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Qatar shares most volatile globally amid rising tension

Bloomberg As an unprecedented diplomatic crisis spreads through the Gulf with Qatar at its center, one thing is certain: the country’s stock market has become the world’s most volatile. It’s difficult for investors to assess the impact to the country’s $135 billion stock market as the disagreements mark an unprecedented low in the relationship between the Arab countries, in particular ...

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Santander to take over Popular as ECB says bank was failing

Bloomberg Banco Santander SA agreed to buy Banco Popular Espanol SA for a nominal 1 euro ($1.13) after European regulators determined that the troubled lender was likely to fail and ordered it to be sold. Santander will raise about 7 billion euros through a rights offer to bolster Popular’s balance sheet, it said in a regulatory filing on Wednesday. The ...

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India’s RBI keeps interest rates steady

Bloomberg India kept interest rates unchanged as expected, as the central bank shrugged off slowing growth and vowed to continue to assess whether a drop in inflation to a record low in the $2 trillion economy was transitory. The Reserve Bank of India, led by Urjit Patel, kept its benchmark repurchase rate at 6.25 percent while maintaining its neutral stance, ...

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