Bloomberg While central bankers from the US to Europe see inflation undershooting their targets as a headache for monetary policy, it may be a boon for the Bank of Russia. A surprise deceleration in consumer prices below 4 percent in July is set to cool off inflation expectations, which Russia’s central bank calls a “pillar” of its rate decisions, according …

Bloomberg Saudi Arabia’s largest lender has become a favourite among equity analysts and investors as its business improves and the potentially lucrative inclusion in an emerging-markets benchmark index approaches next month. Al Rajhi Bank was upgraded to buy by Goldman Sachs Group Inc. on Aug. 8. An analyst at Bank of America Merrill Lynch followed suit eight days later, citing …

Bloomberg The pound declined the most in a week against the dollar amid lingering uncertainties about how long it will take for the UK to forge post-Brexit trade agreements with the European Union. Sterling, which depreciated against most Group-of-10 peers, also reached a 10-month low versus the euro. Prime Minister Theresa May’s government is releasing a third paper Tuesday on …