Bloomberg The Reserve Bank of India (RBI) restricted American Express Banking Corp (Amex) and Diners Club International Ltd (Diners) from adding new local customers, citing non-compliance with data-storage rules. The order will take effect from May 1 and won’t impact existing customers, the RBI said in a statement. The firms are the first to be penalized under India’s data-storage rules …

Bloomberg The Bank of Russia unexpectedly raised its key interest rate by 50 basis points and signalled more tightening as ruble volatility contributed to inflation risks. The benchmark rate was raised to 5%, the Bank of Russia said in a statement. Thirteen economists out of 41 analysts forecast the move, while 28 expected a smaller cut, according to a Bloomberg …

Bloomberg Chinese companies are listing in the US at the fastest pace ever, brushing off tensions between the world’s two biggest economies and the continued risk of being kicked off American exchanges. Firms from the mainland and Hong Kong have raised $6.6 billion through initial public offerings (IPOs) in the US this year, a record start to a year and …