing to 4% on a sustained basis, Governor Shaktikanta Das said, signaling interest rates may remain higher for longer.
The UK’s long-maturity bonds slid to send yields to the highest since 1998, on bets that the Bank of England will be forced to keep borrowing costs higher for longer.
Six men charged alongside hedge-fund founder Sanjay Shah settled their German money-laundering cases over the proceeds of Cum-Ex tax deals in Denmark and Belgium.
The opposition Labour Party overturned huge Conservative majorities to win two parliamentary seats, boosting leader Keir Starmer’s hopes of ousting Rishi Sunak as prime minister in a UK vote expected next year.
American Express Co. hasn’t seen an uptick in attrition so far after a series of changes by its largest partner Delta Air Lines Inc. sparked complaints from the credit-card giant’s customers.
Oil traders are continuing to snap up bullish options contracts as risks mount of an escalation in the war between Israel and Hamas that could drive crude higher.
A landmark condominium project in one of Toronto’s ritziest neighborhoods has been put into receivership after construction delays and cost overruns.
Wall Street’s famous fear gauge is sending worrying messages to US stock bulls, betraying growing anxiety in the volatility market over rising tensions in the Middle East and ongoing turbulence in the bond world.
Ukraine will press forward with an effort to build support for a peace formula with the so-called Global South as Malta hosts a third gathering of senior officials to discuss the blueprint this month.
Israel is staring down a currency market that’s succumbing to fears over the nation’s intensifying war with Hamas, in a standoff with traders that could determine the course of monetary policy this year and beyond.
