Bloomberg The Bank of Japan (BOJ) should keep its inflation-targeting stimulus rolling and consider shortening the maturity of its yield target to make its easing framework more sustainable, the International Monetary Fund (IMF) said, in comments that contrast with global moves to tighten policy. Given that Japan’s underlying inflation momentum remains weak at around 0.5% and is not currently …

  Bloomberg UniCredit SpA withdrew from a possible deal to take over Russian lender Otkritie Bank FC, with Chief Executive Officer Andrea Orcel signalling that the military build-up in the region was a factor in the decision. “Given the geopolitical environment we decided to withdraw from the data room,” Orcel said in a media call. “The combined bank would have …

  Bloomberg Kotak Mahindra Bank Ltd.’s profit rises 15% in the third quarter on a cut in provisioning and higher net interest earnings aided by an easing of the pandemic. Net income stood at 21.3 billion rupees ($284 million) in quarter ended December compared with 18.5 billion rupees a year ago. That beat an average estimate of 20.7 billion rupees …