Bloomberg The day after the European Union’s chief negotiator warned that there could be no special deal for Britain’s finance sector, the UK sent a message back: You need our banks as much as they need you. “The City of London is actually the banker for Europe,” Prime Minister Theresa May told a parliamentary committee. “It’s a significant provider of ...

Bloomberg The Czech Republic is set to leave further interest-rate increases until next year as a slowdown in inflation sidelines calls from some within the central bank to raise borrowing costs more aggressively. After raising its benchmark rate in August and November to cool price growth in one of Europe’s fastest-growing economies, the central bank will hold it at 0.5 ...

Bloomberg The International Monetary Fund lauded Egypt’s economic reform efforts but urged the central bank to be ready to take action if slowing inflation heats up. The fund sounded its note of caution as its executive board signed off on the latest review of Egypt’s reform program. The seal of approval opened the door to another $2 billion tranche of ...