Bloomberg A surge in US apparel costs helped fuel above-forecast inflation for January, sending Treasury yields higher. But the era of markdowns for struggling retailers is far from over. Clothing prices, which account for 3 percent of the consumer price index, jumped 1.7 percent in the biggest monthly gain since 1990, Labor Department data showed. That helped the so-called core …

Bloomberg The European Central Bank declared a temporary moratorium on debit operations in all currencies at ABLV Bank, the Baltic country’s third-biggest lender facing US Treasury enforcement action for alleged links to North Korea. “Temporarily, and until further notice, a prohibition of all payments by ABLV Bank on its financial liabilities has been imposed, and is now in effect,” the …

Bloomberg Shares of India’s government-controlled banks fell on Monday as more lenders disclosed exposure to one of the nation’s biggest frauds. UCO Bank tumbled 7.5 percent as of 9:26 a.m. in Mumbai — set for the steepest plunge since September 2016 — after it said it has exposure of $411.8 million in the nearly $2 billion bank fraud allegedly perpetrated …