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ECB’s Knot wants at least two more half-point rate increases

  Bloomberg The European Central Bank (ECB) should continue with half-point interest-rate increases at the next two meetings and the time to slow the pace of hikes is “still far away,” according to Governing Council member Klaas Knot. “We made a step down in December from 75 to 50 basis points — that will be the pace for a multiple ...

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Axis Bank posts 62% jump in Q3 profit on strong loan growth

Bloomberg Axis Bank Ltd.’s quarterly profit jumped 62% and topped estimates amid robust growth in lending and improved margins. Net income climbed to 58.5 billion rupees ($719 million) in the third quarter, compared with 36.1 billion rupees a year ago, according to a statement on Monday. That beat the average estimate of 53.4 billion rupees by analysts in a Bloomberg ...

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Brazil, Argentina renew talks on combining currencies

  Bloomberg Argentina and Brazil are in the preliminary stages of renewing discussions on forming a common currency for financial and commercial transactions, reviving an often-discussed plan that would face numerous political and economic hurdles. South America’s two largest economies have considered options to coordinate their currencies for decades, often to counter the influence of the dollar in the region. ...

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