US overnight funding rate hits record high amid year-end volatility
By Davide Barbuscia NEW YORK (Reuters) – A gauge measuring the borrowing costs on loans between banks and other participants in the U.S. repurchase agreement (repo) market hit its highest level since…
Russia’s economy to start stabilising in ‘new equilibrium’ near year-end -central bank
(Reuters) – Russia’s economy will begin stabilising in its “new equilibrium” closer to the end of this year after beginning to go through a structural transformation in the second and third quarters,…
European arm of Russia’s Sberbank to be wound down by year-end
BERLIN – The European arm of Sberbank, Russia’s biggest lender, is to be wound down by the end of the year and creditors will be paid back, Austria’s national bank, the OeNB,…
Russia to slash rates by year-end as rouble recovers
(Reuters) – Russia’s inflation this year could be lower than previously expected thanks to a recovery in the rouble, which should give the central bank room to cut interest rates amid a…
PM Johnson: UK hopes to clinch Indian free trade deal by year-end
AHMEDABAD, India – Britain hopes to complete a free trade deal with India by the end of this year, British Prime Minister Boris Johnson said on Thursday as he emphasised the need…
Hungary’s Orban says he hopes inflation will dip below 6% by year-end
BUDAPEST – Hungary’s government hopes inflation will ease back to below 6% by the end of 2022 after hitting a near 15-year high of 7.9% at the start of the year, Prime…
ECB to raise deposit rate to -0.25% by year-end- Reuters poll
By Shrutee Sarkar BENGALURU – The European Central Bank will raise its deposit rate in the second half of this year, and not wait until 2023 as previously expected, according to a…
Unilever expects new Ben & Jerry’s ‘arrangement’ for Israel by year-end
By Richa Naidu and Ross Kerber LONDON/BOSTON – The board of Ben & Jerry’s aims to work out a “new arrangement” for sales in Israel before the end of the year, Unilever…
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