Bloomberg Romanian Prime Minister Florin Citu and his government were toppled in a no-confidence vote, intensifying political tensions that have already sent the national currency to a record low. Rivals and former allies joined forces on Tuesday in parliament to sink Citu, a 49-year-old former investment banker who’s been in power for less than a year but fell out with ...

Bloomberg European banks are beginning to drop clients that pose a climate risk rather than face possibility of higher capital requirements, according to the watchdog overseeing the development. Banks are raising prices, denying loan requests, “de-selecting industries and in some cases clients,” said Jacob Gyntelberg, director of the economic and risk analysis department at European Banking Authority (EBA). There’s already ...

Bloomberg Colombia raised interest rates for the first time in five years, following in the footsteps of all the other major inflation-targeting economies in Latin America struggling to curb a surge in prices. The seven-member board voted to lift the benchmark rate by a quarter percentage point to 2% in a split decision, central bank Governor Leonardo Villar told reporters ...