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  Bloomberg India’s central bank mounted a fresh defense of the beleaguered rupee, announcing a raft of measures to boost foreign-exchange inflows, that analysts said may not immediately result in large capital flows. The steps include doubling borrowing limits for companies from overseas to $1.5 billion during a financial year, temporarily removing any interest-rate ceiling for banks to attract deposits ...

  Bloomberg NatWest Group Plc will give more than 22,000 staff an average pay rise of around £1,000 ($1,199) from September to help them cope with the cost-of-living crisis. Staff earning less than £32,000 will get a 4% salary rise, according to an internal memo seen by Bloomberg News. NatWest said it had discussed the move with Unite and the ...

Bloomberg The Bank of Japan (BOJ) is likely to consider revising its inflation and growth forecasts later this month as a weaker yen and cost-push inflation force more companies to pass on higher costs to consumers, according to people familiar with the matter. The central bank will probably raise its quarterly price projection to its target level of 2% or above ...

  Bloomberg The Bank of England (BOE) is unlikely to offer a digital form of the pound that works like banknotes, opting instead for an instrument managed through some sort of account. Deputy Governor Jon Cunliffe, who is overseeing the BOE’s work on central bank digital currencies, said policy makers are thinking about how to make the pound work better ...

  Bloomberg Serbia lifted its benchmark interest rate for a fourth month, the highest since July 2019, following in the footsteps of peers in eastern Europe to confront persistent price pressure. The central bank in Belgrade increased the one-week repurchase rate by 25 basis points to 2.75%, a move that none of the 18 economists in a Bloomberg survey forecast. ...

  Bloomberg Peru’s central bank is expected to raise its key interest rate by half a percentage point on Thursday as the fastest inflation in 25 years fuels social tension in the Andean country. Policy makers will lift the benchmark rate to 6%, the highest since 2009, according to all economists surveyed by Bloomberg. It will be the 12th straight ...

  Bloomberg US stock-index futures rise as softer oil prices and a weaker dollar signalled fears about inflation and the pace of monetary tightening are fading. Futures on the S&P 500 and Nasdaq 100 indexes advanced at least 0.2% each after the underlying gauges capped the first three-day rally since May. Asian semiconductor shares rallied after Samsung Electronics Co reported ...

  Bloomberg The pound strengthened and UK stocks rise on reports that Prime Minister Boris Johnson is planning to resign. Investors said the news may spell some initial relief for UK assets, which have been battered by the country’s high inflation, weak economy and the political uncertainty. Sterling rises as much as 0.6% to $1.1994. The FTSE 250 Index, which ...

  ABU DHABI / WAM President His Highness Sheikh Mohamed bin Zayed Al Nahyan has received a phone call from Chancellor of Germany Olaf Scholz, dealing with bilateral relations and ways to enhance them as part of the strategic partnership between the two countries. President His Highness Sheikh Mohamed bin Zayed and the German Chancellor also tackled a number of ...

  Bloomberg Opec Secretary-General Mohammad Barkindo, an oil industry veteran who steered the group through the creation of the Opec+ alliance, has died in his native Nigeria. He was 63. Barkindo was in the final weeks of his six-year tenure as the top diplomat at Organisation of Petroleum Exporting Countries (Opec), where he headed its Vienna-based secretariat. He had returned ...