Bloomberg Delivering yet another jolt to Russia’s central bank, last month brought a new surprise after an inflationary shock in June. The unexpected reading in the consumer-price index pushed it below the Bank of Russia’s target of 4 percent months ahead of a year-end deadline, as a surge in food costs fizzled out. But when it comes to the direction ...

Bloomberg Wealth managers’ revenue stagnated last year even as firms boosted assets by almost 4 percent, highlighting how the pressure on fees is increasingly spreading to the lucrative business of managing rich people’s money. Companies responded by cutting expenses to bring the cost-income ratio, a measure of profitability, below 80 percent for the first time since 2012, according to a ...

Bloomberg As Denmark reconsiders joining Europe’s bank union, the two biggest parties in the country’s parliament are voicing considerable skepticism. The divisions suggest it’s far from obvious that Denmark will become part of a union that so far only counts euro-zone nations. The minority coalition of Prime Minister Lars Lokke Rasmussen has given itself two years to decide. The EU-skeptic ...