New Delhi / Bloomberg India extended a tax on wheat imports by three months to protect farmers in the world’s second-largest grower from cheap overseas supplies. The 25 percent duty will stay until June 30, the Finance Ministry said in a notification dated March 28 on its website. India first imposed a 10 percent duty on imports in August and ...

Bloomberg The Bank of England recommended tighter lending criteria for buy-to-let mortgages and said it continues to look for signs that risks are accelerating. The Prudential Regulation Authority — the U.K.’s main banking supervisor and part of the central bank — published guidelines on Tuesday that aim to guard against a loosening of underwriting standards and bring all lenders into ...

London / Reuters Sterling climbed on Tuesday as European investors returned to work from the Easter break, up around 0.6 percent on a trade-weighted basis since the market close last Thursday, as nerves over a possible British exit from the EU quietened somewhat. The pound had hit a two-year low last week against the Bank of England’s trade-weighted basket of ...