Bloomberg India’s retail inflation accelerated in August after easing for three months, posing a fresh challenge to the central bank’s efforts to cool prices. Consumer prices rose 7% last month from a year earlier, data released by the Statistics Ministry showed. That’s faster than an estimate of a 6.90% gain in a Bloomberg survey of economists and compares with …

  Bloomberg The euro surged the most in six months against the dollar as European Central Bank (ECB) policy makers underlined the need for further interest-rate hikes and as an anticipated slowdown in US inflation cooled the rampant demand for greenbacks. The common currency rose as much as 1.6% to $1.0198, its biggest increase since March, lent support by more …

Bloomberg The “extraordinarily loose” fiscal policy announced by UK Prime Minister Liz Truss is set to benefit UK banking stocks, analysts at Deutsche Bank said. The package aimed at combating rising household energy costs will probably prevent a short-term collapse in the economy, and at the same time encourage further interest-rate rises from the Bank of England — adding to …