Reuters JPMorgan Chase & Co, the biggest U.S. bank by assets, reported a 7.6 percent drop in quarterly profit after recording a tax expense, compared with a rare tax benefit a year earlier. The bank’s net income fell to $6.29 billion in the third quarter ended Sept. 30 from $6.80 billion in the same quarter of 2015. Earnings per …

  Frankfurt / AFP European Central Bank chief Mario Draghi will be under pressure this week to clarify the bank’s stimulus plans after investors were spooked by talk of an end to its massive bond-buying programme. The ECB governing council is not expected to make any changes to its ultra-loose monetary policy at its regular meeting on Thursday, keeping interest …

  Bloomberg The world’s largest emerging markets must double trade between their countries in the next four years and unite to fight terrorist threats that hurt economic prosperity, Indian Prime Minister Narendra Modi said. Noting intra-BRICS trade was $250 billion, Modi said: “We should set ourselves a target to double this number to $500 billion by 2020”. The eighth annual …