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RBI all set to raise interest rates to stem capital flows

Bloomberg India’s central bank is on course to raise interest rates for a second consecutive policy meeting as it takes more decisive steps to rein in inflation and stem capital outflows. With inflation running well above the central bank’s medium-term target of 4 percent — and the outlook set to worsen as oil prices stay elevated and the currency slides ...

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JPMorgan sees ‘massive amounts’ of cash feeding M&A in Nordic region

Bloomberg There’s a lot of cash swishing about in the Nordic region and that leaves plenty of potential for more mergers and acquisitions, according to JPMorgan Chase & Co. “There’s massive amounts of dry powder both on the corporate side, where cash balances are very good, and on the private equity side, where we see a lot of activity,” said ...

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Santander sees rising loan growth

Bloomberg Banco Santander is riding Spain’s economic recovery and rising demand for loans, helping offset emerging market currency volatility and the UK slowdown. Net income of 1.7 billion euros ($2 billion) beat analyst’s estimates in the second quarter, with earnings up in Brazil even after the real tumbled. In Spain clients took advantage of the economic upswing to take on ...

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