Bloomberg The Bank of Russia reduced interest rates for a second time this year and signalled more cuts to come, as inflation and economic growth slow. The key rate was cut to 7.25 percent from 7.50 percent, according to a statement. The move was forecast by all but one of the 40 economists polled in a Bloomberg survey, with the ...

Bloomberg Berkshire Hathaway’s stake in Bank of America (BofA) crept above 10 percent, crossing a threshold that’s caused the conglomerate headaches in the past, as the bank bought back its own stock. Berkshire said in a regulatory filing that it owned 950 million shares in the lender, a holding that put it above a 10 percent ownership stake. The total ...

Bloomberg A day after the first doubts emerged about Deutsche Bank’s fresh turnaround plan, the European Central Bank (ECB) stepped in to allay at least some of them. The ECB said it will study options to mitigate the punitive effect of negative interest rates on euro area banks, pushing Deutsche Bank’s stock to the highest in almost three months. The ...