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Bundesbank lifts German growth outlook for 2016, 2017

  Berlin / AFP Europe’s largest economy Germany is “on a sound upward path” for faster-than-expected growth in 2016 and 2017, its central bank said, but remains at risk from Donald Trump and Brexit. Germany’s “main driver is buoyant domestic demand, which is being bolstered by the favourable situation in the labour market and by rising household income,” Bundesbank president ...

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Banks in UK plan Paris move on Brexit

  London / AFP International banks have enquired about switching operations from London to Paris following Britain’s vote in favour of exiting the European Union, according to a senior official at France’s markets regulator. “Large international banks… have already undertaken real due diligences and we have received a lot of practical questions regarding the way they are going to be ...

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Rupee carry appeal boosted by India rate surprise before Fed

  Bloomberg Here’s a silver lining for India’s bond bulls stung by losses after the central bank’s surprise decision not to cut benchmark interest rates — better rupee outlook. Analysts say the Reserve Bank of India panel’s move to hold rates, which caused the benchmark 10-year yield to jump the most since 2013, could revive overseas demand for rupee debt ...

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